Custodial Accounts for Kids
Custodial Accounts for Kids: Understanding the Trade-offs of This Great Teaching Tool Many parents rely on piggy banks and birthday cash to teach kids about money. But more are now turning to custodial accounts – a hands-on way for children to learn about saving and...
Common Tax Questions
Common Tax Questions What everyone is wondering Here are several of the most common tax questions and their answers. But like most things, there can be exceptions, so if in doubt always ask for help. What happens to a loan if it's forgiven? The IRS generally considers...
Be Prepared for Surprise Business Expenses
Be Prepared for Surprise Business Expenses Getting a bill for an unexpected expense can put a dent in your business’s cash flow. Here are some tips your business can use to handle these unforeseen bumps in the road. Stick to a reconciliation schedule. Know how much...
Money Management Tips for Couples
Money Management Tips for Couples Couples consistently report finances as the leading cause of stress in their relationship. Here are a few tips to avoid conflict with your long-term partner or spouse. Be transparent. Be honest with each other about your financial...
The Secret Life of Everyday Gadgets
The Secret Life of Everyday Gadgets: What Your Devices Are Doing When You're Not Using Them You put your phone down. Close your laptop. Step away from the smart speaker. You think you’ve hit pause, that the lights go out and the gadgets sleep. But no. The show goes...
What Banks Don’t Tell You About Credit Cards
What Banks Don't Tell You About Credit Cards Credit cards may offer convenience and opportunities to build credit, but they also come with terms and conditions that aren’t always advertised. Here are several credit card secrets that banks may not tell you about....
Watch Out For These Tax Surprises
Watch Out For These Tax Surprises Our tax code contains plenty of opportunities to cut your taxes. There are also plenty of places in the tax code that could create a surprising tax bill. Here are some of the more common traps. Home office tax surprise. If you deduct...
IRS Backlog of Historical Proportions
IRS Backlog of Historical Proportions What you need to know if one of your tax returns is stuck The IRS is coping with a backlog of historical proportions and it is impacting millions of taxpayers. According to IRS sources, as of July 31, there are still over 13...
Year-End Tax Moves
Tax Moves to Make Before Year-End There are always moves you can make to reduce your taxable income. Some of these tax-saving moves, however, must be completed by December 31. Here are several to consider: Tax loss harvesting. If you own stock in a taxable account...
Year-End Tax Moves
Year-End Tax Moves There are always moves you can make to reduce your taxable income. Some of these tax-saving moves, however, must be completed by December 31. Here are several to consider: Tax loss harvesting. If you own stock in a taxable account that is not in a...