Forget "you're fired!" Who wants to hear "you're being audited?"
Often, even if you have your taxes professionally done, your H&R or what have you expert doesn’t ask you questions that would save you tons of money. So, you’ve got to be prepared yourself.
(Wall Street Journal) — It isn’t just the estate tax that’s scheduled to return on Jan. 1 after a one-year absence. A lesser-known companion levy will return as well: the generation-skipping transfer tax. Not surprisingly, affluent families are rushing to transfer wealth to their progeny before the year-end deadline. But while sidestepping the GST tax […]
(Smartmoney.com) — IF YOU’RE A high-income type, you’re probably painfully aware that many tax breaks are phased out (either reduced or eliminated) as your adjusted gross income, or AGI, increases. That’s the price of success, right? Well, not necessarily. Believe it or not, some tax breaks are available to just about anybody — regardless of […]