Tax Planning

How tax planning can put more $ in your pocket

Judging from some of the tax returns we see, many people seem to be of the opinion that it's a good idea to give the government an interest-free loan every year. Read »

2007 tax law changes – Some good, some not

As in most years, numerous changes in U.S. income tax laws have recently gone into effect, and some of these changes could directly impact you. Read »

Do you know about the EFTPS?

The Electronic Federal Tax Payment System (EFTPS), created by the U.S. Treasury, provides an easy way for individuals and businesses to make virtually all federal tax payments. Read »

2006 Telephone Tax Refund

A one-time "telephone tax refund" is available to eligible taxpayers on their 2006 federal income tax returns. Read »

For some, 'AGI' means 'AGH!'

There's a little number at the bottom of Page 1 of the federal 1040 tax form that we're obsessed with this time of year. Read »

You filed your tax return – Now what?

Congratulations! You finished the annual ritual of filing your income taxes. Now you can put these annoying financial matters out of your mind for another year and focus on the start of the baseball season, right? Read »

Required Minimum Distributions from IRAs

Severe penalties may apply if you don't take IRA distributions when required Read »

Potentially higher tax rates during retirement pose risks

For many years, defined contribution plans, such as a 401k or 403b, have flourished based on the as­sumption that pre-tax savings would result in substantial tax benefits in retirement. Read »

Tax diversification made easier by new tax law

Previously, only taxpayers with income below certain levels were eligible to contribute to a Roth IRA, or to convert a traditional IRA to a Roth IRA. A new 2006 tax law removes this limit, enabling even high-income individuals to diversify their income tax exposure. Read »

Don't buy a tax liability

This time of year can be a danger-ous one for mutual fund inves­tors. Read »

As Congress fiddles, taxpayers get burned

Posturing over the war in Iraq, running for re-election and, yes, commissioning a special study of the life of Cesar Chavez (H.R.359) have distracted our representatives this year from fixing the tax code. Read »

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