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Tax Penalty

Government's New Year's Resolution: Grant All Americans Affordable Health Care Coverage

Mark Steber | Posted 09.20.2014 | Business
Mark Steber

You may qualify for a tax credit to help offset the cost of health insurance. That credit is generally paid directly to your health insurance company. You, then, only pay the part of the premium that the credit doesn't cover. But, getting that credit requires you to file a tax return to reconcile your payments and actual credit due. Sound confusing?

The Truth About Cashing Out Your 401K, From Suze Orman (WATCH)

Posted 08.14.2013 | Home

Do not cash out your 401k early! Personal finance expert Suze Orman was adamant about leaving your 401k alone until retirement when she joined me on M...

You May Be Eligible To Postpone Paying Taxes

The Huffington Post | Bonnie Kavoussi | Posted 03.08.2012 | Money

If you are unemployed, you may be able to get away with not paying taxes...for now. The IRS announced on Wednesday that people who have been unempl...

IRS Will Audit 6,000 Businesses and Some May Owe Lots of Money

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

.before you decide to convert all of your employees to independent contractors, you need to know the difference as defined by federal and state law. The IRS is gunning for businesses that mischaracterize employee.