EMPLOYEE or Independent CONTRACTOR?
Before hiring individuals to work as independent contractors, businesses should make sure they are on solid ground treating the workers as contractors rather than asRead More »EMPLOYEE or Independent CONTRACTOR?
Internal Revenue Service or IRS
Before hiring individuals to work as independent contractors, businesses should make sure they are on solid ground treating the workers as contractors rather than asRead More »EMPLOYEE or Independent CONTRACTOR?
As the year end approaches many people will donate used items to local charities. Although we applaud the efforts to help those less fortunate thereRead More »Writing off Charitable Contributions
The Alternative Minimum Tax (AMT) is designed to force many affluent taxpayers who qualify for certain exemptions to pay a greater share of taxes. ThoughRead More »Do you need to pay Alternative Minimum Tax (AMT)
Everybody likes tax breaks. For many taxpayers, the tax break they get on the gain from selling a home is one of the most valuableRead More »Make a Move, Score a TAX BREAK
The tax-exempt status that nonprofit organizations enjoy does not relieve them of all tax-related concerns. If you are involved with a nonprofit in a leadershipRead More »NONPROFITS: Don’t Ignore These Tax Issues
It doesn’t happen all that often, but taxpayers sometimes receive corrected or missing tax information after they’ve already filed their federal income-tax returns. If itRead More »Amending a Tax Return
Businesses and rental property owners who buy fixed assets or spend money to maintain or improve their property often ask this question. New final IRSRead More »CAPITALIZE OR EXPENSE?
Small business corporations that intend to elect “Subchapter S” status for the 2014 tax year still have time to submit the appropriate paperwork to theRead More »S Corporation Elections
Small business owners like the S corporation business structure for several reasons, two of which are tax related. For federal income-tax purposes, an S corporation’sRead More »Attention S Corp. Owners: BE REASONABLE
With year-end just around the corner, you may be thinking of ways to reduce your taxes. If you own stocks (or mutual funds) that haveRead More »The Tax Law’s “Wash-Sale Rule”