IRA – Page 2 – FREE Yourself from IRS Problems

Shamsey Oloko August 22, 2016 Business Expenses, Deductions, Expenses Deductions, Income, Investment-Related Deductions, IRA, Medical Expenses, Roth IRA, Roth Thrift Savings Plan

Top Tax Deductions for Seniors and Retirees

Here are some of the most important tax deductions for seniors and retirees. Higher standard deduction. Any taxpayer that is 65 and older by December 31 of the tax year is entitled to a higher standard deduction. Taxpayers may take…

Shamsey Oloko July 15, 2016 Civil Liabilities, Collection Activities, Criminal Liabilities, Debt Forgiveness, Delinquent Taxes, Earned Income Tax Credit (EITC), IRA, Representation

Part 1 – What If: Job Related Life Events And Struggling Taxpayers

If you have any type of financial difficulty, keep in mind that there’s a tax impact to events such as job loss or foreclosure. Such consequences may not necessarily be predominantly negative. For example, if your income decreased, you may be…

Shamsey Oloko June 22, 2016 Capital Gains, Capital Losses, Death Benefits, Expenses Deductions, Filing Status, Gains & Losses, Home-Related Deductions, Income Exclusions, Income Tax, Interest Income, IRA, Medical Expenses, New York Estate Tax, Roth IRA, Roth Thrift Savings Plan, Social Security Benefits, Standard Deductions, Tax Credit, Taxable Gain

Tax Issues for new Widows and Widowers

It’s a traumatic experience to lose a spouse. While there is little that can be done to replace this physical and emotional loss, the Tax Code provides some relief for newly widowed taxpayers. Here is a summary of some of…