Syndicated

Dialing in on Smartphones for Kids 12-11-2017

What's the "right" age for buying a child his or her first smartphone? These devices can be a major financial investment, so it's important to do your homework. But there are other nonfinancial challenges that need to be factored into this purchase, such as maturity issues, social media concerns, and the risks of cyberbullying and identity theft. Continue reading


Bad Debt Losses: Can You Deduct Loans Gone Bad? 12-04-2017

Attempts by individual taxpayers to claim write-offs for bad debt losses have led to countless deficiency notices from the IRS. This article briefly explains the tax issues related to bad debt loss deductions and summarizes a recent U.S. Tax Court decision that allowed favorable business bad debt treatment for uncollectible loans. Continue reading


IRS Increases Annual Gift Tax Exclusion for 2018 11-27-2017

Are you feeling generous this holiday season? If so, there's good news: There's still time to make gifts to family members for 2017. Plus, the annual gift tax exclusion has been increased by $1,000 for 2018. Here's how annual gift-giving can add up to major tax savings for your family along with information on how the gift tax works and how recent tax reform proposals could affect your gift and estate plans. Continue reading