One of the worst things that can happen to a non-profit organization is to have its tax-exempt status revoked. Among other consequences, the non-profit may lose credibility with supporters and
As an employer, you must pay Federal Unemployment Tax Act (FUTA) tax on amounts up to $7,000 paid to each employee as wages during the calendar year. The rate of
We all know the cost of college is expensive. The latest figures from the College Board show that the average annual cost of tuition and fees was $10,230 for in-state
As teachers head back for a new school year, they often pay for various expenses for which they do not receive reimbursement. Fortunately, they may be able to deduct them
If you are self-employed and do not have withholding from paychecks, you probably have to make estimated tax payments. These payments must be sent to the IRS on a quarterly
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2019. Keep in mind that this list is not all-inclusive, so there
Have staffers complained because their expense reimbursements are taxed? An accountable plan can address the issue. Here is how accountable plans work and how they benefit employers and employees. Be
If you are like many people, you have worked hard to accumulate a large nest egg in your traditional IRA (including a Simplified Employee Pension-IRA). It is even more critical
Years ago, Congress enacted the ‘kiddie tax’ rules to prevent parents and grandparents in high tax brackets from shifting income (especially from investments) to children in lower tax brackets. And
If you are lucky enough to be a winner at gambling or the lottery, congratulations! After you celebrate, however, be ready to deal with the tax consequences of your good
