Could a Tax Credit Help Millennials Financially?

February 25th, 2015 at 4:52 pm — By admin

A lot of attention is being paid to Millennials, who, unlike their parents’ generation, are bucking the trend of graduating directly into lucrative jobs, settling down, buying a house and having 2.5 kids. Millennials, defined as young adults born between the early 1980s and early 2000s, are instead moving back in with their parents, struggling… Continue reading

Comment » | Tax & Financial News


The Most Important Tax Issues to Focus on This Year, According to the Experts

February 23rd, 2015 at 4:06 pm — By admin

Taxes are never a fun process, and there can be a great deal of confusion about how much to pay or how to get the most money back. With tax season in full swing, many people are finding themselves lost in a flurry of financial advice that’s hitting them from all directions and it’s difficult… Continue reading

Comment » | Tax & Financial News, Tax Tips


TurboTax Stops E-Filing Tax Returns Due To Fraud Concerns

February 13th, 2015 at 12:29 pm — By R&G Brenner

Intuit’s TurboTax–the leading do-it-yourself tax preparation software used by million of taxpayers–abruptly turned off the ability to file 2014 state tax returns citing “an increase in suspicious activity”.  This comes on heals of claims of “price gouging” by its customers which caused a major public relations uproar forcing the CEO of TurboTax to pen an apology. [Intuit] has found… Continue reading

Comment » | Tax & Financial News


Is a Higher Degree Still Worth It?

February 10th, 2015 at 2:00 pm — By admin

A great emphasis has been placed on the importance of a higher education degree over the last several decades, with the prevailing notion that a good paying job and solid career track are within one’s reach when clutching a college diploma. This long-accepted wisdom has spurred countless high school grads to move out of their… Continue reading

Comment » | Tax & Financial News, Tax Tips


Getting to Know Your W-2 Form

February 9th, 2015 at 4:28 pm — By admin

The Internal Revenue Service (IRS) requires all employers to provide employees with a W-2 form, which lists the employee’s income information for the previous year. It doesn’t matter how long you worked for the company; if you earn more than $600, your employer must issue you a W-2. If any of your wages were withheld… Continue reading

Comment » | Tax Tips


New Year’s Resolutions to Keep Your Wallet Full in 2015

February 2nd, 2015 at 2:58 pm — By admin

Keeping more cash in your wallet is within reach for everybody, and it’s never too late to start. In fact, the beginning of the year is a perfect time to make New Year’s resolutions about your finances because you actually have a better chance of keeping those promises if you start now. According to Time… Continue reading

Comment » | Tax Tips


TurboTax Losing Customers By Hiding Price Increases

January 20th, 2015 at 11:48 am — By R&G Brenner

TurboTax, the leading do-it-yourself tax software by Intuit, has caused an uproar with their customers claiming shady tactics of “price gouging” & “bait & switch”.  Intuit has removed popular tax forms from their Basic & Deluxe programs, forcing clients to upgrade their software by at least $30 in order to have access to the same forms… Continue reading

4 comments » | Tax & Financial News


How a Tax Loophole Allows Corporations to ‘Invert’

January 12th, 2015 at 3:08 pm — By admin

Imagine, as an American, choosing to become a teacher in Russia, or a tour guide in Italy. According to U.S. tax law, you would have to pay taxes on your earnings, just as you would if you worked domestically. Now, imagine you’re an American corporation which has just purchased a foreign company. You shift over… Continue reading

Comment » | Tax & Financial News


How Taxes on Recreational Marijuana Are Boosting Colorado’s Economy

January 9th, 2015 at 2:31 pm — By admin

The numbers are in, and the legal sale of recreational marijuana is, by all accounts, a success in Colorado, having earned $2 million in taxes related to the sale of recreational marijuana in just the first month of 2014. Unlike Washington State, which legalized the sale of recreational marijuana in the same 2012 election, Colorado… Continue reading

Comment » | Tax & Financial News


The Affordable Care Act Includes a Tax on Medical Devices. Is That a Bad Thing?

January 8th, 2015 at 10:00 am — By admin

Were one to listen to the bipartisan rhetoric that has been whipped up in the House against the Affordable Care Act’s 2.3% excise tax on medical devices, it’s easy to see how a relatively small tax can be enough to scare a whole lot of people. Everything from the claims of company closures to the… Continue reading

Comment » | Tax & Financial News


Back to top