There are many tax benefits within the tax code to help pay for college expenses. Two of the most popular are the Lifetime Learning Credit (LLC) and the American Opportunity Tax Credit (AOTC). Not sure which is best? Here are some key differences:

Details matter in divorce negotiations

Divorce can be an emotionally draining process. If you are in the middle of one, you probably just want it to be over. But be careful. Divorce has serious tax implications, and the choices you make now may affect you for many years. Consider the following:

Consider a buy-sell agreement for your business

Marriages end, and so do business ventures. If your business is owned by two or more persons, a buy-sell agreement is one of the most important legal documents your business can have. This document provides for the "buyout" of an owner's interest when that owner leaves. These are the areas that a buy-sell agreement should typically address.

Social security benefits may be taxable...

Did you sign up for social security benefits last year? If so, you may have questions about how those payments are taxed on your federal income tax return.

The real cost of not paying your taxes until October 15!

This time of year we often see taxpayer's looking to extend the time to pay their taxes due and asking, "what are the penalties if I do not pay my taxes due by April 15."   Here I will address how to estimate the cost of not paying timely - the penalties assessed by the IRS.