Members of the Armed Forces Get Special Tax Benefits

Members of the military may qualify for tax breaks and benefits. Special rules could lower the tax they owe or give them more time to file and pay taxes. In addition, some types of military pay are tax-free. Here are some tips to find out who qualifies: 1. Combat Pay...

Tips on How to Handle an IRS Letter or Notice

The IRS mails millions of letters every year to taxpayers for a variety of reasons. Keep the following suggestions in mind on how to best handle a letter or notice from the IRS: Do not panic. Simply responding will take care of most IRS letters and notices. Do not...

CAUTION: LANE CHANGE AHEAD

Life events happen and they usually have significant impacts on your tax situation. Did you know that your marital status as of December 31st of the tax year determines your filing status? If your wedding to your beloved takes place on December 31, then you must file...

ENTREPRENEURIAL LIFE

When I talk to people about owning my own business, they often ask if I love it. Truth? I do. Very much. However, there are moments I’d like to just chuck the whole operation and go back to a 9 to 5. These moments are fleeting; afterwards, I have flashbacks to my...