“Taxes are what we pay for a civilized society.” Oliver Wendell Holmes
As long as people have been forming communities, people have been paying taxes. In fact, taxes are an essential component of any thriving civilization. Taxes provide the lifeblood of any developed civilization. Without them, we would […]Read more
From being too charitable to claiming the home office deduction, beware these tax audit red flags.
1. You’re very charitable.
Be careful not to overstate your good deeds. The IRS has calculated the average donation level for each income range, so anything that […]Read more
Source: 401 (k) 2013, Flickr.
Every year, tens of billions of dollars worth of unclaimed tax refunds and other financial assets languish in government coffers.
In addition to unclaimed tax refunds, state governments are holding onto nearly $42 billion worth of unclaimed property (uncashed paychecks, insurance payouts, unused […]
Most people think of tax shelters as being complicated, expensive strategies that only the wealthiest taxpayers use in order to cut their tax bills to Uncle Sam. But what many investors don’t know is that a very simple and easy-to-understand investment—U.S. savings bonds […]Read more