Lifestyle and Budget

Giving Gifts? You May Get a Tax Bill

Did you know that when you give gifts to your family, friends, and loved ones that the IRS has an interest in it? Here are five tips about the gift tax.

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.

Buy American, Watch Your Taxes Go Down

Former Cheers star John Ratzenberger encourages American shoppers to ask where the “made in America” section is. “And if they don’t have one,” he says, “walk out!”

The Tax Rules of Alimony

To make divorce proceedings even more painful, the tax man often gets involved and makes the process even more complicated.

Trust Me! What You Need to Know About Trusts

It is true that having a substantial estate would necessitate having a Revocable Trust to lower estate taxes, but the primary advantage of having a Living Trust is to avoid a probate.

Planning to Splurge With Your Tax Refund? Not So Fast!

If you get a large tax refund this year -- or any sort of large windfall, for that matter -- it's natural to be tempted to run out and spend it. However, you may be surprised at how much a big purchase really costs you.