What is a 1098 Form? How to Report Mortgage Interest
If you already have your Form 1098, you probably have everything you need to deduct your mortgage interest and points. Depending on if your deducting for your home or a rental, there might be a variety...
View ArticleIRS Required Minimum Distributions
Retirement plans, like IRAs and 401(k) plans, allow you to save for your future. However, if you don’t follow required minimum distribution rules, you might receive tax penalties for not starting to...
View ArticleInherited IRA Rules
When you inherit an IRA from someone, you become the beneficiary of that plan. Even if you’re already familiar with all the rules for an IRA you contribute to, the rules for beneficiaries are a bit...
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What education expenses are tax deductible?
Editor’s Note: This article was originally published on August 17, 2017. College is an expensive endeavor. Luckily, some educational expenses can be used to claim a tax credit or deduction. Know which...
View ArticleRollovers and Early Distribution Rules
You save up for retirement in an IRA or 401(k) plan, only to realize that you need the money sooner than planned. Or maybe you change jobs and need to move your retirement money over to a new account....
View ArticleHow to Deal With a Rejected Amended Tax Return
You’ve gone to all the trouble of amending your return, only to have the IRS reject your amended tax return. What do you do now? While the process of figuring what went wrong isn’t always easy, it...
View ArticleCan You Pay Taxes With a Credit Card?
Editor’s Note: This article was originally published on Mar. 17, 2015. If you owe back taxes to the federal government, you hopefully know the IRS offers options when it comes to paying them. There are...
View ArticleCan You Amend a Tax Return?: How to Fix an Error
Editor’s Note: This article was originally published on Feb. 25, 2018. Filing your taxes is one of those projects that may feel overwhelming. It can be almost intimidating when you get to the end and...
View ArticleUnderstanding the ITIN Renewal Process
Editor’s Note: This article was originally published on September 1, 2017. As part of recent changes in tax laws, some individuals who have an Individual Taxpayer Identification Number, or ITIN, will...
View ArticleThe New Child Tax Credit
Editor’s Note: This article was originally published on December 28, 2017. The Tax Cuts and Jobs Act (TCJA) was signed into law at the end of 2017. One of the tax reform changes includes a new child...
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