Do You Have A Side Gig? Make Sure You Understand Your Tax Obligations.
The number of people engaged in the ‘gig’ or sharing economy has grown in recent years, according to a 2019 IRS report. And there are tax consequences for the people
The number of people engaged in the ‘gig’ or sharing economy has grown in recent years, according to a 2019 IRS report. And there are tax consequences for the people
As we all know, medical services and prescription drugs are expensive. You may be able to deduct some of your expenses on your tax return, but the rules make it
With Thanksgiving behind us, the holiday season is in full swing. At this time of year, your business may want to show its gratitude to employees and customers by giving
You can reduce taxes and save for retirement by contributing to a tax-advantaged retirement plan. If your employer offers a 401(k) or Roth 401(k) plan, contributing to it is a
For tax purposes, December 31 means more than New Year’s Eve celebrations. It affects the filing status box that will be checked on your tax return for the year. When
If you are planning to sell assets at a loss to offset gains that have been realized during the year, it is important to be aware of the “wash sale”
Are you charitably minded and have a significant amount of money in an IRA? If you are age 70½ or older, and do not need the money from required minimum
One of the most laborious tasks for small businesses is managing payroll. But it is critical that you not only withhold the right amount of taxes from employees’ paychecks but
There are several ways to save for your child’s or grandchild’s education, including with a Coverdell ESA. Although for federal tax purposes there is no upfront deduction for contributions made
As the gift-giving season nears, you may be considering giving gifts of cash or securities to your loved ones. Taxpayers can transfer substantial amounts free of gift taxes to their