Basis is a common IRS term, but probably does not enter into your everyday conversation. This IRS term is important because it impacts...

No one likes the stress involved when your tax return is under the audit spotlight. Here are some ideas to avoid some of the more common...

Tax surprises not only cost money, but also can create unwanted delays in filing your tax return and obtaining a refund. Here are five...

To be claimed as your dependent, an individual must meet five tests: Gross income test. In 2018, the gross income test is met if the...

Being a parent brings tremendous rewards, but also the challenge and responsibility of supporting and educating your child. Fortunately,...

As 2018 winds down, there is still time to reduce your potential tax obligation. Here are some ideas to make your 2018 tax return less of...

Stop worrying and start preparing A new deduction is available to businesses with qualified business income (QBI). While that's great...

The more things change, the more they stay the same. This is especially true when it comes to reviewing your tax situation. Mark your...