Knowing the tax rules regarding interest expense can help investors avoid costly mistakes.
In late 2008, the Federal Reserve Board announced it was lowering interest rates to near 0% as a way to combat the high unemployment rate of that time. That change created an opportunity for those looking to
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Helping clients put a solid plan in place for paying their tax liability can make the annual tax process less painful for many.
Only losses caused by events the president declares eligible for federal disaster relief are tax-deductible.
Instead of taxing a child's income as if it were the parents', a child's income is now taxed using the trust tax brackets.
Advisers need to help their clients avoid common tax mistakes that can complicate things later in life.
While last year's overhaul didn't change tax rules on the sale of a residence, some clients still try to apply rules that have been out of date since the late '90s.
