Q&A: Paying taxes electronically – Ask Liz Weston

Dear Liz: I’m a CPA and your answer about paying taxes electronically was spot-on. But there’s a pro tip you might share: I advise all my clients to establish accounts with the IRS…

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Q&A: How to pay taxes electronically

Dear Liz: You recently wrote about check theft and the fraud possibilities when paying with checks through the mail. The largest checks that I send are to the IRS and California’s Franchise Tax…

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Q&A: Roth IRAs and taxes

Dear Liz: I sold some stocks from a Roth IRA to pay for some bad debts. Is this going to count as taxable income for this year? Answer: You can always withdraw…

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Q&A: Trusts and taxes – Ask Liz Weston

Dear Liz: My parents set up a family trust, which my brother and I have now inherited but not fully distributed. Included in that trust was the understanding that $130,000 would…

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Q&A: Home sales and taxes

Dear Liz: My in-laws passed away earlier this year within months of each other. Their primary asset, part of their living trust, is their home, worth close to $1 million. There…

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Q&A: Retirement benefits and taxes

Dear Liz: We are just getting to the age where mandatory distributions from our retirement accounts have to start. We don’t need the additional cash as we have great pensions. If…

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3 ways to minimize taxes on your Social Security

Social Security benefits were once tax-free. That changed in 1983, when Congress decided to tax a portion of benefits for the highest-income recipients. Back then, fewer than 10% of beneficiaries…

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