Skip to content
Trusted Answers From Licensed Business Professionals

Should I Withdraw From My IRA or 401K to Pay Down Debt?

This is a common question that frequently crosses our desk. Individuals with credit card debt often consider withdrawing from their retirement accounts to pay down debt. While this may seem like a simple decision, there are many factors and costs to consider before withdrawing. Read More.

Share |

The Alternative Minimum Tax May Affect More People


The alternative minimum tax (AMT) could start impacting an even larger group of taxpayers for the 2012 tax year. This archaic tax was originally created as a way to ensure that wealthy taxpayers couldn't take advantage of tax loopholes and instead pay a minimum amount of federal income tax. While there is basis for the intent of this tax law, it is one of the most poorly designed laws since it has not been adjusted for inflation. Find out if you might get hit up for the AMT for the 2012 tax year. .
-or-
Share |

Which States Offer Retirees the Greatest Tax Benefits?

For those living in the Northeast, the common practice is to move to Florida during your retirement years since there is no state income tax and the weather is warm. However, that’s not necessarily the best course of action for all retirees as their specific set of circumstances should play a large role in this decision. Which state should you retire in for tax purposes? Read More.

Share |

What Job-Hunting Costs Can I Deduct on My Tax Return?


The labor market is still struggling with elevated levels of unemployment. That means that there should be a large number of individuals looking for work in addition to those already in the labor force and looking to upgrade. Searching for jobs can be expensive. Find out what costs are deductible. .
-or-
Share |

Do You Have a Grandfathered Health Insurance Plan?


The new health care law has brought on a barrage of new questions for covered individuals and employees. One topic that hasn't been discussed much is the consequences for having a grandfathered health insurance plan. It just so happens that grandfathered plans escape some of the provisions of the new law. .
-or-
Share |

When Should I Purchase My Airplane Ticket for 2013 Travel?

The increasing number of mergers and acquisitions being executed in the airline industry should gain the attention of frequent travelers. Industry consolidation has historically preceded a lengthy period of higher fares. It’s not always just oil prices. What can you do to find the best price for your next flight? Read More.

Share |

What Should I Do If I Inherit a Property With a Mortgage?


While the housing market is showing signs of improvement, there are still many homes that are underwater. This can complicate things for those that recently inherited a property. Are the beneficiaries liable for these debts? .
-or-
Share |

Amazon Will Begin Collecting California State Sales Tax

state-use-tax-law

Today will be the last day for Amazon consumers to avoid paying state or local California sales tax. Will Amazon implement this policy for other states too? Read More.

Share |

What Are The Tax Breaks For Donating a Car to Charity?


tax-deduction-for-donating-your-car
It used to be that you could just deduct your old clunker based on the Kelly Blue Book fair market value on Schedule A of your form 1040. Things have changed, thanks to those that took advantage of this seemingly straightforward tax break. .
-or-
Share |

Are You a Passive Real Estate Investor Prepared for 2013 Taxes?


real-estate-investors-2013-taxes
Real estate is one asset class that will be impacted by rising tax rates in 2013. Those that passively invest in properties, need to understand how they could be paying higher taxes very soon. .
-or-
Share |