I've noticed a lot of people are taking jobs as an independent contractor, sometimes to supplement their income, and sometimes as a way to build a career as their own ... Read More

National Taxpayer Advocate Nina Olson highlights the top five tax issues for taxpayers dealing with the IRS in her semi-annual report to Congress. The five top issues are complex ... Read More

Yesterday two clients called me to ask about how the FDIC insurance works for covering their bank deposits. The basic idea is the federal government, through the Federal Deposit Insurance ... Read More

Starting this year, there's a new zero percent tax rate for long-term capital gains. To qualify for this zero percent rate, the gains have to be long-term. Also, the individual ... Read More

When finances get tight, people think about tapping their retirement savings. Sometimes withdrawing money from a tax-deferred retirement plan can prevent a financial disaster. But taking an early distribution comes ... Read More

The IRS is becoming increasingly interested in US citizens who have sizable investments sitting in foreign banks and brokerage accounts. Not that there's anything wrong with having a foreign bank ... Read More