Taxation

If you owe federal tax, the IRS offers many easy ways to pay. Make sure you pay by the  April 18 deadline, even if you get an extension of time to file your 2015 tax return. Continue reading.

If you’re among the nearly 15 million self-employed people in the United States, you will likely have to submit your own estimated tax payments throughout the year. Here’s an explanation of [...]

How much does it cost to raise a child? You may already be aware that it’s a lot, especially as you spend money each day on things such as day care, extracurricular activities and new clothes for [...]

In an article last December, we highlighted some tax changes for 2015 that were enacted in the Protecting Americans from Tax Hikes (PATH) Act, which included the renewal of key taxpayer-favorable [...]

Well it’s not that straight forward. But under the latest tax bill signed by President Obama last December, the Department of State can deny a passport or revoke any passport previously [...]

Each year many taxpayers overpay their taxes by overlooking some important deductions. We like to share this article from Kiplinger’s every year. It’s their most-overlooked tax [...]

What happens when twins are born three minutes apart, but in different years? This article from Forbes explains this quirky tax situation. Continue reading.

Late last week Congress passed a massive tax and spending bill and sent it to President Obama, who promptly signed it in to law. The $680 billion tax package will extend dozens of breaks touching [...]

As 2015 winds down, now is the time to think about some year-end tax planning moves that can help you save some tax dollars.

President Obama has proposed that U.S.-based companies pay a one-time 14% tax on the overseas earnings that they have accumulated. It is estimated that U.S. firms have stockpiled about $2 [...]