IRA Charitable Donations: An Alternative to Taxable Required Distributions
Here’s a strategy for older taxpayers who are philanthropically inclined and also take distributions from their traditional IRAs.
Caring for an Elderly Relative? You May Be Eligible for Tax Breaks.
You may have overlooked some tax breaks if you are caring for an elderly relative. Here’s a rundown.
The Tax Mechanics Involved in the Sale or Trade of Business Property
The tax treatment of the sale of business assets can be complex. Here’s an overview.
Thinking About Converting Your Home into a Rental Property
It’s home selling (and buying) season. What are the tax consequences if you buy another home but decide to keep your current home and rent it out?
Once You File Your Tax Return, Consider These 3 Issues
Once your 2021 tax return has been filed, there still may be some issues to consider. Many people have questions about how to find their refund status, which records can be thrown out and when to file amended tax returns.
Selling Mutual Fund Shares: What Are The Tax Implications?
Selling mutual fund shares involves many complex factors. Here are the basic rules.
2022 Q2 Tax Calendar: Key Deadlines for Businesses and Other Employees
Does this year’s April 18 filing deadline apply to your company? What additional tax deadlines are there for businesses and employers during the second quarter of 2022?
The Tax Rules of Renting Out a Vacation Property
A vacation home is more than just a place to relax. It also may provide tax breaks. Here are the rules if you rent it out for part of the year.
When Inheriting Money, Be Aware of “Income in Respect of a Descendent” Issues
For the most part, property you inherit isn’t included in your income for tax purposes. However, certain items may have to be included in your income, although you may also be entitled to a deduction on account of them.
Lost Your Job? Here are the Tax Aspects of an Employee Termination.
Most people don’t think about taxes if they lose their jobs but there can be tax implications to a layoff or termination. Here are some of the issues that may occur.