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Avoid costly mistakes with sudden wealth
The winner of last week’s Powerball lottery took home a cool $425 million dollars (before taxes of course). While most of us might not expect to win the lottery, it ... -
Reduce your chances of an audit
Tax season is upon us and both taxpayers and preparers have begun compiling income tax statements in order to meet the upcoming April 15 deadline. More than 243 million tax ... -
Managing your own personal debt ceiling
With the United States officially reaching its debt ceiling limit of $16.4 trillion, Congress has been working to allow the Treasury Department to borrow new money until mid-May. This essentially ... -
Don't let the holidays ruin your credit
For many retailers, the holiday season is the first time during the year when they become profitable. For consumers on the other hand, the holidays often lead to excessive spending ... -
Flexible spending accounts can help tax burden
Year-end is an ideal time to assess your benefit options for 2014 including life, health, and other cafeteria plans that may help reduce your tax liability. One effective, yet often ... -
Debt deal sets up next fiscal fight
The last-minute debt deal reached by Congress on Oct. 17 reopened the government, extended the debt ceiling and averted a default. While many analysts and investors applauded the resolution, others ... -
Red flags may prompt IRS audit
In an effort to increase revenue and combat tax fraud, the federal government actively audits returns. While the overall audit rate for individual returns is approximately 1 percent, ignoring the ...
