Looking for Quick Cash? Try to Avoid Retirement Early Withdrawals cover

Looking for Quick Cash? Try to Avoid Retirement Early Withdrawals

Are You looking for quick cash? Your retirement savings may look tempting. However, early withdrawals can mean paying income tax and a 10% early-distribution tax.
Don’t Get Hit with IRS Underpayment Penalties cover

Don’t Get Hit with IRS Underpayment Penalties

Under federal law, taxpayers must pay taxes during the year as they earn or receive income. If not, they can incur substantial underpayment penalties.
Don't Ignore Household Employee Payroll Tax Rules cover

Don't Ignore Household Employee Payroll Tax Rules

If a domestic worker provides services in/around your home, a tax liability may exist. If the worker is your household employee, you need to know.
Is an LLC the Right Choice for Your Small Business? cover

Is an LLC the Right Choice for Your Small Business?

Is your small business a sole proprietorship? Do you want to form an LLC? Learn the basic information and tax perks you need to know to operate an LLC.
Should You Be Keeping Home Improvement Records? cover

Should You Be Keeping Home Improvement Records?

Many taxpayers don’t keep home improvement records. However, records are important if you want to take advantage of the tax code’s exclusion for home gains.
Vacation Home Rentals and Income Tax: What You Need to Know cover

Vacation Home Rentals and Income Tax: What You Need to Know

Have questions about rental income tax for a part-time vacation home rentals? The applicable rental rules include some twists that you should know about.