How Series EE Savings Bonds are Taxed
Do you own Series EE bonds? Take a look at the issue dates. If the bonds are no longer earning interest, you probably want to redeem them. Here’s more about how the interest on the bonds is taxed.
Tax Responsibilities If Your Business Is Closing Amid The Pandemic
There are a number of tax obligations that must be met when a business closes its doors. Sadly, because of COVID-19, many businesses are facing this reality. Here are the basic requirements.
Divorcing Couples Should Understand These 4 Tax Issues
Getting a divorce can be distressing. You don’t want to make matters worse by making decisions that will cost you more in taxes. Here are four issues to consider if you’re in the midst of getting a divorce.
Buying and Selling Mutual Fund Shares: Avoid These Tax Pitfalls
Planning to buy or sell mutual fund shares? Here are some tax hazards to avoid.
What Tax Records Can You Throw Away?
Did you file an extension until Oct. 15 to file your 2019 tax return? After finishing, you may find yourself with piles of tax-related documents. You might not want to toss them out for fear of trashing something important. Here are some tax recordkeeping guidelines.
The Easiest Way to Survive an IRS Audit is to Get Ready in Advance
Getting a letter from the IRS that your tax return is being audited may strike fear into the hearts of business owners. But the more you know about IRS audits, the better you can fare.
Why It’s Important To Plan for Income Taxes As Part of Your Estate Plan
With the federal estate tax exemption so large, you may not be worried about estate taxes anymore. But it’s a good time to focus on saving income taxes for your heirs.
Can Investors Who Manage Their Own Portfolios Deduct Related Expenses?
Are you an investor or a trader? While trader status is difficult to achieve, if a taxpayer qualifies, he or she can deduct investment-related expenses.
Tax Implications of Working From Home & Collecting Unemployment
Have you lost your job and collecting unemployment? Or are you fortunate to be working from home because of the pandemic? Both of these situations could have tax implications.
Employers Have Questions & Concerns About Deferring Employees’ Social Security Taxes
The IRS has issued guidance to implement the deferral of the employee share of Social Security tax. But employers still have questions and concerns about whether, and how, to implement the deferral.