Dear Liz: You recently answered a question about gift taxes and mentioned gift tax returns. Who is supposed to report the gift, the one giving or the one receiving the money? It seems like the one receiving the gift should, but in the answer it seemed the one giving the gift was subject to taxes. […]
Recent Blog Posts
Friday’s need-to-know money news
Today’s top story: How to write a retirement plan. Also in the news: The tax advantages of homeownership, tax tips for members of the military, and the billions of dollars in unclimed tax refunds. How to Write a Retirement Plan It’s a lot simpler than you might think. Still Renting? You’re Missing These Tax Advantages […]
Thursday’s need-to-know money news
Today’s top story: The pros and cons of automatic bill payments. Also in the news: When it’s time to sell a mutual fund, what you need before you file your taxes, and when to consider locking your Social Security number. Pros and Cons of Automatic Bill Payments Convenience could come at a price. 5 Reasons […]
Wednesday’s need-to-know money news
Today’s top story: The biggest mistakes you can make while banking online. Also in the news: Making tax time easier, the single best thing you can do for your financial wellbeing, and how debt can wreck your retirement. The 5 Biggest Mistakes You Can Make Banking Online Small mistakes can result in big consequences. Tips […]
Is Your Tax Refund Safe?
Your tax refund may take a few days longer to land in your bank account this year. That’s because criminals from around the world are determined to get to it first. “Our systems are attacked about a million times a week,” IRS Commissioner John Koskinen says. “These are Russian syndicates, Chinese. … They’re coming from […]
Tuesday’s need-to-know money news
Today’s top story: How to prevent identity theft. Also in the news: The costs that are often overlooked when deciding to rent or buy, reasons to file a tax extension, and how you’re using your credit card incorrectly. How to Prevent Identity Theft Staying one step ahead. The Major Costs People Often Overlook When Deciding […]