How is Disability Income Taxed?
Many Americans receive disability income. You may wonder . . . if, and how is disability income taxed? As is often the case with […]
Tax Issues Divorcing Couples Should Understand
When a couple is going through a divorce, taxes are probably not foremost in their minds. But without proper planning and advice, some people […]
Mutual Fund Buy-Sell Tax Pitfalls
If you invest in mutual funds, be aware of some potential mutual fund buy-sell tax pitfalls that can surprise the unwary.
What Tax Records Can You Throw Away?
October 15 was the deadline for individual taxpayers who extended their 2019 tax returns. (The original April 15 filing deadline was extended this year to July 15 due to […]
Innocent Spouse Tax Liability Relief
If you file a joint tax return with your spouse, you should be aware of your individual liability. And if you’re getting divorced, you […]
Income Tax Planning as Part of Your Estate Plan
As a result of the current estate tax exemption amount ($11.58 million in 2020), many estates no longer need to be concerned with federal […]
Deductibility of Portfolio Management and Related Expenses
In some cases, investors have significant related expenses, such as the cost of subscriptions to financial periodicals and clerical expenses. Are they tax deductible? Under the Tax […]
Can Homebuyers Deduct Seller-Paid Points?
Despite the COVID-19 pandemic, the National Association of Realtors (NAR) reports that existing home sales and prices are up nationwide, compared with last year. One of the […]
Tax Implications of Working from Home
COVID-19 has changed our lives in many ways, and some of the changes have tax implications. Here is basic information about two common situations […]
Are Social Security Benefits Taxed?
If you’re getting close to retirement, you may wonder: Are my Social Security benefits going to be taxed? And if so, how much will […]
