As soon as an employee is working for more than 22 hours in a week or states that he or she has no other employment, tax must be deducted according to the...

Generally you will also have to pay an annual fee to manage and administer your annuity. This could be higher than the fees on your IRA or 401(k). Typical...

The age 59½ distribution rule says any 401k participant may begin to withdraw money from his or her plan after reaching the age of 59½ without having to p...

S Corporations and Employees An S corporation is able to hire employees, but employees are not a requirement. S corporations get taxed the same as partner...

$500 Disability Exemption: Every Florida resident who is totally and permanently disabled qualifies for this exemption. $5000 Disabled Veteran: Any ex-ser...

The parent who claimed the child in error faces additional taxes, penalties or fees associated with filing an amended return. This way, if your ex claimed...

Airbnb hosts who offer their property for short-term rental are subject to the income tax rules for residential rental property. Regardless of whether you...

Don’t worry – we can help you understand your options. Maybe you found a tax form behind your desk or maybe you receive an adjustment to a 1099 form from ...

Any time a business pays for personal expenditures, it is taxable income to the person receiving the “benefit” of that payment. If the charges on the cred...

According to best practice suggestions from the IRS, sensitive vendor information such as EIN’s and TIN’s should be masked. Though you have the option to ...