Monthly Archives: November 2013

Tax Tips for Individuals Selling Their Home

If you're selling your main home this year, we have some helpful tips for you. Even if you make a profit from the sale of your home, you may not have to report it as income. 1. If you sell your home at a gain, you may be able to exclude part or all of…
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IRS Delays 2014 Tax Season

The 2014 filing season is likely to be delayed one to two weeks to allow adequate time to program and test tax processing systems following the 16-day federal government closure. A final decision will be announced in December, Acting IRS Commissioner Danny Werfel said. The original start date of the 2014 filing season was Jan.…
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Tips for Taxpayers with Foreign Income

If you are living or working outside the United States, you generally must file and pay your tax in the same way as people living in the U.S. This includes people with dual citizenship. If you're a taxpayer with foreign income, here's what you should know: 1. Report Worldwide Income. The law requires U.S. citizens and…
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Three Most Common Budgeting Errors

When it comes to creating a budget, it's essential to estimate your spending as realistically as possible. Here are three budget-related errors commonly made by small businesses, and some tips for avoiding them. Not Setting Goals. It's almost impossible to set spending priorities without clear goals for the coming year. It's important to identify, in detail,…
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