If you are over age 55 or are trying to find assistance for someone who is, you may not know what questions to ask or where to look for benefit assistance and programs. But there is help. Read on for more information on BenefitsCheckUp.
The rules governing the 3.8% surtax are incredibly complicated, and it is unlikely that you will ever need to know more than a handful of them. If you have an IRA or other retirement account, that handful of rules likely includes one or more of the three discussed in this article.
What if you could avoid 100% of the income tax on your IRA? Or at least reduce the tax to as close to $0 as possible? While a totally tax-free IRA may seem like something that only exists in your dreams, there are some circumstances in which it may be possible. Here's how to make your IRA dreams come true.
Good communication with your tax preparer is essential to make sure that your tax return is prepared correctly. Take these 2 Roth conversion tax scenarios as the perfect illustration of the necessity to communicate.
We still get many questions on how a taxpayer should report a QCD (qualified charitable distribution) on their tax return. Jeffrey Levine takes you through the IRS Forms to use and what you should write on certain key lines.
The 2015 tax season is now in full swing. As you finish preparing your own return for this year, maybe you were too generous with Uncle Sam last year, and he owes you a refund. If that’s the case, here are 5 ways you might consider using this year’s tax refund other than heading off to the Caribbean or buying a new flat-screen TV.
It's tax season. Every year, many people get lost in the numbers, the deductions, the credits, and the refunds. They forget to report rollovers to the IRS, especially tax-free rollovers. We examine the process, where you should be looking for these numbers and how to report them.
It paid to be a loser at this year’s Academy Awards, at least for some. Instead of taking home the golden Oscar, losing nominees in the big categories – best supporting actor, best supporting actress, best actor, best actress and best director – took home some serious swag.
If you’re one of the millions of Americans that will have some type of money riding on this weekend’s big game, your gambling wager could have both tax and IRA planning consequences. We break down what happens if you win or lose plus a prediction for Super Bowl XLIX.
Today, federal estate tax has become a non-issue for all but the wealthiest of American families. As has been the case since the early 1980s, spouses can generally leave an unlimited amount of assets to one another without such a transfer being subject to estate tax. Most transfers to someone other than a spouse also avoid estate tax under current law. But will it stay that way?
