Know Your Penalties

Know Your Penalties

By now you’re either sitting pretty or you’ve become a…tax fugitive! If you’re living on the dark side now, you should know the exact penalties that are accruing against you:  Information Return applies to taxpayers who don’t file or furnish their required information...
Tax Paperwork: Something Is Better than Nothing

Tax Paperwork: Something Is Better than Nothing

As “The Taxening” approaches, you may find yourself at wit’s end trying to locate all of your documents — but odds are that you can get started anyway.  One of the things that we’ve learned over the years is that sending something is better than sending nothing. If...
Treat Yourself to a CPA

Treat Yourself to a CPA

Imagine: The government, which already takes taxes out of your paycheck, files your taxes for you. There are no deadlines or extensions; doing taxes simply does not exist as a thing any more. That’s the reality in Ireland and other countries in Europe, and they’re not...
Taxes: The Gathering

Taxes: The Gathering

It’s almost the end of January already! It’s time to get your books in order, if you haven’t already done so. Your accountant will soon have a tax organizer out to you, so dust off your file cabinets and start pulling together the following...
Donor Advised Funds For All

Donor Advised Funds For All

A Donor Advised Fund (DAF) is a philanthropic vehicle that allows families to make charitable contributions and receive immediate tax benefits. When I last wrote about DAFS , I received some confused replies and I have been keeping my eye out for a user-friendly DAF...
Winning the Lottery

Winning the Lottery

I would probably try to keep cool. Maybe drive out to a nice hotel and just sit there all night, ordering things online. I’m talking about what I would do if I won the lottery. I think I could avoid the Lottery Curse by asserting my privacy rights and getting a...