So, what exactly are estimated taxes and quarterly estimated tax payments, who needs to make them, when are the deadlines, and how can you avoid penalties?

Keep reading for a comprehensive overview of your 2023 and 2024 obligations

The IRS Dirty Dozen is an annual list of the 12 most prominent tax scams threatening taxpayers and the tax preparation ecosystem at any given time.

To discover more about identifying shady tax preparers, safeguarding your information, reporting misconduct to the authorities, and selecting reliable tax filing assistance, continue reading below.

This year, as in years prior, the cost of education has only continued to rise. In fact, when you consider housing, books, food, and other living expenses, a school like Harvard can cost over $95,000 a year!

Waves of new pay transparency laws have been enacted in several states over the past few years. The exact details of wage transparency laws differ based on state and locality, but broadly they are all aimed at increasing pay equity.

After several years of a strong market and high valuations across various asset classes, many investors face a challenge: Where should they invest their gains to maximize returns while minimizing their tax liability?

In the over four years since a 2018 Supreme Court ruling cleared the way for the legalization of sports gambling, over thirty states and Washington, D.C. have done just that — with much more likely to follow in the short term.

Failing to understand the difference between cash flow and taxable income can significantly impact your financial planning and decision-making.

Noncompliance comes with substantial financial and reputational exposures, and, to make matters worse, UP compliance has been overlooked in the past. What’s more, every state has its own complex set of laws. That means even your accountant may be in slightly unfamiliar territory!

With the proper knowledge, taxpayers can take full advantage of the potential benefits of the Inflation Reduction Act.

Tax planning can be daunting for anyone, but for LGBTQIA+ individuals, there can be unique challenges and considerations to navigate.

Since the 2017 passage of the Tax Cuts and Jobs Act (TCJA), the U.S. tax code has seen dramatic changes impacting taxpayers and businesses.

With the filing season for the 2022 tax year officially underway, many Americans are already looking ahead to tax planning for the 2023 tax year.

All eyes are on the IRS this year, with interim Commissioner Douglas O’Donnell assuming leadership of a long cash-strapped agency now flush with billions of dollars of new funding and eager to crack down on tax evaders.

Understanding the tax implications of rental income is essential to being successful as a landlord.

47% of Americans feel anxious when they receive any correspondence from the IRS, with nearly a third worrying they will be audited despite feeling very confident that their tax returns are error-free.

If you live, work, or do business in multiple states, your income may be subject to the taxation requirements of various jurisdictions.

High-income taxpayers, will tax phaseouts affect your deductions or credits this year or the next? It’s an important and timely question.

With the end of the year approaching and the start of the 2022 tax filing season approaching, the window to get ahead of the game is almost shut.

Employee stock options, which allow employees to buy shares of the company they work for at a discounted rate, are an excellent way for employees to reap some reward from their employer’s success.

Raising children can be very expensive. Luckily, there are deductions available for some families with children could help reduce your taxable income.

A lot is happening these days, and it’s not always easy to keep up. This past year has been no exception.

When someone we care about passes away, there are many feelings we may experience as part of the grieving process. Usually, in such moments, tax returns are the farthest thing from our minds.

A lender canceling or forgiving a debt you owe can be great news. After all, you no longer have to worry about monthly payments, late fees, or accumulating interest.

Are you worried about your golden years? If so, you’re not alone. According to a survey, 66% of Americans worry they’ll run out of money in retirement, and 50% feel financially unprepared for an unexpected health expense.

If you are 70 ½ or older and enjoy supporting your favorite charities, you have likely heard the phrase “Qualified Charitable Distribution,” or QCD.

Do you pay a nanny, housecleaner, gardener, maid, babysitter, or another type of household employee?

As the holiday season looms, your mind may already be turning to the giving and receiving of gifts…and, of course, the tax implications thereof.

If you’ve reached the age where you can receive Social Security benefits, congratulations!

The recently-implemented Inflation Reduction Act brought about sweeping changes impacting U.S. taxpayers. Yet, one frequently-debated provision of the tax code ended up remaining unchanged, in spite of demands from representatives of high-tax states with Pass-Through Entity Tax (PTET) laws: the SALT cap.

Did the IRS hit you with a penalty related to your 2019 and/or 2020 tax returns? If so, there is some good news that may apply to you.

Being named the beneficiary of a person’s retirement plan is an honor and demonstrates that the person who passed away was willing to trust you with their life savings.

If you are considering a reverse mortgage, it’s essential to understand how it works.

Employee stock options can be a valuable aspect of a good compensation package.