Use it or Lose it!
Health Flex Spending Arrangement Rules Changing Do you have funds in an employer provided Health Flexible Spending Arrangement (FSA)? If you worry about the long-standing
Health Flex Spending Arrangement Rules Changing Do you have funds in an employer provided Health Flexible Spending Arrangement (FSA)? If you worry about the long-standing
Tips to ensure their deductibility One often overlooked way to reduce your tax obligation is to donate gently used items to a favorite charity. Too
“Fair market value (FMV) is the price that property would sell for on the open market. It is the price that would be agreed on
If you own your own business, by hiring your children you can save in the following ways: Salaries paid to children under 18 are not
On average less than 2% of over 90 million tax returns are selected for audit each year. The percentage increases for higher income groups and
Most income you receive is taxable income that is reported to you and to the Federal/State tax authorities. However, there are a few income-producing events
Understanding the rules surrounding investment losses can really help minimize your tax obligation each year. This is because investment gains and income can be subject
IRS to send out special mailings Noted here is a copy of a recent interest error calculation announcement made by the IRS. If you recently
With the increased popularity of lotteries and casinos, more unsuspecting winners are experiencing a lucky payday only to end up with a huge tax head-ache
Understanding Required Minimum Distribution (RMD) Rules Every year thousands of taxpayers are hit with a heavy 50% penalty for not withdrawing enough money from their
Understanding the difference between RSUs and stock options is critical to making informed financial decisions. Here’s how North Carolina professionals can navigate the choice confidently and tax-efficiently.
RSUs can be a valuable wealth-building tool, but they come with complex tax consequences. Learn how North Carolina’s top earners can manage RSU tax liability.
Earning more? Learn why high-income individuals face increased IRS scrutiny and how to protect yourself.