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Consider Taxes before Converting Your Home to a Rental Property

Have you ever thought about becoming a landlord? This option may be tempting if your local...

Wedding Bells and Taxes: Tax Issues to Consider Before Tying the Knot

Summer — the traditional wedding season — is just around the corner. Marriage changes life in...

Capital vs. Ordinary: Classifying Income and Losses Affects Your Taxes

Most of the time, how to classify gains and losses from selling an asset is fairly...

The Ins and Outs of Deducting Legal Expenses

The Ins and Outs of Deducting Legal Expenses
Legal expenses incurred by individuals are...

Spring Cleaning: When Can You Purge Your Old Financial Records?

Spring Cleaning: When Can You Purge Your Old Financial Records?
Feeling the urge to purge?...

Update on Home Mortgage Interest Deductions

If you own a home with a mortgage, you should receive an IRS form from your lender each year...

Maximize Write-Offs for Business Interest Expense

Maximize Write-Offs for Business Interest Expense
When you take out personal loans to buy a...

Will You Have to Pay Tax on Social Security Benefits?

Will You Have to Pay Tax on Social Security Benefits?
Some people are under the misconception...

There’s Still Time to Set Up a SEP for 2016

There’s Still Time to Set Up a SEP for 2016
Simplified Employee Pensions (SEPs) are...

Remember RMDs this Tax Season

Did you know that, once you turn age 70½, you must start taking mandatory annual withdrawals from...