A way to reduce the overall family tax bill is by employing family members through your business, which allows you to shift income to them as well as provide them with employment benefits.
If you are unfortunate enough to have an unpaid tax liability and wish to put end the constant stream of correspondence from the IRS, there are several possible solutions to help you deal with [...]
Enacted by Congress in 1969, the AMT Tax (alternative minimum tax) attempted to ensure that individuals and corporations that benefit from certain exclusions, deductions, or credits pay at least [...]
If you are not familiar with the IRS Rules on Foreign Financial Accounts, you better check this article out! Each U.S. person who has a financial interest in, can sign on, or has other authority [...]
Whether you’re a recent high school graduate going to college for the first time or a returning student, paying for college can be a daunting financial task. The following are some tips about [...]
Many students hold a summer job during their time off from school or work part–time during the school year. Here are some tax tips for students that should be considered:
Small Business expensing was enhanced early this calendar year when The American Taxpayer Relief Act of 2012 increased the amount available as a first-year deduction for the purchase of new or [...]
For taxpayers with income over $400,000 (single) or $450,000 (married), the rate on capital gains and qualifying dividends will go from 15% to 20% for 2013 and later years. For most other [...]
Unless your income exceeds $400,000 as a single taxpayer ($450,000 for married couples), your tax rate will remain what it was under the Bush-era tax rates of 2012. For the high-income [...]
If you are a working parent or look for work this summer, you may need to pay for the care of your child or children. These expenses may qualify for an IRS Child Care Tax Credit that can reduce [...]
