We waited and waited all through 2012. Finally, after the calendar flipped over to 2013, our legislators agreed on tax legislation. Some of it gave us permanence in long-disputed areas. Other parts of the legislation are temporary—they work as stopgaps to allow taxpayers to function…
Why does the gathering of tax records seem to be such a difficult and onerous task? One year, we had a client who simply could not get us the amount of her mortgage interest payment until the afternoon of October 15 —by which time our…
Some schools and colleges are cutting fees and tuition to attract students, but education costs are still high. When I went to college, my tuition and fees averaged about $500 per year plus another $500 for books. Today, you’re looking at 10 times those costs—or…
We’re three weeks into the New Year; have you stuck with your resolutions? We usually intend to be good, and we give ourselves optimistic goals. But we often get too ambitious and sometimes even end up abandoning our good intentions once we miss out on…
January 15 is the due date for the final payment on estimated 2012 IRS, state, and city income taxes. (You may have already paid the state in December to snag that extra deduction last year.) Generally, if you’re going to owe more than $1,000 to…
I recently received this question from a reader: “I’m 17 and I’m going to be getting my first job. What kind of tax forms do I need? Do I claim myself as a dependent?” A first job is pretty exciting. You start out feeling a…