Becoming a Smarter Renter in 2017
It seems everyone has a tale of a bad rental experience. If you rent anything – a home, a piece of equipment, or a car – here are some hints that can make it a positive experience. Read more.
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Tips on Tip Reporting in 2017
Working in the service industry often means part of your income comes in the form of tips. Keeping records of your tips is a necessary part of reporting this income for tax purposes, but do you have a good system in place to do this?
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The Internal Revenue Service is Now Tracking Bitcoin
The Internal Revenue Service has signed a contract with a company called Chainalysis that offers software for analyzing and tracking bitcoin transactions. The IRS has been pushing for ways to tax bitcoin transactions. In 2014, it issued basic guidance in Notice 2014-21 stating that virtual currencies such
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How to Cut Car Maintenance Costs in 2017
The cost of one trip to the auto mechanic can do severe damage to your monthly budget. Follow these five auto maintenance tips to help save money over time. Read more.
Parents Need to do Estate Planning in 2017
For a parent, estate planning is especially important. The first priority is to make sure your children are protected in the event that something happens to you. Your estate plan should appoint guardians for your minor children, as well as provide for their financial well-being.
The Rules for Withdrawing from a 529 College Saving Plan in 2017
After years of putting money in your 529 college savings plan, you’re ready to start taking withdrawals to pay tuition bills. Do you know the rules for keeping the withdrawals tax-free? Read more.
Give to Cut Taxes in 2017
If you are in a position to give, making annual gifts can be an excellent strategy for reducing both your estate and income tax liability. Doing your gift-giving during midyear rather than late in the year is especially smart if you are gifting income-producing real
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Is Your HSA a Retirement Tool? The good, the bad, and the ugly!
Health Savings Accounts can be a source of retirement funds when properly positioned with other retirement fund options, but it’s important to know their advantages and disadvantages. Read more.
Don’t Pay Tax on a Home Sale in 2017
The law lets you sell your home tax-free if you meet certain requirements. The home must have been owned and used as your principal residence for at least two of the five years prior to the sale. Couples can enjoy up to $500,000 of tax-free
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Know the facts about IPOs in 2017
Do you know anybody who has tripled his or her money investing in the initial public offering (IPO) of a hotshot new company? It can happen.