From childhood savings accounts to retirement plan distributions, age can affect federal tax obligations and planning opportunities throughout one's life. Knowing when key milestones will arrive is critical to choosing optimal strategies. We journey through major age-based tax rules and considerations that taxpayers may encounter from birth through their 70s.

Frequent stock trading doesn't automatically qualify someone as a trader for federal tax purposes. This article explains how the tax treatment of investors and traders differs, what courts consider when determining trader status, and the potential tax consequences of claiming trader status when an individual's activities don't support that classification.

You likely work hard to attract and retain customers. But in some cases, certain customers may be unprofitable and dragging your business down. Here are some strategies, including dividing customers into A, B and C groups, for evaluating their real value to your business.

The question we answer in this article is:

Our small business is ready to expand its health benefits. But what are the differences among the "big three" tax-advantaged options: 1) Health Savings Accounts, 2) health Flexible Spending Accounts, and 3) Health Reimbursement Arrangements?