Big Changes Ahead For How Alimony is Treated for Tax Purposes
Alimony is the term used for payments to a separated spouse or ex-spouse as part of a divorce or separation agreement. Since 1985, to be alimony for tax purpose
Not-Being-Insured Penalty Eliminated
Beginning in 2014, the Affordable Care Act, also known as Obamacare, imposed what a “share-responsibility payment” on taxpayers who did not sign up
Tax Reform Adds Education Benefit
Tax law provides two tax-advantaged savings plans for the Qualified State Tuition Plan (commonly referred to as a 529 Plan). They are similar in that contributi
What to do next if you are a victim of Identity Theft?
If you are a victim or think you may be a victim, here are 7 steps to take…Learn more.
Tax Deductions for Restaurant Service Staff
If you are a waiter or waitress, the IRS requires you to keep a record of your tips.
Don’t Toss Those Tax Records Yet!
Even though the 2017 tax due date has come and gone, and even though you have filed your 2017 tax return, you may still need to keep your 2017 tax records. Gene
Understanding the Health Insurance Mandate
As of 2014, the Affordable Care Act imposed the new requirement that all people in the United States, with certain exceptions, have minimum essential health car
How to Understand Common IRS Tax Terms
When discussing taxes, reading tax related articles or instructions one needs to understand the lingo and acronyms used by tax professionals and authors to be a
Tax Deductions for Entertainers
Educational expenses are deductible under either of two conditions: (1) your employer requires the education in order for you to keep your job or rate of pay; o
Cryptocurrencies and Your Taxes
If you trade cryptocurrencies like Bitcoin you are required to report the transactions for tax purposes.