Taxes
Latest Taxes News
How to Report Foreign Gifts With Form 3520
The IRS has clear guidelines and specific thresholds that dictate when and how U.S. persons (citizens, resident aliens or domestic…
Federal Agencies, Including IRS Criminal Investigation, Tout Money Mule Awareness
An exciting vacation to Thailand takes a turn in the movie “Brokedown Palace” when Alice, played by Claire Danes, and…
As Tax Day Gets Closer, Don’t Panic—Simply File For An Extension
Earlier today, I had a conversation with a taxpayer who was questioning a tax preparer’s recommendation to file for an…
IRA Early Withdrawal Rules and Penalties
When you deposit cash into your retirement account, it enters a new realm of rules and regulations. While your IRA…
Why More Troubled Commercial Real Estate Loans Will Come Due In 2024
Sharp reductions in value for office buildings have many waiting for a major collapse in commercial real estate, which in…
How Long You Have to Keep Tax Documents
Once tax season is over, it’s tempting to contemplate pushing every document into a shredder and going on your way…
Investment Income Can Be Tricky At Tax Time—Here’s What You Need To Know
The majority of taxable income in America comes from wages and salaries—typically, those numbers are reported on Form W-2 at…
How to Donate to Charity With Money From Your IRA
The IRS allows, and even encourages, charitable donations from tax-advantaged retirement accounts such as an IRA. Not only can this…
What Trump’s 100% Auto Tariff Proposal Would Mean For The U.S. Economy
Corrected, March 28, 2024: A earlier version of this article erroneously reported where BYD makes EVs and how many it…
My Tax Preparer Made a Mistake: What Can I Do?
By law, you are responsible for your own tax return. This is true even if you hire someone else to…
