Archive for the ‘Tax’ Category

Mommy Bloggers Should Retire Too

Mommy Bloggers Should Retire Too
It’s tax time and no doubt, anyone not getting a refund would like to know how to make one happen.  As much as pop culture likes to glorify salacious stories about tax-wise celebrities jetting off to Curacao with a suitcase full of cash, the truth is that the best tax savings strategies are also...
March 5th, 2010 | Advice, Feature, Issues, Tax | Read More

The New Year, Celebrities and You

The New Year, Celebrities and You
A new year has arrived and a new you (if you’re on Oprah’s plan) will be following shortly.  In the interim, a new year presents a new opportunity to take care of some of those tasks that we put off the rest of the year because of the nice weather, school starting, Halloween, Thanksgiving and the...
January 7th, 2010 | Issues, Tax | Read More

Deck the Halls…with IRS provided Forms in the Prescribed Manner

Deck the Halls…with IRS provided Forms in the Prescribed Manner
With the holiday season upon us comes the sobering realization that after the first of the year we’ll all be poorer and fatter.  If that weren’t enough, tax season will be looming in the not so far off future.  So while our hearts are filled with cheer and the cold weather is still bearable,...
December 6th, 2009 | Issues, Tax | Read More

Hiring Nannies and Housekeepers can be Taxing

Hiring Nannies and Housekeepers can be Taxing
Over the past year, we’ve seen politicians will all sorts of tax problems.  Tim Geithner, Tom Daschle and Charlie Rangel have all proved that the tax man rarely giveth but frequently taketh away.  But don’t worry…even if you have no political ambition whatsoever, the IRS will be happy to investigate...
November 6th, 2009 | Issues, Tax | Read More

Misc. Adoption Credit information

Misc. Adoption Credit information
What else should you know about Adoption Tax Credit? The Adoption Expense Tax Credit is not refundable. This means that if adoptive parents end up with more credit in a given year than tax they owe, the excess cannot be refunded (unlike, for example, the earned income tax credit which is refundable)....
October 15th, 2009 | Feature, Tax | Read More

The future of the Adoption Tax Credit

The future of the Adoption Tax Credit
What is the future of the Adoption Expense Tax Credit? Unfortunately, the Adoption Expense Tax Credit as it currently stands is scheduled to “sunset” (as in, ride off into) beginning December 31, 2010. Actually, this credit is one of a host of tax laws brought into existence under the Bush...
September 25th, 2009 | Feature, Tax | Read More

Special Needs Adoption Tax Credit

Special Needs Adoption Tax Credit
What about Special Needs Children?   The tax credit for special needs children is the same as that for other children, with some added perks. For purposes of the tax credit, a special needs child is a child of any age who is a citizen or resident of the US and who has a “specific factor or condition,...
August 26th, 2009 | Feature, Special Needs, Tax | Read More

Adoption Expense Tax Credit Summation

Adoption Expense Tax Credit Summation
ATTENTION ADOPTIVE PARENTS: the government has a gift for you. First, the bad news: your US Representative won’t be at the shower. The good news? Uncle Sam wants to reward you monetarily for all the hard work, emotional strain and sleepless nights you are spending, have spent or can look forward...
August 11th, 2009 | Feature, Tax | Read More