S Corp Stockholders Must Take Reasonable Compensation
S corporation compensation is often misunderstood and abused. If stockholders work in the business, they must take reasonable compensation as wages.
Many Taxpayers Could See Smaller Tax Refunds This Year
COVID pandemic-related benefits have come to an end. These decreases in federal tax benefits will mean smaller 2022 tax refunds for taxpayers..
Who Claims the Children’s Tax Benefits - You or Your Ex-Spouse?
Tax law has specific, complicated rules about who profits from child-related tax benefits. Children’s tax benefits are numerous. Read on for more info!
Gig Work Can Have Tax Consequences You Never Considered
Gig work brings a newfound sense of freedom but also a number of potential disadvantages. This will become especially apparent when it comes to tax season.
Have Employees Who Receive Tips? Here Are the Tax Implications
Earn your living through tips? Employ individuals who receive tips as part of their compensation? Then you need to know the tax implications.
Wonder What Tax Deductions Are Worth? Fiducial Has Answers
Individuals are always looking for tax deductions that can reduce their tax liability. But what actual tax benefit can you derive from a tax deduction?
Planning On Claiming the New Electric Vehicle Tax Credit?
The tax credit for purchasing a new electric vehicle can still be as much as $7,500. However, Congress added new qualifications for vehicles to qualify.