TaxTip

Pointers, prep tips and analysis from the experts who do this every day.

Audit
Oct 31st, 2014

Skeletons in Your Tax Closet

Ed note: As we celebrate this scariest holiday, we have one reminder. If you have these tax skeletons in your closet, April 15 might be far more terrifying than Halloween next year. Something taxing this way comes… just in time for Halloween. These are examples of mistakes commonly made with regard to taxes. Now, most people […]

American Opportunity Credit
Oct 29th, 2014

Baby Gone Viral: Internet Fame and Its Tax Implications

Ed note: Kids are funny. Seriously funny. And they always have been! The difference these days is that their parents have video cameras in their back pockets and access to a distribution network that reaches millions of people each day (see: the Internet). The result? Viral video fame for lots of people who haven’t reached […]

baseball
Oct 25th, 2014

What a World Series Win Could Mean For A Player’s Tax Bill

Ed note: Wee are still a little World Series crazy around here, as our Kansas City Royals head into another game against the San Francisco Giants. So forgive us for getting a little ahead of things and imagining what would happen to some of our favorite players at tax time if they pull out a […]

baby
Oct 23rd, 2014

Unmarried With Kids: Who Claims the Baby? [INFOGRAPHIC]

If you’re one to follow birth trends (and I mean, really, who isn’t?), there has been some interesting news as of late. The number of births to unmarried women has been falling, however, it’s now become more likely that those unmarried women aren’t truly single – they’re in a cohabiting relationship. In fact, for the first […]

Oct 22nd, 2014

Why Baby Might Pay Taxes Too – 3 Myths Corrected

Ed note: Having a child can be a great thing for your tax return (the credits!) but it can also introduce a lot of new complexity. This is especially the case if your child makes any money, whether through more regular forms of income or investment accounts. We address a few of the common myths […]

aca
Oct 6th, 2014

Los cambios de vida y el Mercado de planes de seguros de salud: Qué tienes que hacer

Nota del editor: Independientemente de lo que pienses sobre la Ley de Atención Médica Asequible (ACA, en inglés), esta generará nuevas cuestiones a tener en cuenta en lo que respecta a la temporada de impuestos. Esto es especialmente cierto para aquellos contribuyentes que han experimentado un cambio de vida importante durante el año. Aquí encontrarás […]