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  • Tax shocks for retirees
    Tax shocks for retirees
    You have been diligently paying your income taxes for many years and perhaps, in most years, you have enjoyed a tax refund. Then you retire – and in your first year of retirement you get a (perhaps expensive) surprise: no tax refund. Instead...
  • Guide to IRS 1040 tax forms for 2014, 2015
    Your guide to IRS 1040 tax forms for 2014, 2015
    There are thousands of tax forms that the IRS has available for taxpayers to use to file their taxes. However, with so many forms it’s common for taxpayers to become stressed out when it’s time for them to pay their taxes.The good news...
  • The sign we would all like to see.
    No type of income tax – flat or progressive – can exist without an IRS
    The IRS targeting scandal has many people, including a number of major candidates, talking about tax-reform. This has the power brokers in Washington DC scared… really scared. So it’s not surprising that we’re beginning to hear...
  • Tax Time
    What's so funny about taxes?
    Most of us know that April 15th is tax day in the United States. But did you know that April is also National Humor Month? I point this out because tax time is often stress time for most people and it can be less taxing with humor.To help you...
  • Do the splits with your partner
    Pension income splitting can work for you
    When you and your partner do the splits, you can save on taxes! The federal government allows individuals to save on income tax by letting married or common-law couples shift up to 50% of eligible pension income from one spouse to another. In...
  • The super rich do not create jobs, you do
    The super rich do not create jobs, you do
    Where do we get the idea that the rich create jobs? Is it really true or is it a myth perpetuated by the rich themselves to protect them from paying their fair share of taxes? Where do real jobs actually come from? The truth is that the largest...
  • Tax Freedom Clock (Snapshot)
    You will work three more days this year to pay your taxes
    Every year, as a way to emphasize how terribly much Americans pay in taxes, our friends over at theTax Foundationpublish a report, based on volumes of published US government data, in which they have calculated the date on which the average US...
  • The Family Tax Cut
    The Family Tax Cut
    If your family includes at least one child under the age of 18, you may be able to save on taxes and have a bit more disposable income thanks to a new non-refundable federal tax credit. The Family Tax Cut allows you to transfer up to $50,000 of...
  • Senators Lee and Rubio introduce a family fairness tax
    Jobs, unions and where does the money go?
    With tax season here the looming question is where does all the money go? The tax dollars are taken and consumed rather quickly by major entitlements like Obamacare, welfare all taking over 51% of the dollar another 19% goes to pay government...
  • TSlive
    Little Rhody Democrats unveil brand spankin' new 'Taylor Swift Tax'
    It's usually never a good thing to have your name added to a law, either officially or unofficially. Yet that's exactly what's happened to Country-Pop music über-megastar Taylor Swift. As reported by The Washington Examiner on March 20...
  • MileIQ is an app that tracks your business mileage for tax purposes.
    New mileage tracker app can save taxpayers literally thousands of dollars
    It's called MileIQ and it's being hailed as the number one mileage tracker application that you can use on your smartphone. KTLA's Rich DeMuro has been using the app for himself and in a report he published earlier today (Feb. 25, 2015...
  • Boomers in Love
    Boomers in Love
    Boomers are booming on the ‘love’ front. According to Statistics Canada*, many seniors enter into a second union after a divorce, separation, or the death of a partner. In 2011, 76% of men and 55% of women who had been divorced or...
  • How to find your w2 tax form
    What if you haven’t gotten your w-2 form yet for 2014, 2015
    While employers should have sent out Form W-2 by now, some taxpayers have not yet received this important document.If you haven’t gotten the Form W-2 Wage and Tax Statement from one or more employers, it is time to make sure you get one....
  • Last minute RRSP tips – save on taxes, save more for retirement
    Last minute RRSP tips – save on taxes, save more for retirement
    The deadline looms for making your 2014 contribution to investments held in your Registered Retirement Savings Program (RRSP). But you’ve still got a few days and a few choices to make that will save on taxes and save more for your...
  • Receipts for Tax time
    Lessons Learned: Why I fired my Accountant
    This article is to help my clients who say "Help. It's tax time!!" Eric Matthews wrote in 5 Steps To Getting Your Taxes Together, http://taxtimehelp.freshbooks.com/h/i/44117308-5-steps-to-getting-your-taxes-together-usa/164024, to do...
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