Kevin McCormally
Latest articles by Kevin McCormally
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Don't Let the RMD Holiday Trip You Up
retirement These three potential problems can be avoided.
By Kevin McCormally • Published
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Fatten Your Paycheck -- And Still Get a Refund
taxes If you adjust your withholding now, Uncle Sam will take a smaller tax bite each month and still owe you next spring.
By Kevin McCormally • Published
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What You Need to Know About the Stimulus
Tax Breaks When -- and how -- you will get your share of the money.
By Kevin McCormally • Last updated
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Treasury to Seniors: Drop Dead
retirement IRA owners must act quickly to take required 2008 payouts.
By Joan Pryde • Published
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Turn Market Losses Into Tax Savings
taxes Sell stocks that are worth a lot less now than what you paid for them to offset taxable gains or income.
By Kevin McCormally • Last updated
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Answers to Your Alternative Minimum Tax Questions
taxes Here's what you need to know about this parallel tax system that's hitting more and more middle-class taxpayers.
By Kevin McCormally • Last updated
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How Can I Avoid the AMT?
taxes We'll walk you through the form, line by line.
By Kevin McCormally • Last updated
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Tax Rules for Claiming Dependents
taxes Which criteria define a qualifying child or relative?
By Kevin McCormally • Published
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Little Tax Promises and Average Joes
taxes The tax promises the candidates rolled out this week got mercifully little attention in last night's third and final debate on Long Island.
By Kevin McCormally • Published
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A Tax Break for Insurance Stock
Tax Breaks In a complex case on the demutualization of insurance companies, a court rules against the IRS. But expect an appeal.
By Kevin McCormally • Published
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Sneak Peek at 2008 Tax Savings
taxes Here are the 2008 new tax brackets, plus the lowdown on your favorite tax breaks.
By Kevin McCormally • Last updated
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Instant Gratification
taxes Don't wait until 2009 for your next tax refund. Adjust your withholding, and get more money now.
By Kevin McCormally • Last updated
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Too Rich for a 401(k)?
retirement If you are a highly compensated employee and your employer returned some of the money you contributed to a 401(k), you'll have to report that as income on your tax return.
By Kevin McCormally • Last updated
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Savings for Serial Refinancers
real estate Usually, you can write-off un-deducted mortgage points on a refinancing in the year the loan is paid off with a subsequent refinancing.
By Kevin McCormally • Published
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A Special Deduction
Tax Breaks Don't miss this easily overlooked deduction: estate taxes paid on an inherited traditional IRA.
By Kevin McCormally • Last updated
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Reporting Lawsuit Settlements
taxes Whether you have to pay taxes on a settlements from a investor class-action lawsuit depends on why you got the money.
By Kevin McCormally • Last updated
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12 Tricky Tax Dependent Dilemmas
taxes You’d think that knowing when someone qualifies as a tax dependent would be a simple matter. Think again!
By Kevin McCormally • Published
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Get Ready for the Mother of All Tax Bills in 2009 ...
taxes Major tax changes are on the horizon for 2009. Not all of them will thrill you.
By Kevin McCormally • Published
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Business Tax Preparation
taxes Having the necessary information at hand will make doing your business taxes easier.
By Kevin McCormally • Last updated
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Beware the Coming Tsunami of Mutual Fund Distribution
investing How to handle the forthcoming TAXABLE mutual fund distributions.
By Kevin McCormally • Published
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Year-End Investing Moves to Avoid
taxes Watch out for the tax consequences of buying or selling mutual funds now.
By Kevin McCormally • Published
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Do-It-Yourself Pay Raise for the Holidays
taxes You can avoid overpaying taxes -- and give yourself a bigger paycheck -- by adjusting your withholding.
By Kevin McCormally • Published
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Lose Home, Pay More Tax
real estate As foreclosures soar, a cruel tax rule rears its head.
By Kevin McCormally • Published
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Taxes -- Buy More Time
taxes Here's how to push back the deadline ... or simply ignore it, legally.
By Kevin McCormally • Published