IRS tax audit triggers are the secrets that we all want to know. Let’s face it, nobody wants to get a letter from the IRS announcing that they will be auditing your return. Even if everything is in order, it is a time consuming nightmare. According to
Traditionally, the Kiddie Tax taxed all “unearned income” a child made at the parent’s marginal tax rate. It was another way Uncle Sam created to take money from the more “affluent” Americans. Truthfully, the Kiddie Tax not only affected the well to do, but everyone who wanted
Adjusted Gross Income Adjusted gross income numbers are becoming even more important. Here’s another tip to help you understand the importance of lowering your adjusted gross income (AGI). In 2011, the Obama administration took away many people’s ability to make a traditional IRA contribution and have it
How you hold the title to your house to protect it from lawsuits makes a difference. I often have asset protection fanatics tell me that they have put their house title in a corporation or Limited Liability Company (LLC) for house protection. This is a big mistake.