Latest Articles

  1. Tax Evasion vs. Tax Avoidance

    Tax season drives me crazy! Right now I’m drowning in a sea of paperwork, handwritten notes and receipts wondering how the hell I’m going to do my taxes by the April 17th deadline. I may use TurboTax Online software, or else I’ll have to figure something else out. But as...
  2. 10 Ways to Avoid IRS Tax Audits

    Last week, I spoke at Georgetown University for “Tax Week” hosted by the Georgetown University Alumni and Student Credit Union and the Office of Student Financial Services’ Commonsense Program about preparing taxes online. While taxes aren’t my favorite topic in the world, there are definitely some interesting things to learn...
  3. What is the Capital Gains Tax?

    The capital gains tax, in simple terms, is the tax you pay something when you sell something and make a profit on it. Items you typically will pay Capital Gains Tax on include stocks, bonds, real estate, jewelry, collectibles and other high value items that you may own. Items not...
  4. What is the Alternative Minimum Tax (AMT)?

    Designed to keep high-income earners from paying less in taxes, the Alternative Minimum Tax (AMT) helps prevent high income earners from getting away with paying too little in taxes through loopholes and tax breaks. You are exempt from AMT if you make under $74,450 as a married couple filing jointly...

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