Are Your Social Security Payments Taxable?
Do you receive social security benefits? Maybe you have retired and are receive payments after working hard all your life. Maybe you are disabled and receive payments as a result…
April 30, 2015
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The New Form 1095-A: Reporting Health Insurance Coverage
Another year, another tax form or two. 2014 was the first tax year that the Individual Shared Responsibility Provision (SRP) of the Affordable Care Act (ACA) went into effect. That…
April 30, 2015
What You Need to Know About Estimated Taxes
There are numerous advantages to being self-employed. The top benefit that most full-time, must-report-to-the-office employees most envy the most is your ability to establish your own work schedule. You don’t…
April 30, 2015
Is it a Business or a Hobby? 9 Questions to Ask
The IRS takes the distinction very seriously. Many small businesses start out as casual pastimes. You help troubleshoot your friends’ computer problems in your spare time, and they start telling…
July 21, 2014
Hiring Your First Employee? 5 Tax-Related Steps
Be prepared for a mountain of paperwork, much of it related to income taxes. Adding your first employee to your small business comes with good and bad news. The good,…
April 16, 2014
Haven’t Filed 2013 Taxes Yet? 5 Tips
You had good intentions, but you just couldn’t pull it together in time. Here are some suggestions for dealing with delinquent taxes. One of the problems with waiting until the…
April 13, 2014
7 Facts about Income Tax Extensions
Not sure you’ll be prepared to file and pay your total taxes due by April 15? Here’s what you need to know about filing an extension. Sometimes, things beyond your…
March 12, 2014
Giving Away Money? Know the Tax Laws
Feeling generous? Want to give a gift of cash or something equivalent to a family member or friend? You should understand the tax implications. There are numerous reasons why you…
February 14, 2014
8 Things You Should Know About IRS Audits
Yes, the word strikes fear in every taxpayer’s heart. Here are the basics. You may know someone who’s been through an IRS audit. You’ve at least heard that it can…
January 3, 2014