If your nest egg has shrunk as a result of market turmoil but you continue to take the same amount of money out of it each year, you might be increasing your odds of running out of money sooner than you had planned.
Whether moving for a new job, to be closer to family, to retire, or for some other reason, don’t forget about taxes!
While it may seem too risky to launch a business with coronavirus and an impending global recession, we offer three reasons why a recession is a great time to launch a startup.
If you e-filed and mailed a check to the IRS to pay your taxes, you may still receive a tax-due notice.
Do you gamble online at a casino located overseas? Do you have relatives in a foreign country who put your name on their bank account in case of emergency? You may have an FBAR requirement and not even realize it!!
Philanthropy cannot only give you great personal satisfaction, it can also give you a current income tax deduction, let you avoid capital gains tax, and reduce the amount of taxes your estate may owe when you die.
This chart provides a side-by-side comparison of the two front-running presidential candidates’ tax plans for the future. However, there is no assurance these plans won’t be revised or that they will have eventual Congressional backing.
Own a business? If you pay an independent contractor $600 or more for the calendar year, you are required to issue a Form 1099-NEC soon after the end of the year to avoid penalties.
Now that your child is in college, it’s time to reinforce good money habits with lessons in Budgeting 101.
If you could not complete your 2019 tax return by the extended July 15 deadline and filed a request for additional time, that extension expires on October 15, 2020.
