Are Damage Awards Taxable? Fiducial Has the Scoop!

Are Damage Awards Taxable? Fiducial Has the Scoop!

The tax code specifies that all income is taxable from any source, unless exempted. Though the tax code does provide an exclusion for certain damage awards.
Understanding What Innocent Spouse Relief Is, and Whether You Need It

Understanding What Innocent Spouse Relief Is, and Whether You Need It

What happens if your spouse is a tax cheat, and you unknowingly signed a joint tax return. Are you responsible or can you receive innocent spouse relief?
Managing Out-of-State Employees: How to Handle Payroll Taxes

Managing Out-of-State Employees: How to Handle Payroll Taxes

Do you have employees living in different states from where your business is located? This can create additional challenges for you around payroll taxes.
2022 Q3 Tax Deadlines for Businesses and Other Employers

2022 Q3 Tax Deadlines for Businesses and Other Employers

The Q3 tax deadlines are coming up fast. Are you ready? Here are some of the tax-related deadlines affecting businesses and other employers in Q3 2022.
The Standard Mileage Rate Is Increasing - Here’s What You Need to Know

The Standard Mileage Rate Is Increasing - Here’s What You Need to Know

The IRS is providing some relief for high gas prices.The agency announced an increase in the optional standard mileage rate.
Foreign Earned Income Has Huge U.S. Tax Benefits

Foreign Earned Income Has Huge U.S. Tax Benefits

U.S. citizens and resident aliens pay taxes on foreign earned income. However, those qualifying may be able to take advantage of valuable tax breaks.