Are You Giving Interest-Free Loans—Or Worse, a Gift—to the Government?
If you’re getting a refund, you’ve given the government an interest-free loan for the last year.
In the News: Are You Giving a Gift to the Government?
Are you giving the government $55 a week more than you should? We explain in today’s Marietta Daily Journal.
Tax Tidbits
The Senate approved a provision that would revoke the passports of those with delinquent tax debts. Read more tidbits in this Tax Tip.
Reporting Stock Transactions Becomes More Complicated
In 2011, brokers began to track the price paid for the securities in purchase transactions. Read what this means for you in this week’s Tax Tip.
Tax Strategist: Schedule Cs in the IRS’ Bull’s-eye
Schedule C returns have a 300% higher chance of being audited than a partnership or an S-Corporation. Learn more in this Tax Strategist.
In the News: To File, or Not to File—That Is the Question
Filing an extension doesn’t put you on an audit list. But, mismatched cost basis reporting could garner IRS scrutiny. We explain in today’s Marietta Daily Journal.
Tax Filing Deadline Rapidly Approaching
April 17, 2012 Deadline: 2011 taxes due, last day for 2011 contributions to an IRA & last chance to claim 2008 refund. Learn more in this week’s Tax Tip.
Eight Tips to Determine if Your Gift is Taxable
If you gave money or property to someone as a gift, you may owe federal gift tax. The IRS has eight tips to help determine if your gift is taxable.
Alimony: Tax Planning
Tax expert Emily Cowan, C.P.A. joins “Money Talks” to discuss the tax ramifications of alimony payments
In the News: Self-Employment or a Hobby?
If your part-time business is truly a hobby and not a business, don’t try and sell it to the IRS as a business. We explain in today’s Marietta Daily Journal.