One minute, you’re minding your own business and aren’t even thinking about that return you filed months ago. The next minute you open your mailbox and see something called a “Notice of Deficiency”—and your anxiety immediately goes through the roof.
The IRS recently issued letters to more than 10,000 taxpayers whom they suspect have not been properly reporting their virtual currency transactions.
Losing a loved one can be difficult. Despite the emotional trauma involved, you may also be responsible for handling things you have not done before. We walk you through a list of financial, legal, and administrative tasks to consider.
While all the holiday gifts you give will cost you money, some might also yield a tax benefit.
If you are 70½ or older and must begin taking annual required minimum distributions, you can use a qualified charitable distribution (QCD) to donate from your IRA and get a tax break, whether you itemize or not.
The number-one threat to your business isn’t an external factor at all. It’s the people you’ve cofounded that business with.
Often, identity theft and refund fraud victims may be unaware that their identity has been used fraudulently. Should you consider getting an Identity Protection PIN?
According to the Social Security Administration, 10,000 baby boomers a day are reaching the age of 65. As such, many people are senior-proofing their homes for either themselves or an older family member. If you are planning these home improvements, read this first to find out what costs might be tax-deductible.
If your employer offers one of these benefits, you should seriously consider taking advantage of it, if you haven’t already.
The “Money Talks” experts provide listeners with some useful year-end planning tips that cover estate, tax, investment, and financial planning.
