Self-Prepared Tax Returns What Makes the Most Sense to You? We were curious how much the average American household spends on income taxes. Looking at data released in August by the Bureau of Labor … [Read more...] about Self-Prepared Tax Returns – What Makes the Most Sense to You?
PA Dept. of Revenue (DOR) Continues to Challenge Taxpayers Claiming Unreimbursed Employee Expenses
The PA DOR believes that an employer seldom requires an employee to incur expenses on behalf of the employer that it is not willing to reimburse the employee. Accordingly, the requirements to claim … [Read more...] about PA Dept. of Revenue (DOR) Continues to Challenge Taxpayers Claiming Unreimbursed Employee Expenses
Flexible Spending Account (FSA) vs. Health Savings Account (HSA)
FSAs and HSAs allow taxpayers to make tax-free contributions to pay for out-of-pocket (co-pays and deductibles) medical expenses. The monies contributed to these plans are shielded from personal … [Read more...] about Flexible Spending Account (FSA) vs. Health Savings Account (HSA)
How to Lose Social Security Benefits
If you are self-employed and procrastinate filing your personal income tax returns, you not only run the risk of losing a tax refund because your Form 1040 return was filed after the statute of … [Read more...] about How to Lose Social Security Benefits
Crypto Currency and Taxes
Remember the days when Swiss banks (as well as banks in other countries) refused to reveal their customers’ names? Some very wealthy Americans placed their assets in these foreign banks to hide them … [Read more...] about Crypto Currency and Taxes
Tax Rule Changes Regarding Sale of Stock
Tax Rule Changes Regarding Sale of Stock New Rule Becomes Effective January 1, 2018 Effective January 1, 2018, assuming that the proposed tax law changes go into effect, taxpayers will no longer … [Read more...] about Tax Rule Changes Regarding Sale of Stock
