- Video Tips: How to Distinguish Hobby Vs. Business for Tax Purposes
- According to the IRS, any income generated from a hobby must be reported on your tax return, but it is not eligible for deductions like business expenses. Watch the video to see how the IRS distinguishes between a hobby and a business.
- Forgot Something on Your Tax Return? It’s Not Too Late to Amend the Return
- If you discover that you forgot something on your tax return, you can amend that return after it has been filed. The need to amend can include a number of issues:
- Is Your Will or Trust Up-to-Date?
- When was the last time you or your attorney reviewed or updated your will or trust? If it was some time ago before the passage of substantial tax law changes over the past few years, your documents may be out of date. Among the many changes was a substantial revision to the estate tax exclusion.
- Understanding What Innocent Spouse Relief Is, and Whether You Need It
- What happens if your spouse turns out to be a tax cheat, and you signed a joint tax return without realizing it. Can you be held responsible? Learn more.
- Video Tips: Cash Flow Solution for Seniors
- For retirees who are struggling with keeping a positive cash flow, a reverse mortgage may be worth considering. Watch this video for more details.
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