Finance

If you want to minimize receiving taxable distributions from mutual fund investments, tax-efficient funds should be considered for your investment portfolio. In tax-efficient investing, the focus is not on what you earn but what you are able to keep. The objective is to produce the best after-tax returns. Such mutual funds apply to investments outside … Read more

Getting married is the greatest day for 50 percent of couples. The other 50 percent get divorced. Perhaps the marriage tax penalty has something to do with it. Family Values Hardly For all the chatter from politicians about family values, it is ironic that the tax code actually penalizes people for getting married. At its … Read more

According to business analysts, the home-based business trend is on the rise and a lot of people are jumping onto self-employment. The news is not surprising since there are many advantages in being self-employed and owning your own business. Aside from the fact that you can actually call something your own, there is also the … Read more

Many people just assume their accountant will cut their taxes as much as possible. To get the biggest benefit from them, you need to be a bit more proactive. Make Your Accountant Your Best Friend Accountants tend to come in two types. The first is a reactive accountant, one that waits for you to send … Read more

Many people are already aware of the benefits of investing in a state-sponsored 529 college savings program. What might not be as well known yet are tax parity laws. Numerous states give up-front state tax deductions or credits to residents who enroll in their own state-sponsored 529 plans. But until April, no state allowed residents … Read more

Flexible-benefits Plan (FBP) is an employee benefits plan which helps the employees’ to save considerable amount of taxes by paying certain expenses from their pre-tax income. Some of the eligible expenses from pre-tax income are medical, vision, dental, elder care, and dependent care. All state employees who get a regular paycheck are entitled to participate … Read more

If you have an email account, and who doesn’t, you are use to receiving scam emails. Well, here is one using the IRS name to watch out for over the next few months. Latest Email Scam Using IRS Name No matter how hot it is outside, nothing sends a chill down a person’s back like … Read more

Yes, that’s right, it’s that time of year nobody loves – tax time! No, this is not too early to think about it, especially if you have money coming to you. All right, so it’s not fun to think about doing your taxes. But there is a distinct advantage to getting an early start – … Read more

If you have an email account, you know about all the scam emails you get. Scammers are getting braver and using the IRS name in their new tactics. IRS Warning Taxpayers About New Email Scams The IRS has begun warning taxpayers that it is seeing a surge in tax scam emails. Many of the emails … Read more

Obviously, you use the Internet or you wouldn’t be reading this article. Since you use the web, you know about phishing scams or should. Some scams are now using fake IRS identification. IRS Wants to Know About Fake Emails Using IRS Name The IRS has sent out numerous press releases and warning about phishing scams … Read more