Taxes are what you pay to the federal, state and local governments where you live. Different types of taxes include income taxes, capital gains tax, sales tax, estate tax and real estate taxes such as property tax. Learn how to bequest property and do transactions in a way that will help you pay less taxes and follow the law.
Tax Filing Tips and Advice from Tax Experts
Bill Nemeth, Merry Brodie and Chet Burgess joined Ilyce to discuss this year's tax filing season on the Ilyce Glink Show on February 23, 2014 on WSB Radio. Ilyce's show always contains various forms of personal finance advice but she invited three engaged and intelligent professionals to give tips and advice on tax filing this year. These [...]
Filing 2013 Taxes Online? Know the Pros and Cons of Using a Tax Pro
When I started my first job in the tax department of a national CPA firm, I was surprised to see people paying quite a bit of money for tax preparation. They were paying around $350 for tax services in order to file a tax return with only a simple Schedule A. That may not seem [...]
Tax Tips: Seven Tax Resolutions for 2014
One of the universal truths about all New Year’s resolutions is everyone seems to find it hard to keep them. While it’s not the end of the world if you don’t stick to your resolutions, there are some that you may want to work extra hard to keep. The seven tax resolutions you should make [...]
Is Donating Your Car Worth the Tax Deduction?
Whether they’re on the Internet, the radio, or TV, there are a lot of tax tips floating around. Not surprisingly, many of them aren’t worth following. Many people accept tax advice from all the wrong places rather than spending the money to hire a professional. This is a prescription for disaster—listening to bad advice could [...]
Need Tax Records Now? New IRS App Can Help
Do you need to get your old tax records right now for a mortgage application, car loan or student financial aid? In the past, you had to wait days or weeks to get your tax records in the mail from the IRS. But now your tax records, including returns and other filing information, are available [...]
How to Get Your IRS Transcripts a New Way
Tax season is right around the corner, so here’s how to get your IRS transcripts in a new way. The IRS just released an app called “Get Transcript,” and it allows any taxpayer to view, print, or download their own IRS transcripts online using a computer or smartphone. The breaking news is that now people [...]
Tax Tips: What to Look Out for This 2014 Tax-filing Season
While preparing for the 2014 tax-filing season, one of my clients received a notice from the IRS. It showed a balance of more than $1,200 due on her 2012 tax return, which made no sense because my client is meticulous about following instructions. Despite the fact that the IRS had reduced my client’s balance to [...]
What You Need to Know About the Child Tax Credit
When I was in elementary school, there was a boy in my class whose mother seemed to give birth to a new child practically every year. By the time we were in sixth grade, there were eight children in the family. I didn’t realize it then, but looking back I imagine their expenses must have [...]
Eight Tax Questions to Ask Before You Get Married
When two people fall in love, they tend to be blind to life’s realities. The last thing they want to do is bring up issues that might generate conflict, and let’s face it, the topic of taxes is definitely turbulent. Ask the tough tax questions before you get married After decades of working with people [...]
Financial and Tax Planning for the New Year
Financial and tax planning for the New Year are discussed on Ilyce Glink's radio show. Financial experts Virginia Savage McAlester, Steve Repak and Paddy Hirsch join Ilyce to discuss financial and tax planning for 2014 on the Ilyce Glink Show on December 22, 2013 on WSB Radio. Ilyce's show always contains various forms of financial and [...]