Content by Julian Block

on 03/02/15
Are you one of those taxpayers who thinks of the IRS as an insatiable beast that feasts on all of their income? Take heart. As a general rule, the law does authorize the IRS to cut itself in for a...
on 02/26/15
In general, you’re taxed on income from jobs, savings, investments and most other sources. There, are, however, exceptions; counting them as income will cost you valuable dollars. Here are some...
on 02/19/15
Married couples need no reminder that they can benefit from joint filing when one mate earns all or considerably more of the income than the other. That tax break, though, can become a trap for...
on 02/17/15
Individuals who itemize deductions for state and local taxes use Schedule A of the Form 1040 to claim such write-offs. They use Schedule C and Schedule E, respectively, to deduct taxes on property...
on 02/13/15
The law empowers and encourages the IRS to make life decidedly disagreeable for people who intentionally fail to file their returns at tax time. The key federal statute is the Internal Revenue Code,...
on 02/11/15
The IRS allows authors, artists and other creative types to write-off losses suffered in ventures entered into make "profits," but not losses incurred in pursuing “hobbies."...
on 02/09/15
I’m an attorney and author who has written and lectured extensively about the tax rules for dependency exemptions. So I frequently receive questions about exemptions, mostly involving routine...
on 02/04/15
Imagine a cozy household of three: just Brad Pitt, Angelina Jolie, and the friendly tax man. Fact is, whether Brad, Angelina, Jennifer, or anyone else is hooking up, breaking up, or something in...
on 01/28/15
Congress divides bitterly on hot-button social issues like abortion and immigration. But our lawmakers always display bipartisan support for proposals to make filling out returns much easier. As you...
on 01/26/15
As a general rule, IRS revenue agents and office auditors require you to substantiate your deductions for business expenses like travel and entertainment with “adequate records”—...
on 01/21/15
Now is not only a time to prepare for this year's tax season, but to make change to help ensure that next year's runs smoothly as well. A frequently overlooked strategy is that the...
on 01/16/15
When the IRS sends the forms for their annual reckoning, most individuals list their deductions and income on a "cash" basis. They deduct all their expenses in the year that they actually...
on 01/12/15
Employers know they must withhold Social Security and income taxes from their employees' paychecks. And the employees understand this has to happen, even if they don’t particularly like it...
on 01/08/15
Recent revelations that the FBI and CIA used at least 1,000 ex-Nazis as spies after World War II, in Europe and the United States, made me think about U.S. Army activity that might well have...
on 01/07/15
Two distinctly different Medicare surtaxes surfaced in 2013 and remain on the books. Both levies target higher-income individuals: One increases the tax on earnings, and the other increases the tax...
on 12/29/14
Divorce expenses can soar, especially when spouses start suspecting each other of hiding property. Consider what happens when husbands or wives hire private investigators to track down assets...
on 12/23/14
Contrary to what many freelancers, consultants, and other self-employed individuals mistakenly believe, long-standing regulations usually prohibit most of them from claiming bad-debt deductions on...
on 12/16/14
Question: The IRS contends that I filed fraudulent returns. So the feds have billed me for back taxes and nondeductible interest charges. To really twist the knife, they want to...
on 12/11/14
The IRS is unyielding when writers and scientists, among others, receive awards of money or property in recognition of their journalistic or literary achievements. They owe income taxes on their...
on 12/04/14
For 2014, there’s still a zero-percent rate for dividends and long-term capital gains received by individuals in the two bottom brackets of 10 and 15 percent—taxable income below $73,800...

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