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...
If you dither and procrastinate over creating even a straightforward will or simple trust, you put the future finances of your family and loved ones in jeopardy. You risk that the assets you have worked for a lifetime to accumulate or protect will not be...
Adopting a child can be both complicated and expensive, costing upwards of $40,000. However, with the help of the government, you can obtain an adoption tax credit that was worth $14,400 in 2021....
These case studies illustrate how the IRS uses the "origins of the claim" test to determine if business expenses can be deducted....
