While the Net Investment Income Tax (NIIT) tends to affect wealthier individuals most often, in certain circumstances, it can also affect moderate-income …
Latest Blogs
Any bookkeeping, business or tax article contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor can it be used to avoid tax-related penalties. If desired, we would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.
Blog Categories
Contributions to a Health Savings Account (HSA) are used to pay current or future medical expenses of the account owner, his or …
After a taxpayer has been issued an Economic Impact Payment, the IRS is required to mail an Economic Impact Notice to the …
Taxpayers can start checking their tax refund status within 24 hours after receiving an e-filed return. The easiest and most convenient way …
Selling a small to medium-sized business is a complex venture, and many business owners are not aware of the tax consequences. If …
If you’ve given money or property to someone as a gift, you may owe federal gift tax, but in many cases, you …
If your child is a student with a summer job, the income your child earns over the summer is considered taxable income. …
The IRS is automatically refunding money to eligible people who filed their tax returns reporting unemployment compensation before the recent changes made …
Many businesses hire part-time or full-time workers, especially in the summer. The IRS classifies these employees as seasonal workers, defined as an …