S corporations allow the business to pass corporate income, losses, deductions and credits through to their shareholders for federal tax purposes. But with those great advantages come many rules, including those related to compensation....
A premium tax credit is designed to lower the total cost of health insurance plans that are already relatively expensive in the United States....
What are the rules that apply to deductions for interest payments on mortgages? They can get confusing....
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....
