Tax reform is finally here. Well, sort of. House Republicans recently released their proposals to overhaul the nation’s tax system. There are many significant changes, meaning the tax system would be quite different if the bill becomes law. President Trump is hoping...
Unless you hate where you live then most likely you have at least some pride in your state. Whether it’s your local sports teams or the community you live in, or anything else, you probably like where you live and you are proud of the things your state represents....
We all know that when it comes to taxes, democrats lean on the side of raising them, while republicans lean towards reducing them. In fact, it’s arguably the biggest philosophical difference between the two major parties. Our new president has made tax reform one of...
When you have debt that’s forgiven by a lender, it can feel as though a huge burden was lifted from your financial life. Yet, that feeling may wane if you unexpectedly receive a form 1099-C indicating that the amount forgiven has become taxable income—especially if...
For anyone who has to use their vehicle for ‘business” they know that keeping track of their mileage is very important for tax reasons, especially if they rack up a lot of extra miles. While the IRS does not allow anyone to deduct their commute to and from work, there...
If you change jobs (or plan to one day retire from one), there may come a time when you no longer want to keep your retirement funds in your old employer’s retirement plan. While providers (and employer human resources departments) vary in just how simple or complex...
