- Will You Owe the Alternative Minimum Tax?
Established in 1969, the Alternative Minimum Tax was originally intended to prevent wealthy Americans from shortchanging the federal government at tax time. Generally, taxpayers can take advantage of credits and deductions to reduce their tax liability and lower their taxable… read more…
- Tax Filing: DIY or Hire a Professional?
Making sense of the federal tax code is no easy task and with so many new changes taking effect, figuring out what you owe may be even more difficult. Tackling the job yourself can save you money on tax preparation… read more…
- 6 Common IRS Audit Triggers
Tax season is underway and the IRS is hard at work processing the millions of returns being filed. While most returns will be accepted without a second glance, a select group of taxpayers will find themselves subject to closer scrutiny… read more…
- How to Lower Your Property Taxes
Let’s start with the good news: your house has most likely increased in value over the last couple of years. While the recession knocked most property values down to early 2000s levels, most of the country has recovered and home values have increased each year. The bad news is that your property taxes probably jumped… read more…
- What Is a Living Trust and Do You Need One?
A living trust is a financial instrument used to make sure your money goes to the right people when you die. No one likes to think about dying but when it comes to managing your finances, you have to be… read more…