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Some Hidden Tax Implications of a Divorce
Divorces are a difficult experience for the parties involved, especially when there are children and property to decide on. Due to the psychological and emotional pressure that goes with a divorce,...
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Lessons from Top 3 Tax Mistakes when Filing Taxes
“Everybody makes mistakes” is a common saying that many individuals, who end up in a mess they create, normally turn to for solace. Unfortunately, when it comes to taxes, it is acceptable but comes...
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2013 Retirement Saving Plans Adjustments
It is officially the first day of the new year and 2013 has finally arrived. With this new year, some adjustements were made by the IRS, in particular, to retirement taxes. Many baby boomers worry...
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Common Tax Mistakes when Filing Taxes You Should Learn From
It is only human to make mistakes, and people try to learn from these mistakes to avoid committing them in the future. However, there are times when some tax errors can result in painful consequences...
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Valentine Gifts May Save You Some Money!
Valentine’s Day is tomorrow and couples look forward to the cake, corny cards, chocolate and candy. Here is another innovative way to sweeten valentines even more: there are gifts that can actually...
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Fundamentals of Retirement Tax Planning
Most taxpayers facing financial hardship might be forced to turn to their retirement savings as a last resort to either partially or fully supplement their living expenses. However, this is normally a...
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Tax Consequences of Making Early Withdrawals from Your Retirement Accounts
Tough economic times have made financial life difficult for many Americans. Countless individuals are either unemployed or underemployed. The cost of living has been on a steady rise, but the...
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Money Saving Tips with Your Taxes
Taxes can be burdensome, especially if you are unable to pay. You can trim down taxes using a number of tax strategies, which can best be realized with high levels of tax knowledge. Some of the...
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Working After Retirement and Social Security Benefits
The diligent ones who always work hard find it very difficult when they are “forced” to retire because of age to just sit at home after retirement, even if they are financially secure and do not need...
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Divorce and the Tax Consequences: Watch Out!
Divorce can be devastating and a hard blow to accept, as life changes drastically. You can divorce multiple times in a lifetime, but you can never “divorce” Uncle Sam. You have to therefore, pay...
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