Category: News

Fraud Alert: Scammers want to take your vacation

Buyer beware! Both the Better Business Bureau and the Federal Trade Commission have issued warnings about vacation fraud. By some estimates, this type of scam costs travelers over $10 billion each year.

Back-to-school Tax Breaks & Supreme Court Challenge

Education tax planning can optimize the available breaks for saving and paying for school expenses. Here are some tips.

Tax News: Certain disabled get a new tax break

The “tax extenders” legislation that became law in December 2014 included the “Achieving a Better Life Experience Act” (also called the ABLE Act). This law provides for tax-exempt accounts that can help you or a family member with disabilities pay

Tax News: IRS announces 2015 mileage rates & Nanny Tax

IRS announces 2015 mileage rates The IRS has announced the mileage rates that are to be used for business, medical, moving, and charitable driving in 2015. The rate for business driving increases from last year’s 56 cents a mile to

Congress approves tax extenders through 2014

In its final session of the year, Congress extended a long list of tax breaks that had expired, retroactive to the beginning of 2014. But the reprieve is only temporary. The extensions granted in the Tax Increase Prevention Act of

No bankruptcy protection for inherited IRAs

Your retirement funds are protected from creditors even if you file for bankruptcy, with only a few limitations. This protection extends to funds in all government-qualified pension plans, including IRAs (traditional and Roth), 401(k)s, 403(b)s, Keoghs, profit sharing, money purchase,

Scam Alert: Scam artists target seniors

Scam Alert: Scam artists target seniors

Seniors are a favorite target of scam artists. According to one survey, seniors over the age of 60 have lost nearly $3 billion a year to financial fraud. Here are a few of the tactics used to bilk seniors of

Health care reform deadline extended again

On February 10, 2014, the Treasury Department issued rules that will allow certain businesses to delay for one more year the requirement to provide minimum, affordable health insurance to their workers.

Don’t fall for bogus IRS e-mails and websites

Crooks wanting to steal your identity are using bogus e-mails and websites designed to look like genuine IRS communications…

Tax legislation gets us past the fiscal cliff – for now

The American Taxpayer Relief Act of 2012 approved by Congress just after we plunged over the "fiscal cliff" restores and modifies several expired tax breaks, but doesn't address other issues. Here are the highlights of the new law's provisions for individual taxpayers…