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2013 Tax Planning: Start Preparing Now

There is little one can do about what Congress will decide to change in the final hours of the tax year. We are often surprised (and sometimes not) by what goes down at the last minute and this does not make for good tax planning.

End-of-Year Tax Planning Tips

A higher-than-expected tax liability that you cannot immediately pay is not just costly, it can also be stressful. Now's the time to project what you'll owe Uncle Sam and come up with a payment plan.

Does it Pay to Move to Another State?

Whether you are considering moving to a different state to help find a new job or get a change of scenery, the decision should include a careful review of the tax implications. 

New for 2013: Additional Medicare Tax

The Additional Medicare Tax went into effect this year and will be levied on wages, other compensation, and self-employment income paid after the start of the year.

Tips for Preparing an Offer in Compromise

The IRS’s offer in compromise program allows taxpayers facing financial hardships to settle their outstanding tax liability for pennies on the dollar. But there are rules everyone must follow.

How Bankruptcy Impacts Your Taxes

Before rushing off to file bankruptcy it's important to analyze the impact on tax liabilities, and make sure the timing is right to file.

How Bankruptcy Impacts Your Taxes

Before rushing off to file bankruptcy it's important to analyze the impact on tax liabilities, and make sure the timing is right to file.

How to Appeal an Offer in Compromise

The IRS’s offer in compromise program allows taxpayers to settle their tax liability for less than the amount, but the process is a long one.

Nanny Taxes: What Parents Need to Know

With summer just around the corner, many parents are looking to hire help to watch their children during the day, and in most cases, this means Uncle Sam will also get involved. 

Taxability of Life Insurance

Nothing in the tax code is straightforward or easy to understand, and that’s especially true when it comes to life insurance with all the caveats, exceptions and treatments.