10 Overlooked Tax Deductions That Will Save You Money

10 Overlooked Tax Deductions That Will Save You Money

KEY POINTS Don’t rush, and take your time during the tax filing process. Get a second opinion from your financial advisor. Take every deduction you can. If you’re like most Americans, you’d prefer to pay less in taxes each year. But, in the rush to get...
6 Simple Tips for Filing an Extension

6 Simple Tips for Filing an Extension

The April 15 tax filing deadline is fast approaching! However, if you don’t think you can finish your 1040 tax return by then, there is no reason to panic. You can simply file an extension, which will give you six additional months (until October 15) to file...
10 Common IRS Audit Flags

10 Common IRS Audit Flags

You may have recently read that the IRS is conducting fewer audits due to budget cuts. But, keep in mind that the IRS still audited more than 1.2 million returns last year! To prevent fraud, the IRS continues to increase their usage of automated programs to...
Investors Beware of the Wash Sale

Investors Beware of the Wash Sale

Most investors understand that if you sell a stock, mutual fund or security for less than what you paid for it, you can claim a loss on your tax return that can be used to offset capital gains on your other investments. Actively managing your portfolio to...
How To Qualify For The Affordable Care Act Premium Tax Credit

How To Qualify For The Affordable Care Act Premium Tax Credit

For many Americans, understanding the impact of the Patient Protection and Affordable Care Act (ACA) on their upcoming tax returns can seem like a daunting, unrewarding, or even punitive task – like studying exotic derivatives or discussing the finer points...


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