Use Tax Refund to Purchase Savings Bond

Looking to invest your tax refund this year? The Treasury Department wants to make it easy by allowing a new option for your “direct deposit” refund that purchases U.S. Series I Savings Bonds are a low-risk, interest bearing bonds that are purchased at face value, a...

Use Tax Refund to Purchase Savings Bond

Looking to invest your tax refund this year? The Treasury Department wants to make it easy by allowing a new option for your “direct deposit” refund that purchases U.S. Series I Savings Bonds are a low-risk, interest bearing bonds that are purchased at face value, a...

Payroll Tax Cut Temporarily Extended into 2012

WASHINGTON — Nearly 160 million workers will benefit from the extension of the reduced payroll tax rate that has been in effect for 2011. The Temporary Payroll Tax Cut Continuation Act of 2011 temporarily extends the two percentage point payroll tax cut for employees,...

IRA Roth Conversion 2010 Rules

Starting in 2010, individuals with any amount of income will be able to convert a traditional IRA to a Roth IRA. Under prior law this provision was only available to taxpayers with adjusted gross incomes of less than $100,000. Conversions are treated as a taxable...

New Way to Report Capital Gains Sales for 2011

Many taxpayers will be getting basis reports from their various investment brokers related to the sale of securities. This will be happening because new laws mandated that brokers send out basis reports. Historically many discount brokers did not send out these...