Homeowners: Don't make these common insurance mistakes

Catastrophes, thefts, natural disasters, accidents, fires – they happen. If such misfortunes strike, a well-researched and up-to-date homeowner's insurance policy can keep your family's finances afloat during trying times. Proceeds from a homeowner's policy can provide necessary funds to replace your house and belongings. A good policy can also protect against unexpected liabilities. If you're considering a new homeowner's policy (or already have one), watch out for some common pitfalls, including the following:

Foreign Earned Income Exclusion

As a U.S. citizen or resident working abroad, you may be able to exclude from income all or a portion of your foreign earnings.

To claim the foreign earned income exclusion, your tax home (the general area of your main place of business, employment, or post of duty) must be in a foreign country throughout the period

Reasons to File Your Taxes Early

While late changing tax laws make it impossible to file your income tax return prior to January 20^th this year, there are a number of reasons to file your return as soon as possible. Here are five of the most common:

Reporting Interest on U.S. Savings Bonds

If you recently purchased U.S. savings bonds and wish to know how you must report the interest income on those bonds...

If you use the cash method of accounting, as most individual taxpayers do, you generally report the interest on U.S. savings bonds when you receive it. However, you report the interest on series EE, series E, and series I bonds in either of the following ways:

A reminder about the home-sale gain exclusion for those in nursing homes.