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Year end is rapidly approaching. It’s now time to consider making some moves that will lower your 2016 tax bill and get you into position for tax savings in future years. This article offers some year-end planning tips for individuals — while keeping the results of the...

You may be tempted to forget all about your taxes once you’ve filed your tax return, but that’s not a good idea. If you start your tax planning now, you may avoid a tax surprise when you file next year. Also, now is a good time to set up a system so you can keep your tax records...

Smart timing of deductible expenses can reduce your tax liability, and poor timing can unnecessarily increase it. When you don’t expect to be subject to the alternative minimum tax (AMT) in the current year, accelerating deductible expenses into the current year typically is a...

The IRS recently announced that it has made it easier for taxpayers who hold interests in either of two popular Canadian retirement plans to get favorable U.S. tax treatment. The tax agency also took additional steps to simplify procedures for U.S. taxpayers with thes...

Phone scams aren’t new, but they are getting bolder and more sophisticated. Many people rejoiced when caller ID was introduced because it became easier to avoid unwanted calls. But it was only a matter of time until thieves developed ways to use caller ID like a Trojan...