ARTICLES

Most Americans are well aware that our founding fathers were not too keen on the taxing policies of the British government. One draconian measure passed by Parliament in 1784 during the reign of George III was the Hat Tax. The tax was designed to...

Some employers who are seeking to snare top talent offer deferred signing bonuses - often in the form of loans - to key employees. The loans are scheduled to be forgiven later, after the employees prove their commitment to the new organization. A...

Owners of qualified small business stock, other than shareholders who are corporations, may elect to roll over capital gain from the sale of the stock. To qualify for rollover treatment, replacement small business stock must be purchased within 60...

The Departments of Treasury and Labor have unveiled two executive actions to expand the transparency of 401(k) fees and broaden the availability of retirement plan payout options. The purpose of these actions is to encourage the use of annuities to...

It's that time of year again when some tax preparers fill your television with commercials touting "big refunds." While a large tax refund may sound like a good deal, keep in mind that a refund is your money. The only reason you get a refund...

The Internal Revenue Service released IRS Tax Tip 2012-12, Tax Help 'en Español,' on Jan. 19, 2012, as an addition to the plethora of tax tips and other information it publishes to assist taxpayers attempting to comply with the federal...

It pays to remember that charitable contribution deductions have fairly strict substantiation requirements. For a transfer of property to a charitable organization to qualify for a deduction, the charitable, or donee, organization must substantiate...

Life insurance and taxes can be a mind-numbing and confusing combination for most people. Normally, the death benefit received from a life insurance policy is not considered taxable income. However, income can be taxable when you cash in the policy...

The IRS has launched a new online search tool - Exempt Organizations Select Check - to help users more easily find information about tax-exempt organizations. You can now go to one location on IRS.gov to search for the following information:...

If you operate a business and you paid any service provider at least $600 for services during 2011, you must provide Form 1099-MISC, Miscellaneous Income, to the provider no later than Jan. 31, 2012. However, if the provider is a corporation,...

Many young girls play with dolls. Many young boys play with action figures. Is there a gender bias in the tax law? Most toys - dolls and action figures included - are manufactured overseas and imported into the United States. The Harmonized Tariff...

The IRS has issued a notice providing interim guidance on reporting information to employees about the cost of their group health insurance coverage. This guidance restates and updates earlier guidance issued late in 2010. Beginning in tax year...