Are you considering withdrawing funds from your traditional IRA to pay unexpected medical costs?
You may be hesitating because of the 10% penalty imposed on withdrawals made when you're under age 59½. Since the 10% is calculated on the total you withdraw, the tax hit could be substantial. Worse, the penalty typically is not withheld from the cash you receive, so you'll need to come up with the money when you file your tax return. 

In the last few years, have you purchased stock in a dot-com that's now out of business?  Do you hold other shares that are now worth only pennies?  In some cases, you may be able to take a tax loss for a worthless security. Here's a quick look at the tax planning rules:

Would you like to delay paying taxes?  Most business owners would answer, “yes!” to this simple question.  The good news is that there is a way to defer your taxes. Here’s how:

Small businesses may be missing out on an important new tax savings related to health insurance. The stakes are high in 2014, so DC area small businesses should take these health insurance tax credits into account when doing their financial and tax planning.