It's not uncommon for people to move for a job, for a change of scenery after a divorce or to launch a business in a prime market. If you recently relocated from one of the nine states that don't impose a state income tax, then you might not realize that you must pay...

Payroll services are multifaceted, meaning that they can perform numerous tasks based on the needs of the business. Therefore, it is important to identify how utilizing payroll services could benefit your business. Payroll services can save you money At times,...

After losing a loved one, you may stand to inherit property from their estate. If you do, remember that you may end up facing taxes if you sell that property. Those taxes are called capital gains taxes, and they can be complex. Capital gains taxes are paid on the...

When you file your tax return, both you and the professional you hire to prepare the return have to sign the document certifying that it is correct to the best of your knowledge. However, mistakes do happen.  Whether you filled out your tax paperwork on your own or...

There are various benefits to being self-employed. You can call the shots, including setting your schedule and not having a cap on your wages. However, you don’t have an employer taking deductions from your paycheck. You have to keep track of your tax obligations...

Bitcoin has been around for more than a decade, but it recently rose to prominence a few years ago when the price started to surge. All of a sudden, it went from a niche concept backed by some people online to a potentially mainstream investment. Although the market...

If there is one thing that strikes fear in the hearts of most Illinois residents, it is receiving notification that you are being audited for your federal income tax returns. Most audits arise from certain red flags, although theoretically, anyone can be the subject...

Taxes can affect just about every area of your financial life. From your retirement savings and life insurance to the gifts you give to your family members, there are many tax liability issues that are easy to overlook. Those with significant resources can sometimes...

Tax season is upon us once again, but many taxpayers are about to get some very unwelcome surprises when they do their taxes. They may not get much of a return -- or they may even owe taxes this year. While that prospect might be dreaded, it is always best to...

Tax season is here again. For many, that means just adding up their W-2s, filing a quick 1040-EZ form and collecting a return. It’s not quite that easy when you’re a gig worker, an independent contractor or somebody whose side hustle has started to turn a profit....