Deduct Business Mileage by Setting Up a Home Office
The IRS gives you two possible strategies for turning otherwise personal mileage into business mileage: Going to a temporary work [...]
What You Need to Know About the Kiddie Tax
When it comes to college planning, our lawmakers created some real traps. One big trap is the kiddie tax. This [...]
New Tax Law & Recommendations
The new Tax Cuts and Jobs Act is official and will affect millions of Americans and businesses. Here are the [...]
Save Money by Buying Antiques
Here’s a good business rule to follow: buy low and sell high. That’s good, but the three-step process below is [...]
How the IRS Can Use Form 1099-K to Audit Your Business
Form 1099-K reports credit card sales to the IRS and also gives the IRS another audit weapon. The rules have [...]
Where There’s a Will, You need a Plan
It sounds like the setup for a joke: A rich uncle dies and leaves you a fortune. But what happens [...]
Identity Thieves Could Slow Your Federal Tax Refund
Identity thieves are getting better at what they do. In response, the IRS convened a Security Summit back in March [...]
Reimbursing Employees For Business Expenses
If you have employees, you can reimburse them for business expenses or give them an advance or allowance to cover [...]
Tax Tips For Newly Married Couples
Congratulations, newlyweds! While it may not have been on your registry, we’re pretty sure you’ll appreciate the gift of these [...]
Sell Your Home to Your Corporation
You may or may not be thinking of converting your personal home to a rental property, but if you are, [...]