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Chief Content Officer
Kiplinger Washington Editors
McCormally joined Kiplinger in 1977 as a reporter specializing in taxes, retirement, credit and other personal finance issues. He has won several awards for his work and appears regularly on radio and TV to discuss these issues. He is the author and editor of many books, helped develop and improve popular tax-preparation software programs, and has written and appeared in several educational videos. In 2005, he was named Editorial Director of The Kiplinger Washington Editors, responsible for overseeing all of our publications and Web site. At the time, Editor in Chief Knight Kiplinger called McCormally "the watchdog of editorial quality, integrity and fairness in all that we do." In 2015, Kevin was named Chief Content Officer and Senior Vice President.
Don’t panic, but arm yourself with knowledge. We provide links to the manuals IRS agents use to know what to look for when auditing various kinds of businesses.
See More From: Tax Tips
Everybody knows President Trump says his tax returns are being audited. What are the chances you’ll go down that same road?
If you don't need the money to live on, wait until December to take your RMD and ask the sponsor to withhold a big chunk for the IRS.
See More From: Required Minimum Distributions (RMDs)
For now, trimming your tax tab is up to you, not the men and women in Washington who write the tax law.
See More From: Tax Prep & Filing
The nanny tax isn't just for Mary Poppins. It covers any household employee including housekeepers, gardeners and caregivers.
The government itself estimates that individuals and businesses spend more than 6 billion hours a year dealing with their tax returns and all the decisions that go into them. (Yes, that’s billion...
See More From: Tax Breaks
These temporarily out-of-favor stocks can deliver both strong dividend payouts and share-price appreciation in the year ahead.
See More From: Stocks & Bonds
Write off the interest as long as you're not claimed as a dependent.
Get a tax break when you refinance your mortgage.
Self-employed taxpayers may be eligible for the write-off.
It all starts with filling out a new W-4 form with your employer.
See More From: Tax Planning
The sooner you file your 2016 return, the less likely the bad guys will get to your money before you do.
The upcoming blizzard of little 1099 tax forms (which report various sources of "income" to the IRS) brings two key dangers:
1. Losing one that contains key information that needs to go on your tax ...
The tax break can apply even if you didn't land a new job.
You can claim the tax write-off as long as your first job is at least 50 miles away from home.
Helping a charity? Don't forget to write off small expenditures plus mileage on your car.
With this indispensable savings tool, your money grows tax-free, you can invest in almost anything and you get several cool perks.
See More From: Starting Out