- Want to save taxes on a 2016 Roth IRA conversion?
- Have you thought about any last-minute actions for your 2016 taxes?
- Thinking of Becoming a Real Estate Flipper? Here's a Primer on the Tax Rules
- With mortgage interest rates low and home prices finally making a comeback, flipping real estate appears to be on the rise. This activity is even the theme of several popular reality TV shows. House flipping is, essentially, purchasing a house or property, improving it and then selling it (presumably for a profit) in a short period of time. The key is to find a suitable fixer-upper that is priced under market for its location, fix it up and resell it for more than it cost to buy, hold, fix up and resell.
- Year-end Tax Planning 2016: Charitable Deductions
- With tax law changes on the horizon, it may be time for you to consider year-end tax planning. One such opportunity, is to move up any charitable deductions planned for 2017 into the 2016 tax year.
- Dodging Tax Penalties
- Most taxpayers do not intentionally incur tax penalties, but many who are penalized are simply not aware of the penalties or the impact they can have on their wallet. As tax season approaches, let's look at some of the more commonly encountered penalties and how they may be avoided.
- Tax Benefits for Single Parents
- If you are a single parent dealing with the complicated tasks of working and raising a family, there are some tax benefits and issues you should be aware of.