May 2013
Now that many of you have completed 2012 tax returns, this would be an excellent time to consider the "what if's". What if I had made higher automatic monthly retirement contributions; what if I tracked my meals, entertainment, medical or sales tax expenses more closely? Could a little time organizing records now save time next April? What single step can I implement now that will reduce my 2013 taxes?
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Featured Articles
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Avoiding the 401K Apocalypse
What does going to the emergency room and your 401K plan have in common?? Most of us have no idea what they cost!
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I-9 New Employment Form
On March 8, 2013, the U.S. Citizenship and Immigration Services (USCIS) released a revised version of Form I-9, Employment Eligibility Verification. It is required that employers use Form I-9 to verify the identity and employment authorization eligibility of their employees.
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Planning for a Mid-Career Break
Have you ever considered taking a mid-career break; starting a new business, going back to school, travel, a research sabbatical, maternity/paternity leave? A mid-career break can be full of uncertainties, but starting with a well thought out plan can reduce your anxiety.
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Paying Taxes on Household Helpers
If you employ someone to work for you around your house, it is important to consider the tax implications of this arrangement. While many people disregard the need to pay taxes on household employees, they do so at the risk of paying stiff tax penalties down the road.
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What to Do If You Haven't Filed an Income Tax Return
Filing a past due return may not be as difficult as you think.
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Don't Be Fooled: The Dirty Dozen Tax Scams for 2013
Although the 2012 tax season is officially over, tax scams unfortunately are not, which is why the IRS issues an annual "Dirty Dozen" list that includes common tax scams affecting taxpayers.
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Turn Your Vacation Into a Tax Deduction
Tim, who owns his own business, decided he wanted to take a two-week trip around the US. So he did--and was able to legally deduct every dime that he spent on his "vacation". Here's how he did it.
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Tax Tips
