Content by Julian Block

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...
on 12/02/14
Do you assist in the support of someone who’s partly self-sufficient, such as a retired parent or other relative who receives Social Security benefits or funds from other sources? Then you need...
on 11/25/14
The exemptions for dependents that you claim on your Form 1040 provide a slightly better break this year. They’re indexed, meaning adjusted to reflect inflation. For 2014, each exemption lowers...
on 11/17/14
Do you contribute toward the support of another household that includes two or more relatives, such as your father and mother? An IRS ruling provides an easy way for you to arrange support...
on 11/04/14
The Tax Reform Act of 1986 introduced the complicated "kiddie tax" rules. They drastically restricted the ability of higher-bracket parents and grandparents to shift investment income from...
on 10/30/14
For many individuals, a key part of their investment and estate planning is to write yearend checks for gifts to family members. The following reminders will help put your tax planning in perspective...
on 10/21/14
There's still time to take advantage of last-minute, tax-saving moves for dependency exemptions. For 2014, there are bigger dependency exemptions, as well as rules that, in some cases, are...
on 10/15/14
When securities markets swoon and apprehensive investors bail out of their holdings, they console themselves with deductions for capital losses when it comes time to file taxes. But long-standing...
on 10/08/14
The IRS' arsenal includes some tricky rules that can upset the plans of writers, photographers, and other individuals who intend to make end-of-year payments to move deductions into the current...

Pages