Tax Law

When the IRS informs you that you owe them money, ignoring them is not an option. Yet, as these can often be large sums, you may not have the means to pay your bill. If business has been down lately, you might feel that you will never be able to pay it. Yet, it will...

The economy constantly changes and evolves, so tax laws need to change frequently, too. Assets and transactions once overlooked by the Internal Revenue Service (IRS) because they were so niche have now become major players in the modern income tax system. For example,...

The world has faced a number of struggles in recent years. Among them, the global supply chain and economy have been increasingly prone to problems. Inflation is being felt in nearly every industry, and consumers are struggling with the costs of everything from...

Whether you file your own taxes or run a small business, you want to pay as little as possible in income tax every year. Unfortunately, eagerness to reduce your tax liabilities could lead to you making big mistakes in how you prepare your tax return. The wrong kinds...

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...