TaxTip

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

college
May 16th, 2014

Job Expense and Other Deductions for New (and Not-So-New) Graduates

Ed note: Finishing college might be one of life’s most bittersweet moments. No longer will you be just five minutes away from your few thousand closest friends. No more sharing meal plan points. No reason for all-night cramming sessions before a test. Ok, maybe that last one is good news. We also have more good […]

atrasado
May 14th, 2014

Opciones para el pago de impuestos atrasados

Nota del editor: Es completamente razonable estar un poco atemorizado si le debes dinero al Servicio de Impuestos Internos (IRS) y crees que simplemente no podrás pagar. Lo que asusta es que la deuda no desaparecerá. Es mucho mejor elaborar un plan de pago para reducir lo que se te cobrará en intereses y multas. […]

debt
May 13th, 2014

What Happens When You Owe the IRS

Ed note: It’s completely reasonable to be a little scared if you owe money to the IRS and feel like you simply can’t pay. In this two-part series, we look first at why it is important to face the tax bill instead of trying to pretend it doesn’t exist. Leer en español. Maybe you knew you […]

Adoption
May 8th, 2014

Celebrating Mom with Money Tips

It’s nearly Mother’s Day! In honor of all the mothers out there, we wanted to put together some of the most common ways being a mom benefits you at tax time. Leer en español. If your wife or mother wants more than the gift of knowledge this Mother’s Day (umm, who doesn’t?), we also have […]

betting
May 2nd, 2014

The 2014 Kentucky Derby: Inside the Numbers

Ed note: Betting on horse racing is its own breed (bad pun?). Brad Polizzano breaks down what you need to know before the Kentucky Derby tomorrow. And they’re off! Tomorrow marks the 140th running of the Kentucky Derby. Called “The Fastest Two Minutes in Sports,” the Derby is the first leg of the annual Triple […]

credit
Apr 28th, 2014

Tax Questions, Answered: Home Issues

Ed note: The experts at the Tax Institute have answered more of your questions, this time around home deductions and credits. A Non-Rental Rental? Question: After being unemployed for some time, I moved to another city where I work and rent an apartment. I kept my house.  My unemployed son lives there.  I continue pay […]