Latest From the Blog
Tax Tip of the Week | No. 358 | Five Things to Know About Substantiating Donations
There are virtually countless charitable organizations to which you might donate.
Tax Tip of the Week | No. 330 | The Future of Retirement Planning - Part 3
Some retirement policy reform plans have called for capping the amount that could be contributed pretax to retirement accounts. A Republican plan put forward in 2014, for example, would have disallowed contributions to traditional IRAs and removed income limits on Roth IRA contributions.
Tax Tip of the Week | No. 329 | The Future of Retirement Planning - Part 2
The stretch IRA isn’t really a savings vehicle—it’s an estate-planning strategy for extending the life of an IRA across multiple generations, enabled by IRS interpretation of the tax code.
Tax Tip of the Week | No. 326 | Finish the Year with Effective Tax Planning
The fourth quarter is often make-or-break time in sports. Likewise, tax-cutting steps you take in the last three months of the year can transform a financial plan into a bona fide winner.
Tax Tip of the Week | No. 299 | IRS to Hold Returns with the American Opportunity Tax Credit
If you qualify for the American Opportunity Credit (AOTC) this year, please be aware of a possible "refund hold" on the credit to verify attendance.
Tax Tip of the Week | No. 279 | What New IRA Rules Mean for Your Retirement Account
A few folks thought they could use their individual retirement accounts for short-term loans to themselves. The Internal Revenue Service was not amused. Starting in 2015, new rules apply for withdrawing money from an IRA with the aim of rolling it into another IRA investment, taking possession of the funds yourself in the process.