Creating Entity to Hold Real Estate Separately
Creating a separate entity, such as a partnership, to hold your real estate provides both insurance and tax advantages. Read more in this Business Tip.
Are Withdrawals from a Cash Value Life Insurance Policy Ever Tax Free?
Before you withdraw from your cash value life insurance policy, be aware of your basis and any surrender charges. Learn more in this week’s Insurance Tip.
If I Work at Home Occasionally, am I Entitled to a Home Office Deduction?
You have a home office, but can you deduct it on your taxes? Before you do, make sure you pass two tests from the IRS. Find out in this week’s Tax Tip.
Growth vs. Value: What's the Difference?
You should understand what you are buying when choosing between a growth or value stock for your portfolio. Find out more in this week’s Financial Tip.
Friday’s Greek Riots Wipe Out Week’s Gains
While jobs growth has been flat for the past eight months, we are seeing signs of improvement, and the markets are responding in kind.
Increase in Tax Audits and Prepaid Audit Services
Tax expert Emily Cowan, C.P.A. joins “Money Talks” to warn listeners about increased IRS audits and shares how to respond to an inquiry letter.
Q&A Time: Using Bond Funds for Liquidity and Paying Off your Mortgage Early
Dr. Gene and Bil Lako, CFP® answer listeners’ questions on the use of bond funds and paying down your mortgage early.
In the News: Tailor your reporting for your situation
The basis accounting method you use can help manage your tax liability on your investments. Read our article on MDJonline.com.
Safeguard Your Refund—Choose Direct Deposit
The fastest way to get your tax refund is also the safest way: e-file and direct deposit. Learn more on the IRS website.
IRS App Available
The IRS has an app for that! Smartphone users can get IRS2Go 2.0, to provide access to practical tools and information. Learn more about the app.