What is Your Taxpayer Filing Status?
For tax purposes, December 31 means more than New Year’s Eve celebrations. It affects the filing status box that will be checked on your tax return for the year. When you file your return, you do so with one of five filing statuses, which depend in part on whether you’re married or unmarried on December […]
The Tax Implications if Your Business Engages in Environmental Cleanup
If your company faces the need to clean up or “remediate” environmental contamination, the money you spend can be deductible on your tax return as an ordinary and necessary business expense. Of course, you want to claim the maximum immediate income tax benefits possible for the expenses you incur. These expenses may include the actual […]
