When it comes to caring for routine tasks around the home, many individuals use hired help. Depending on how they hire that help, they may suddenly have a household employee. For many...
If you were a student over the past year at college, you may be wondering if you have to file a tax return or if you can simply be claimed as your parents’ dependent. Working with...
What Income is Taxable?Are you wondering if there's a hard and fast rule about what income is taxable and what income is not taxable? The quick answer is that all income is taxable...
Posted by Byron L. Riley, CPA on 04/07/2016
When it comes filing your tax return, your filing status can make a big difference on the size of your tax liability. Additionally, your tax filing status can even determine if you...
Throughout the year, many of us contribute to various charities, providing our time, money and various goods to assist the charity in their mission. By tracking these donations and...
Self-employment can be seen as an important part of financial freedom, as well as freedom from the standard 9 to 5 employment. However, the traditional benefits of an employer versus...
Filing your taxes can be a big deal. You want to make sure that you are filling out all the paperwork properly, but sometimes things get missed. There are a lot of rules to follow,...
For a number of individual taxpayers who find they owe the IRS, the tax bill might be more than they can afford to pay by the annual tax deadline. Even if you cannot afford your tax...
It can be difficult enough to pay a tax debt, but once penalties are added, the cost can be even higher. However, the IRS provides an option to avoid the additional debt of penalties....
Posted by Brian Walsh EA on 03/19/2016