Is Redeeming Airline Miles Taxable?

is redeeming airlines miles taxable?

Before you start clearing your calendar, think about this – redeeming those points or claiming your rewards may be a taxable event. Maybe it’s time to redeem those credit card points or miles you’ve been saving up and jump on a plane headed someplace warm. How about Miami, or maybe Maui?

Why Buy Your Parent’s Home and Rent it Back to Them

why buy your parent's home and rent it back to them

There are several ways to handle a parent’s home depending on their particular health or financial situation. At a bare minimum, your parents should have a Revocable Living Trust to ensure the orderly and effectively transfer of the home to the family and avoid probate in states where the expense is significant.

Ways to Succeed at Tackling Student Debt

ways to succeed at tackling student debt

Student loans cause a great deal of stress in the lives of many Americans. From keeping track of payment deadlines or living in constant fear of not being able to make their next payment, the whole process can be overwhelming. The bottom line is even if you are making payments and chipping away at your […]

When to Use a Benefit Corporation

when to use a benefit corporation

A Benefit Corporation will need to exemplify various practices and policies that show you are more concerned about benefiting the public through social or environmental causes than simply making profit.

Avoiding problems with the IRS and the “Dirty Dozen”

avoiding problems with the IRS and dirty dozen

All of us want to save taxes, but at the same time stay out of trouble with the IRS. In fact, I would hope we would even have a higher standard of being honest and ethical in the manner in which we all report our income, deductions and file our tax returns. We live in […]