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Tax Ranger's Blog

Won the lottery? You must pay Uncle Sam

After the largest Powerball lottery in history ended last week, many Americans may be wondering how much those lucky winners will walk away with. The final jackpot totaled $587.5 million, with two win

Posted To: Tax Ranger's Blog By: Tax Ranger on 12/3/2012 4:07:57 PM

IRS permits retirement loans, hardship distributions to Sandy victims

For the thousands of victims who were affected by Hurricane Sandy, coming up with the funds to cover daily costs or start rebuilding their homes can be challenging. While many may have homeowners and

Posted To: Tax Ranger's Blog By: Tax Ranger on 11/20/2012 4:43:29 PM

Tax issues to follow prior to the new year

Many Americans are concerned about the potential tax changes that may take place by the end of the year. While lawmakers have yet to make concrete changes to current rules, several proposed alteration

Posted To: Tax Ranger's Blog By: Tax Ranger on 11/19/2012 4:20:19 PM

End-of-year financial planning tips

As the holiday season approaches, many people get caught up in making travel plans, purchasing gifts and hosting events. However, this can leave little time for individuals to organize their finances

Posted To: Tax Ranger's Blog By: Tax Ranger on 11/15/2012 4:01:21 PM

IRS increases retirement contribution limits for 2013

Several studies reveal that many Americans are focusing more seriously on their retirement planning efforts to ensure they don't fall short when they enter their golden years. More workers are enr

Posted To: Tax Ranger's Blog By: Tax Ranger on 10/23/2012 3:34:33 PM

Follow the right process after inheriting an IRA

No one wants to come into money through the death of a loved one, but many parents and family members choose to leave their retirement accounts to relatives as part of their estate. When a person inhe

Posted To: Tax Ranger's Blog By: Tax Ranger on 10/10/2012 3:50:56 PM

Managing your tax records when filing season is over

With tax season long over and the holidays approaching, many people are putting their records behind them and preparing their homes for gatherings with family and friends. For individuals who are clea

Posted To: Tax Ranger's Blog By: Tax Ranger on 10/5/2012 3:15:33 PM

Tax benefits for low-income families

When households are struggling to make ends meet, build savings and plan for retirement, being hit with a tax bill can hinder their goals. While Americans should never shirk their tax responsibilities

Posted To: Tax Ranger's Blog By: Tax Ranger on 9/20/2012 4:06:55 PM

Potential tax issues to be aware of during retirement

A person's retirement years can be relaxing when they have planned accordingly and amassed enough wealth to keep them comfortable. However, one of the most overlooked aspects of retirement plannin

Posted To: Tax Ranger's Blog By: Tax Ranger on 9/12/2012 2:40:02 PM

Tax rules for military personnel

Americans who serve in the military often face travel and moving costs due to frequent relocations, experience long stints overseas and incur job-related costs. Although members of the armed forces ar

Posted To: Tax Ranger's Blog By: Tax Ranger on 9/10/2012 2:49:37 PM