Category Archives: Taxes – General

It’s that time of the year again!

We’re at the end of another year! Usually at this time I’ll remind you of stuff and explain you some stuff. So instead of repeating myself, I decided to put together a least of my prior articles that are relevant … Continue reading

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No more “free loans” from your multiple IRAs

Starting with 2015, the IRS will start enforcing the new interpretation of the law which forbids the practice of taking “free loans” from multiple IRA accounts. What does it mean? For a long time there’s been a practice of taking … Continue reading

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“Red States” may make their poor poorer. Thanks, GOP!

Not many noticed, with all the latest news storms from Ukraine and the Middle East, but something happened in the courts on the East Coast of the US. Two specific ones, actually: US Court of Appeals for the 4th Circuit … Continue reading

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How to choose your tax preparer?

We’re at that time of the year again, where everyone is trying to get the most of their tax refunds. Many people are doing it on their own, and I wrote a couple of articles on how to choose the … Continue reading

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Great new service from the IRS – get your account transcripts online!

  Update: This service is no longer available.

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Its that time of the year again, and once again I appeal to your generousity

At the end of the year, many Americans remember that they can reduce their tax bill by donating some money or property. While reducing the tax bill is a worthy cause, charity is a cause on its own. So this … Continue reading

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The Roth IRA loophole – retirement planning for high earners!

It is a very well known truth that in the US you have no-one to rely on but yourself when it comes to retirement. Sure, you accumulate some Social Security benefits, but they’re nowhere near to bringing you to a … Continue reading

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IRS published information pertaining the ACA provisions (ObamaCare)!

There’s a lot of (mis)information floating around about the tax effects of the Affordable Care Act (AKA ObamaCare). Finally, there’s some reliable information on the IRS site that can help us understand the tax-related provisions of the law. You fan … Continue reading

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Tax deadline is almost here, and you’re still not ready. What to do?

How to request an extension to file your Federal and State tax returns? Do you even need to ask? And how much does it cost? All these answered. Continue reading

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Tracking your tax return, tax refund and amended return

Tracking your tax return, tax refund and amended return Continue reading

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