6 Red Flags That Can Get You Audited

Personal Finance

6 Red Flags That Can Get You Audited

6 Red Flags That Can Get You Audited

There’s nothing quite as heart-stopping as a notice from the IRS. Sometimes it’s to raise a question about an item on your return; other times you may get a notice that you owe money. If you’re really unlucky, you may find out the IRS is auditing your return. Fortunately, about 80% of audits are simply… Read More

7 Ways to Cut Your Tax Bill

Personal Finance

7 Ways to Cut Your Tax Bill

7 Ways to Cut Your Tax Bill

We all complain about how many of our hard-earned dollars go to Uncle Sam. However, with a little time, research and proper planning, we can learn how to keep more of our money when tax time rolls around. 1. Use a Certified Public Accountant I often wonder why couples will spend $200 to go out for… Read More

5 Tax Myths That Can Cost You

Personal Finance

5 Tax Myths That Can Cost You

5 Tax Myths That Can Cost You

Tax myths are a lot like a bad date. They are annoying and seem to last forever. Yet people have beliefs about income taxes that have no basis in reality. Were it not for the potential financial costs, some of these might be amusing. But if you believe them and act upon them, they can… Read More

How to Put Your Tax Refund to Good Use

Personal Finance

How to Put Your Tax Refund to Good Use

How to Put Your Tax Refund to Good Use

It’s everyone’s favorite time of year again – tax season! After the hard part of getting your documents together and filing your taxes, you may discover that you are one of the lucky ones who will receive a sizable tax return. Although you may be tempted to go out and spend the money right away,… Read More

TurboTax Suspends State Tax Filing Over Fraud Concerns

Identity Theft

TurboTax Suspends State Tax Filing Over Fraud Concerns

TurboTax Suspends State Tax Filing Over Fraud Concerns

Tax ID theft is reaching epidemic proportions. Well, it did last year when the IRS issued seemingly endless warnings about it. Now, TurboTax announced it has paused state tax return filing for people who use the software after it received complaints of “suspicious filings.” The firm said its own systems weren’t hacked, and that it… Read More

Are You Paying Your Nanny Illegally?

Personal Finance

Are You Paying Your Nanny Illegally?

Are You Paying Your Nanny Illegally?

If you employ a nanny, chances are good that you’re paying him or her under the table. Kerri Swope, senior director of Care.com HomePay estimates that just 20% of nannies are paid the way the U.S. government requires. Other sources put the estimate even lower. The chances of getting caught are slim — it usually… Read More

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