- Facing a Huge Gain from a Realty Sale?
- If you are contemplating selling real-estate property, there are a number of issues that could impact the taxes that you might owe, and there are steps you can take to minimize the gain, defer the gain, or spread it over a number of years.
- Increase Your Withholding to Avoid Underpayment Penalties
- Uncle Sam considers our tax system a "pay-as-you-go" system and expects taxpayers to prepay taxes on income as they receive it throughout the year. Taxes are prepaid through withholding and by estimated tax payments.
- Married to a Nonresident Spouse?
- In this day and age, with businesses going global and worldwide travel being so easy, it is becoming more and more common to see marriages occurring between a U.S. citizen/U.S. resident alien and a resident of another country. These marriages trigger significant tax consequences.
- Does Uncle Sam Have a Birthday Gift for You This Year?
- For your birthday this year, you may have received a special gift from a loved one or favorite friend. Depending on the number of candles on this year's birthday cake, you may also be getting a gift from Uncle Sam when you file your tax return next tax season. In some situations the gift may not be because you reached a certain age, but will be the result of the age your dependent(s) or spouse turned this year. Unfortunately, not all of Uncle Sam's gifts will be welcomed, because some birthdays mark the end of eligibility for certain credits or exclusions of income and others signal the start of needing to include retirement benefits in income.
- Tax Benefits for People With Disabilities
- The code includes a number of benefits for individuals with disabilities, but you can't take advantage of these benefits unless you know about them and understand how they might benefit you and your special circumstances. Many of the benefits also apply to the parents of children with disabilities. Here is a rundown:
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