Tax

Showing 133-144 of 254 items

06/28/2023

A Breakdown of The Trust Fund Recovery Penalty

If you own or manage a business with employees, there’s a harsh tax penalty that you could be at risk...

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Tax

06/28/2023

Can I invest in an IRA for my non-working spouse?

Have you ever wondered if you could invest in an IRA for your spouse who is not earning any compensation?...

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Tax

06/07/2023

Strategies to Reduce the Impact of the Net Investment Income Tax

High-income taxpayers often face the burden of paying the Net Investment Income Tax (NIIT) in addition to their regular income...

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Tax

05/31/2023

Best Practices for Deducting Business Meal and Vehicle Expenses

When claiming deductions for business meals or auto expenses, the IRS may closely review them. It is important to have...

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Tax

05/15/2023

My tax return has been filed, now what?

Your tax return has been successfully filed with the IRS, and you may be done thinking about your taxes until...

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Tax

04/14/2023

How Long Should You Keep Tax Records?

After filing your taxes, you are probably wondering what you can throw, what you should hold onto, and for how...

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Tax

04/14/2023

From Lemonade Stands to Paychecks: How to Hire Your Child as an Employee to Save on Taxes

As the summer season approaches, you might be contemplating employing young individuals to work at your small business. Simultaneously, your...

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Business

03/23/2023

Keep in Mind these Two Other April Tax Due Dates

Did you know that there are two tax deadlines coming in April, neither of which is the filing of 2022...

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Tax

03/02/2023

Money received from a lawsuit or settlement may be tax-free, but only in specific cases

You generally must pay federal tax on all income you receive but there are some exceptions when you can exclude...

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Tax

02/22/2023

The Child Tax Credit and You; How to Claim Your Maximum Benefit in 2022

The Child Tax Credit (CTC) has experienced many changes over the last six years, but it is still very valuable...

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Tax

02/13/2023

Tax Implications For Employees Who Receive Tips

Employees of some businesses receive tips as a part of their compensation. These businesses generally include restaurants, hotels, and salons....

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Tax

01/31/2023

Possible ID theft? Be proactive and get an IP PIN

Obtaining an Identity Protection PIN (IP PIN) issued by the IRS is a proactive step that you can take to...

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Tax