If you’re going through a divorce, taxes may be the last thing on your mind. But divorce involves many potential tax traps and pitfalls. Here are some things to know.
Don’t Let a Divorce be More Taxing Than Necessary
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Profit & Tax Blog
Tips to Protect Yourself From Tax Scams
Too many people downplay the threat of identity theft because it hasn’t been witnessed or experienced firsthand. This false sense of security can leave you exposed, especially during tax season. Here are some tips to keep your identity safe from scammers.
High Medical Bills? Consider These 3 Tips to Save
With increasingly high costs of medications, doctor visits and hospital stays, remaining healthy has become an expensive proposition. Fortunately, you can control some health care costs by following a few simple strategies.
Two Must-Dos When Hiring Your First Employee
Maybe you started a new business — solo or with a business partner. Now the business is growing and there’s just too much to do. You find yourself working long hours and still not keeping up. It may be time to make your first hire.
Claiming an Education Credit? Don’t Forget the Timing Rules
If You Plan on Claiming an Education Credit, Read On! The American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC) include timing rules for expense payments that you need to know if you plan on claiming either on your 2018 tax return. Know what...
Your 2019 Social Security Benefits Recap
If You Receive Social Security Benefits, Read On! The Social Security Administration (SSA) made a 2.8 percent increase to monthly Social Security and Supplemental Security Income (SSI) benefits for 2019. Take a look at some of the most significant changes as you...
Paying Your Tax Bill With Magic Beans?
Ohio First State to Allow Taxes Paid with Bitcoin If you pay attention to financial news, you can't escape hearing about Bitcoin and other cryptocurrencies. Bitcoin is just like country music, Justin Bieber, and pineapple on pizza — people either love it, or hate it,...
Carrots versus Sticks
The IRS Employs the Carrot vs. Stick Method Take a look at our Internal Revenue Code. No, really, take a good look. (You can buy it on Amazon: two thick paperbacks totaling 4,968 pages. You even get free Prime shipping!) At first glance, it's all about the...
Over-the-Top Thanks for This Tax “Break”
Wall Street Throwing Parties to Dodge Taxes Wall Streeters have a lot to give thanks for this holiday season. Earnings are up, so bonuses are up. And that, in turn, means taxes are up, too. The New York Post just reported that Wall Street Bankers Are...
LeBron James Scoffs at These Taxes
Taking Advantage of All Tax Breaks Available! If you were coaching your kid's basketball team, you wouldn't win many games if you told them to aim for the backboard. Your opponents might love you, but there would be at least one dad in the stands screaming at you the...
