Seeing Inside the Mind of the IRS

While most of us are never audited, when it happens it can feel a lot like a lamb thrown in the room with a lion. The IRS auditor does these audits every day. They know what to look for and can ask leading questions that you may easily answer incorrectly. So what are some good […]

Watch Out for Apartment Rental Rip-Offs

Planning to move? As you scan apartment listings on Craigslist, you spy a great deal. The rental unit comes with amenities galore and lease payments well below market rates. You’re in a time crunch, so you make an appointment to tour the apartment. Unbeknownst to you, the “landlord” (AKA the guy who’s leading you on […]

Take an IRA Deduction Now. Pay Later.

Here is a tax planning tip for those who file their tax returns early and wish to contribute to a tax deductibleIRA, but do not have the funds to do so. Say you want to pay into an IRA to get a tax break but you don’t have the money? Take heart, there are ways […]

Five Great Banking Tips

Banks are a necessary tool to navigate our daily financial lives. Unfortunately, there are aggravating practices at many banks that drive us crazy or cost us money. Here are five tips to get more out of your bank and pay less. Remove cash from the right place. Never use an ATM machine that is not […]

Investing Basics: Picking the Right Stocks

We have witnessed such volatile activity in the stock market in recent years that the old stock selection rules are not always applicable. Seasoned investors and new investors alike want a sure-fire way to pick the winners. Well, no one can offer any guarantees, but smart investors do have certain characteristics they associate with a […]

Understanding Tax Terms: Structuring

If someone manipulates cash transactions to avoid required bank reporting to the Treasury Department, they are using the technique of structuring their transactions. Knowing what is reported and the power given to the IRS to seize related assets can be important. Background To identify questionable illegal transactions, financial institutions are required to report any monetary […]

Having a New Baby? These Tax Tips Are Essential

There are big moments in everyone’s life. A new birth is one of them. The irony is that most life events also have tax consequences attached to them. When a new member is added to your family or someone you know, here are some tips to consider. Get A Social Security Number. Obtain a Social […]

New NJ Sick Leave Rules Frequently Asked Questions – and ANSWERS

We have been asked a ton of questions about the new NJ Sick Leave program, especially this most-asked question: when must the employer provide employees with the notice of employee rights? The answer is: Each employer shall provide each employee a written copy of the notification: 1. Not later than 30 days after the form […]

Survive Financial Stress with These 3 Mindset Changers

Because financial stress is a normal part of life for most people, learning to cope with money worries is important — vital, in fact — for maintaining positive relationships, job productivity, and personal health. If you’re dealing with excessive anxiety about your finances, consider implementing the following three policies: Move forward and control what you […]

3 Natural Disaster Prep Tax Tips

The storms and wildfires during the last year are a good reminder that one of the best ways to manage the aftermath of a natural disaster is to plan ahead. If you live in a natural disaster high-risk area, you can take steps to alleviate tax and financial issues post-disaster by following these tips: Check […]