Roth IRA’s Roth IRA’s are individual retirement accounts that are subject to the same rules as a traditional IRA with some major distinctions. Roth IRA contributions are not deductible. Qualified…

The IRS has released the final regulations, effective January 1, 2014, that govern when you must capitalize and when you can deduct expenses related to tangible property. Here we will discuss…

There are a set of rules that apply to the taxation of children and investment income.  This set of rules is known as the Kiddie Tax.  The Kiddie Tax applies…