Tax Time: Ins and Outs of Interest Expenses
Can you deduct interest expenses on your 2016 tax return? It depends. Generally, the tax law requires you to allocate interest payments under a complex set of r
Khorshed Alam
Age Discrimination in the Workplace
In California, employers may not use an employee’s or a job applicant’s age as a basis for employment decisions, such as hiring or firing. An individual mus
Tax Strategies for Homeowners
Be aware that tax consequences are associated with home ownership. Home purchase When purchasing a home, you may pay a portion of the mortgage interest in adv
Emergency Savings-How Much is Right For You?
Figuring out how much to set aside in a rainy day fund isn't a one-size-fits-all proposition, though the rule of thumb of three to six months of living expenses
What Filing Status is Right For You?
Your federal income tax filing status can affect exemptions, reportable income, deductions, credits, tax rates, liability, the type of form you file, and whethe
Is Your Pastime a Hobby or Business?
If you’re like some taxpayers, you have a pastime that brings in cash but produces a loss after you deduct your expenses. Example: an amateur artist who spend
2012 Tax Saving Guidelines
Now that the holidays are over, it’s time to get an early start on your tax return filing. Maintaining good records can make filing your tax return easier, an
Optimizing the 2011 Tax Filing Season
The 2011 tax filing season has already kicked off as the IRS has already started accepting e-filed tax returns as of January 14, 2012. Individual taxpayers will
Tax Filing Tips
Good Recordkeeping Right after the holidays, get an early start on your tax return filing. Maintaining good records can make filing your tax returns easier, and
14 Year-End Tax Tips
Earlier is better when it comes to adopting a strategy to reduce your taxes. But even if time gets away from you, there are some year-end actions you can take t
Cancellation of Debt (COD) Income
In the current economic climate foreclosures and short sales have become more commonplace. When a taxpayer negotiates with a creditor to settle his/her debt tha
Report Your Foreign Financial Assets Now!
To any U.S. taxpayers with bank accounts in other countries outside the United States, who are wondering if they need to report it to the U.S. government, the a
