Has anybody actually ever seen a real dead cat bouncing after the animal has been dropped from a great height? Unlikely, but that colorful term is used to describe a technical phenomenon that occurs during a significant market downtrend....
Is your hobby a business? It matters to the IRS. The agency says your hobby is a business if it operates to make a profit. But it's not a simple determination. Here are some factors the IRS offers to help you ascertain whether your...
Enacted in 1938, the Fair Labor Standards Act governs the federal minimum wage, among other things. Last increased in 2009, the federal minimum wage stands at $7.25 per hour. Many states and some localities have their own minimum wage laws that set the minimum higher...
For a long time, residential solar power was cost prohibitive for most people, but that's changed in recent years. Now, installation is far more accessible, and the energy cost savings are well worth it for many homeowners....
Both owners and employees often misunderstand how taxes work with bonuses, leading to confusion and frustration. Fortunately, with some education and preparation, the situation can work out for everyone....
The IRS explains that businesses of any size can qualify for the WOTC when they hire individuals from eligible groups who regularly face major obstacles to employment....
For some simple estates, all you may need to do is split your assets in equal proportions among heirs. In other instances, however, you have more complex issues to confront....
In late September, the IRS sent out some new details on student loan relief, which was announced earlier this year. It has also provided links for further information. Meanwhile opponents of loan relief are taking legal action to try to prevent it, although the administration continues to...
In general, the IRS advises taxpayers to make changes if they hold more than one job at a time or have income from sources not subject to withholding. Taxpayers who don't make the necessary changes could get an unpleasant surprise when filing. They could owe...
Backup withholding is a certain method that the IRS implements as a way to make sure that the taxes that are associated with specific types of income are paid on time if not in general, especially if taxpayers have failed to properly report these taxes...
