May 31, 2022 | Planning, Taxes
Summer Jobs and Taxes The tax man wants their share! Now is the time to prepare for the not-so-pleasant part of having a summer job – paying taxes! Here’s what you can expect depending on what type of job you have this summer. The employee. A job at a retail store or...
May 12, 2022 | Planning, Taxes
Tax Consequences of Virtual Transactions As social distancing turns convenience into necessity, the number and types of activities moving to the internet is exploding. It’s important to remember that these virtual events often trigger real-world tax implications. Here...
Apr 2, 2022 | Finances, Taxes
Debt: Gone But Not Forgotten by the IRS With the ups and downs of our economy over the last 2 years, you may have had a loan or credit card balance forgiven or cancelled by a financial institution. You would think that the cancellation of debt by a credit card company...
Mar 21, 2022 | Planning, Taxes
Tax Saving Tips for Parents AND Grandparents Leveraging the kiddie tax rules With careful tax planning, you can use the kiddie tax rules to reduce your tax obligation. Here’s what you need to know. Background The term kiddie tax was introduced by the Tax Reform Act of...
