Featured Articles & Tax Tips Blog

From The Wall Street Journal – By Richard Rubin – WASHINGTON—Taxes could go up, down or completely sideways next year, depending on which political party controls which parts of the government after the too-close-to-call November elections. With the House, Senate and...

From Social Security to IRAs and investments, with smart tax planning, retirees can have some control over how much of their income they'll get to keep. From Kiplinger – By Rick Barnett –   Retirement isn’t the end but rather a new beginning. A time to enjoy the...

From Forbes– By the Forbes Technology Council – As consumers, we’ve likely run across cautionary tales and product ads focused on identity theft in a variety of media, from television commercials to podcasts and online news sources to local radio. It’s not surprising...

From Fortune – By Jane Thier – It’s good to be young. Even better if you have rich parents. But they’ve got to act quickly: If Democratic nominee Kamala Harris is elected in November—which many polls predict will happen—ultra-wealthy parents will have a much harder...

From Smart Asset – By Mark Henricks –  Converting a 401(k) to a Roth IRA can potentially provide valuable long-term benefits, but it also triggers a tax bill that you’ll need to plan for. While the taxes on a Roth conversion can’t be avoided, savers can reduce the...

From CNBC – By Greg Iacurci –  Travelers, be warned: The federal government may revoke your passport if you ignore a big tax bill. Such punishments have become more frequent in recent years, experts said. Federal law requires the IRS and Treasury Department to notify...

From Marketplace – By Kimberly Adams –  Many provisions of the 2017 tax law are set to expire at the end of 2025. Advocates are already attempting to convince Congress to extend or make permanent key provisions, even as concerns about the growing budget deficit make...

From USA Today – By Maya Marchel Hoff –  The conversation around eliminating taxes on tips for service and hospitality workers is being reignited after former President Donald Trump and Vice President Kamala Harris have come out in support of it on the campaign trail....

A Report from the Institue on Taxations and Economic Policy – July 30, 2024 –  Key findings: Undocumented immigrants paid $96.7 billion in federal, state, and local taxes in 2022. Most of that amount, $59.4 billion, was paid to the federal government while the...

From USA Today – By Paul Davidson – Vice President Kamala Harris would largely adopt President Biden’s economic blueprint on major issues such as taxes, trade and immigration if she becomes the Democratic presidential nominee, despite her previous views that leaned...

From CNBC – By Kate Dore – A Roth conversion ladder is a multiyear strategy to transfer pretax funds to a Roth IRA to kickstart future tax-free growth. You'll owe upfront levies on the converted balance, but there is no 10% early withdrawal penalty after five years....

The Financial Crimes Enforcement Network, the division of the US Treasury Department responsible for collecting new Beneficial Ownership Information reports from many companies in the United States, has issued an alert about potential scams involving the new...