Married Filing Jointly vs. Married Filing Separately
As the year draws to a close and you (hopefully) start organizing your taxes, one of the determinations that you will have to make is what your tax filing status will be when you file your taxes. Different rules about tax brackets apply, depending […]
Are Your Credit Card Rewards Taxable?
As the year draws to a close, and as many consumers start thinking about their taxes, one question asked is whether or not your credit card rewards are taxable.
Earlier in 2012, the issue of taxable credit card rewards was raised when Citi sent out 1099-MISC forms […]
How to Deduct the Value of Charitable Goods & Lower Your Tax Bill
When it comes to donating to charity, you don’t have to limit yourself to giving money. Indeed, many charitable organizations can use donations of goods. Going through what you have at home can result in a generous and needed donation – as well as provide you with the opportunity for a tax deduction.
Realize […]
How to Become a Tax Whistleblower for the IRS
Every year, millions – perhaps billions – of dollars in tax revenue go uncollected because of questionable practices that allow for tax evasion. However, the IRS has been hoping to reduce that amount, and encourage whistleblowers to come forward and share what they know.
While the program hasn’t been as […]
Do You Owe the AMT?
One of the most confusing aspects of our tax code is the alternative minimum tax, or AMT. The AMT is actually a tax system that runs parallel to the current code. The point of the AMT is to make sure that certain taxpayers actually pay a minimum amount of tax. (Although, like […]