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.
Six Tax Resolutions for the New Year
It’s a fresh, clean new year. We indulged ourselves last month and ended the year with a blast. Now, it’s time to come back down to earth and face financial reality. Luckily, I have some tax tips you might find helpful as you try to stick to your financial goals and resolutions. 2012 brings us [...]
Last-Minute Ideas for Saving Money on Your Taxes
How many times have you read articles about saving money on your taxes at the last minute? Are you bored out of your mind by repeatedly reading about the same things? Well, as it happens, the same things tend to work and make sense for saving money all year. Are there any new ideas I [...]
Tax Tips: Tax Implications of a New Baby
Babies bring us happiness—and tax benefits. I have a number of tax tips that will help you figure out the tax benefit you’re entitled to with a new baby. It’s just a little added bonus to your bundle of joy. Tax Tips: What are some tax benefits for parents? The dependency exemption is worth $3,700 [...]
Ilyce Glink Show – Tax Questions Answered – November 13, 2011
Merry Brodie and Bill Nemeth on the show. 2011 Tax Questions Answered. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show November 13, 2011 on WSB Radio. As 2011 winds down, this week's show was dedicated to giving listeners an opportunity to have their tax questions [...]
Tax Questions Answered on the Ilyce Glink Show
Today, we're answering your tax questions on the Ilyce Glink Show. We have Merry Brodie, an Enrolled Agent and owner of several Jackson Hewitt Franchises in the Atlanta area, and Bill Nemeth, an Enrolled Agent who is president of the Georgia Association of Enrolled Agents (4GAEA.org). What is an Enrolled Agent? Here's a summary from [...]
Tax Tips for Your Job Search
Job seekers are facing a tough market that doesn’t appear to be getting any better. In September, the U.S. unemployment rate was 9.1 percent, per the Bureau of Labor Statistics. Dig deeper. The real unemployment rate (U-6) is closer to 16.5 percent. About one in six people are unemployed or underemployed. For job seekers, here [...]
Tax Tips and Tax Consequences of Failed Businesses
I’m always being asked for the best tax tips to manage financial losses. In a recent edition of TalkBiz News, Paul Myers described a common problem—paying someone thousands of dollars and getting nothing in return. He wrote: One guy I spoke with recently spent $7,000 with someone who failed to deliver anything he promised. The [...]
Teens and Taxes: Do I Need to File Taxes?
This article was written by guest blogger Eva Rosenberg. My brother and I have been working since we were in our early teens. Like many teens, not knowing anything about taxes, I just let my dad take care of any necessary filings until I moved out at age 18. When Should You Start Filing Tax [...]
Tax Implications of Quit Claim Deed: Better to Inherit Property
It's better to inherit property from your parents or family members rather than receiving it through a quit claim deed. The tax implications of receiving a property through a quit claim deed are much greater than inheriting a property. When estate planning, it's better to put the property in a will or trust, rather than transfer the property through a quit claim deed.
New Year’s Tax Resolutions
In terms of taxes, 2010 was quite a roller coaster. More tax acts, encompassing more laws, were passed in 2010 than in any other year, except perhaps 1986—the year the United States Internal Revenue Code was overhauled in the Tax Reform Act. Did you have a good tax year? Did you get back as much [...]