If you’ve been watching the national news lately, one of the topics creeping back into the discussion is the federal debt ceiling. Our nation’s debt
In my recent post I highlighted the looming problem that taxes will create for many investors when they retire due to the bulk of retirement assets
When I meet with investors, most believe health care will be their single largest expense during retirement. They’re surprised when I tell them if I
Back in March, I sat down to file my family’s income taxes, both federal and state. Part of that process is taking a serious look
Planning a vacation and dreading all the costs? While there are many ways to spend less on vacation, there’s another route to try if you want to travel
One of the most common retirement questions I get asked is: Roth IRA or 401(k)? Although both are good options worth considering, the answer isn’t
According to the IRS, the average tax refund so far this year has reached a staggering $3,539. It’s still early, however. And as the tax agency notes,
For many people, two of the most frightening words in the English language are death and taxes. Even among those for whom the words are
Under normal circumstances, preparing all but the simplest tax returns can be confusing and stressful. For many military taxpayers, there is no such thing as
There’s an old Gershwin song that goes, “You say tomato, I say tamahtoe … let’s call the whole thing off.” Taxpayers and the IRS have
Misconceptions are common when it comes to taxes in general, but some aspects of income tax preparation seem to have more than their fair share.
The tax-preparation chain H&R Block is running a commercial this year that invites Americans to “get their billions back.” But what exactly does it mean?
During the first few months of the year, I read lots of articles and hear from many readers on the question of income taxes. It’s
There’s a lot to be said about having children; they’re a joy, they’re a handful — and they’re expensive. How expensive depends upon where you
It’s three hours until closing time and you’re already counting down. Once the clock strikes 5 p.m., you are ready to race out that door
The majority of taxpayers have long held the belief that they have no rights before the IRS, according to IRS National Taxpayer Advocate Nina Olson.
Even the most knowledgeable tax professional can’t complete your income tax return correctly and quickly without all the information they need. Yet every year, countless
More than 50% of taxpayers hire a professional to prepare their taxes. But you’re legally responsible for what is on your tax return even if