Taxation Articles

• Alternative Minimum Tax Means Required Maximum Effort to File!
  The National Taxpayer Advocate (NTA) of the IRS has labeled the Alternative Minimum Tax (AMT) “the poster child for tax-law complexity.”  Congress … More
• Child Tax Credits and Deductions
  Federal and state tax laws provide many tax credits and deductions for having children. One of the most common tax benefits for children includes the dependency … More
• What if I cannot file my income tax return on time?
  If you can’t file your federal income tax return by April 15 th , or you can’t pay taxes that you owe, there are some simple measures that you can take in … More
• The Mortgage Forgiveness Debt Relief Act of 2007
  In December 2007, the federal government enacted the Mortgage Forgiveness Debt Relief Act. The Act was meant to provide tax relief to taxpayers who had debt … More
• What You Need to Know about 401k Withdrawals
  401k plans are common retirement investment tools for United States workers. The plans, named for the section of the IRS code that defines them, allow workers to save … More
• Should You Borrow Money From Your 401k?
  It can be frustrating and often frightening when due to unemployment, a recession, or other factors, a person’s available cash is not enough to meet his or her … More