The Significance of Releasing a Child’s Dependency
If you are a custodial parent, you may release a child’s dependency to the non-custodial parent for tax purposes. Watch this video for how your taxes may change.
Tax Planning
Video Tips: Tax Deadline Is Here – Do You Need An Extension?
If a taxpayer cannot file their tax return by the April due date, they can file for an extension of time.
Earn Tax-Free Income from Working Abroad
U.S. citizens and resident aliens are taxed on their worldwide income, whether they live inside or outside of the U.S. However, qualifying U.S. citizens and res
April 2022 Individual Tax Due Dates
Here are the April 2022 Individual Tax Due Dates
Video tips: Tax Deductions for Educator Expenses
Educators in kindergarten through grade 12 can take a tax deduction for their unreimbursed teaching expenses during the year. Watch this video for details.
Child Daycare and Taxes
Special tax benefits are available for those providing daycare services of children and the parents who pay for those services.
Read This First Before Tapping Your Retirement Savings
Your 401(k), IRA or other retirement accounts may be a tempting source for cash if you find yourself short of funds or have a major purchase you are considering. Read more.
Inheritances Enjoy a Special Tax Benefit
Stepped-Up Basis refers to a tax provision that allows beneficiaries of an inheritance to reduce or even avoid taxes when and if they sell inherited property. Learn more
Gambling and Tax Traps
Learn more about gambling winnings, losses and the potential tax traps.