Recent News
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Retiring with Senator Roth
Since I’m getting ready to stop roaming and settle down a bit, the better to save my hip joints, financial advisors have been barking at me to chase after the Roth IRA, a retirement plan sanctioned by Uncle Sam. It was born way back in 1998, a long time ago in doggy...
Be Smart When Donating to Charitable Organizations
If you're one of the thousands of concerned people giving to charitable organizations for, say, the flood victims in Serbia and Croatia, remember that your donations may be tax deductible. The following eight tips will help ensure that your contributions pay off on...
About the Traditional IRA
Remember the perks of the traditional IRA? Sounds like a dog’s life, right? It can be. But before you jump up and stand on your back legs in excitement, pay attention to Uncle Sam. Ignoring his commands when it comes to the traditional IRA can...
Small Businesses Inside the Home
If you're planning to declare your home office expenses on your tax return, you should ask yourself some important questions. Why? That deduction rings loud bells in your Uncle Sam's aging ears. He just might be dropping by for holiday dinner. What is the home office...
When to Deduct Travel Expenses for Temporary Job Assignments
When I hear the phrase “wind whipping,” my tongue flops out, and I start panting. “What is wind-whipping?” you may ask. It’s the national sport of dogs, is all. Here’s how I do it: on a warm day, I go road-tripping. I beg my master to roll down that car window to...
Hobby or Business Related Expense?
Ever thought to yourself that you might like to be in business? Chances are, you probably already have been at some point in your life, at least in one form or another. Mown a lawn for cash? Business. Babysat for pay? Business. What you've done is work as a sole...
Trusts and Fraud
A trust won’t protect property when it’s used for fraudulent purposes. Last year, a couple who owned a funeral parlor placed business assets into a trust in order to avoid federal tax liens. Despite the debt, the couple continued operating the funeral...
Protesting Taxes and Fraud
The fact that you might be a tax protester isn’t quite enough to prove you’re mentally incompetent. In 2014, Don Gooch and Gerard Scott, two tax protesters, were convicted of an $8 million tax fraud scheme involving a problematic trust. The defendants appealed,...