health
What is a good asset mix for retirement?
A good asset mix for retirement should include a handful of portfolio staples like stocks, bonds, and investment funds, but it should also make room for l...
Read Journal 
business
Do Corporation pay taxes in Florida?
Florida is a tax-friendly state that does not impose an income tax on individuals, and has a 6% sales tax. Corporations that do business in Florida are su...
Read Journal
local updates
Where do I enter Form 5498 in TurboTax?
TurboTax will include the entire amount on Form 1040 line 4a but will exclude the amount rolled over from the taxable amount that would otherwise be repor...
Read Journal
global news
Is life insurance proceeds taxable in Illinois?
In Illinois, as in every other state, life insurance is not taxable to the beneficiary for income tax. The only portion of life insurance that may be char...
Read Journal
arts
How can I get an extension on my income tax?
You can also get an extension by paying all or part of your estimated income tax due and indicate that the payment is for an extension using Direct Pay, t...
Read Journal
technology insights
How does a LLC affect your personal taxes?
A benefit of LLCs is they don’t have to pay a business income tax, as the IRS doesn’t look at them as being an individual entity when it comes to tax purp...
Read Journal
technology insights
Can I gift mutual fund shares?
You may want to give investments in the form of a mutual fund, instead of individual stocks. Some companies, like Vanguard, will allow you to transfer mut...
Read Journal
environment
How much should you put in 401k?
Most financial planning studies suggest that the ideal contribution percentage to save for retirement is between 15% and 20% of gross income. These contri...
Read Journal
culture
What happens if I forgot to sign my tax return?
A printed and mailed federal tax return without a signature will be returned by the IRS to the address shown on the tax return. Sign the tax return and ma...
Read Journal
environment
Does wish automatically refund?
Depending on your payment type, your refund will be automatically applied back to your account. If you received the refund to your original payment method...
Read Journal