Article Published by: mjscpa.com The main reason that people purchase life insurance is to know that in the event of their passing, their children and loved ones will be taken care of. Life insurance can also help with the distribution of your estate. Your payout could...
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Article Published by: bankrate.com The stars have aligned, and finally you’re set to collect a meaningful bonus for your hard work. Now you can take that vacation you’ve dreamed of, pay off a loan or help build your savings. Or can you? The answer depends in part...
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Article Published by: cnbc.com If you can't pass a simple five-question quiz on Social Security retirement benefits, you're not alone. Almost half of adults ages 50 and above — 47 percent — failed the quiz that mutual life insurance company MassMutual recently sent out in an...
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Article Published by: Nasdaq.com Once tax season is over, people often start to wonder how many years of financial documents they need to save. There are some best practices for what to save and what to shred. If you don’t own a shredder, buy one. If you...
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Article Published by: money.cnn.com You are a proud penny pincher. You are practical and methodical when it comes to saving and spending. Maybe even a little too much. Your partner, on the other hand, is more of a spender. That can be a problem. "Let's face it,...
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Article Published by: marketwatch.com Say you have an unincorporated sideline activity that you think of as a business. If your expenses from the activity exceed your revenues, you have a net loss. You may think you can deduct that loss on your personal federal income tax...
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Article Published by: taxpayeradvocate.irs.gov Effective Use of the Offer in Compromise (OIC) Program Will Save Valuable IRS Resources While Bringing Finality to Taxpayers When a taxpayer can’t afford to pay a tax liability in full, Internal Revenue Code (IRC) § 7122 authorizes the IRS to accept...
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Article Published by: richmond.com The April 18 federal tax-filing deadline has come and gone. Your taxes are paid, and maybe you have your refund in hand. Nothing to do now but sit back and chill for eight months or so, right? The Internal Revenue Service respectfully disagrees. Given...
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Article Published by: mjscpa.com Each year, millions of taxpayers claim an income tax refund. To be sure, receiving a payment from the IRS for a few thousand dollars can be a pleasant influx of cash. But it means you were essentially giving the government an interest-free...
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Article Published by: consumerreports.org If you submitted your taxes on time, you’re probably keenly aware of your financial situation and ready to move on. But it may be a good idea to think about taxes a little longer and start figuring out how to reduce them...
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