Many people now contribute to, or are thinking about setting up, Health Savings Accounts (HSAs) to help defray health care costs. With these accounts, individuals have the ability
You’ve most likely seen or heard ads urging you to donate your car to charity. One organization states you can “Make a difference and receive tax savings.” But
Is your business planning to hire this summer? If the employees come from certain “targeted groups,” you may be eligible for the Work Opportunity Tax Credit (WOTC). This
You may consider moving to another state when you retire for the weather or to be closer to your loved ones. Don’t forget to factor state and local
A harsh penalty can be imposed if federal income tax and employment taxes (including Social Security) are withheld from employees’ paychecks and not handed over to the IRS.
The IRS recently released its audit statistics for the 2018 fiscal year, and fewer taxpayers had their returns examined compared with prior years. However, even though a smaller
Summer is just almost here, so you may be thinking about getting some vacation time. If you’re self-employed or a business owner, you have a golden opportunity to
Due to the massive changes in the Tax Cuts and Jobs Act (TCJA), there were a lot of surprises during the 2019 filing season. Some filers who were
If you’re a business owner with children (or grandchildren) and you hire them this summer, you can obtain tax breaks and other nontax benefits. The kids can gain
Spring and summer are the optimum seasons for buying and selling a home. Interest rates are currently attractive, so buyers may be out in full force in your
Roth 401(k) accounts have been around for 13 years. A recent study by the Plan Sponsor Council of America (PSCA) found that Roth 401(k)s are now available at
If you read the Internal Revenue Code (and you probably don’t want to!), you might be surprised to find most business deductions aren’t specifically listed. It doesn’t explicitly
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