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National taxes

Working remotely from a cruise? Here’s why the IRS still expects taxes

by Dennis chmitz
Working remotely from a cruise? Here’s why the IRS still expects taxes

Jenny Hunnicutt poses in front of the Royal Caribbean Ultimate World Cruise, which she’s been on for nearly nine months traveling the world. While on board, she’s working remotely for …

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Here’s how the election could impact the muni bond market

by Merchant Moller
Here’s how the election could impact the muni bond market

The first presidential debate between U.S. President Joe Biden and former U.S. President and Republican presidential candidate Donald Trump is projected on a screen projector during a watch party hosted …

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IRS says it’s collected $1 billion in past-due taxes from millionaires

by Merchant Moller
IRS says it’s collected  billion in past-due taxes from millionaires

Internal Revenue Service Commissioner Danny Werfel testifies before the House Appropriations Committee on Capitol Hill in Washington, May 7, 2024. Kevin Dietsch | Getty Images News | Getty Images The …

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IRS has taken nearly 2 years to get refunds for tax ID theft victims

by Merchant Moller
IRS has taken nearly 2 years to get refunds for tax ID theft victims

Erin Collins, national taxpayer advocate at the Taxpayer Advocate Service, speaks at a Senate Appropriations subcommittee hearing in Washington, D.C., on May 19, 2021. Bloomberg | Bloomberg | Getty Images …

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IRS unveils plan to close tax loophole for pass-through businesses

by Merchant Moller
IRS unveils plan to close tax loophole for pass-through businesses

IRS Commissioner Danny Werfel testifies before the House Appropriations Committee in Washington, D.C., on May 7, 2024. Kevin Dietsch | Getty Images The U.S. Department of the Treasury and the …

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Second-quarter estimated tax deadline for 2024 is June 17

by Merchant Moller
Second-quarter estimated tax deadline for 2024 is June 17

D3sign | Moment | Getty Images The second-quarter estimated tax deadline for 2024 is June 17, and you could owe a penalty if you don’t send a payment, according to …

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What to know before making mega backdoor Roth conversions

by Merchant Moller
What to know before making mega backdoor Roth conversions

If you’re a higher earner and looking to boost tax-free retirement savings, there’s a lesser-known strategy that could be worth considering. While Roth individual retirement accounts offer tax-free growth and …

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Hiring your own kids can provide tax breaks for business owners

by Merchant Moller
Hiring your own kids can provide tax breaks for business owners

Mixetto | E+ | Getty Images If you’re self-employed, hiring your kids could provide tax benefits — provided you follow labor laws and IRS rules, experts say.   Small businesses hiring …

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Here are ways to reduce taxes on your savings interest this year

by Merchant Moller
Here are ways to reduce taxes on your savings interest this year

Riska | E+ | Getty Images The first question someone should ask is how much cash do they still need and whether it makes sense to invest some of that …

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How to reduce capital gains taxes on your home sale

by Merchant Moller
How to reduce capital gains taxes on your home sale

The Good Brigade | Digitalvision | Getty Images More Americans are paying capital gains taxes on home sale profits amid soaring property values — but there are ways to reduce …

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