Summer Jobs and 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...

Tax Consequences of Virtual Transactions

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...

State Tax Quiz

A Fun State Tax Quiz. Go Figure… A quiz to celebrate April tax month! With this year’s April tax deadline right around the corner, here’s a fun quiz that explores how states tax their citizens. So you think it’s rough in your state? Try...

Common April Tax Questions Answered!

Common April Tax Questions Answered! The individual tax deadline of April 18th (yes, this year it’s April 18th!) is fast approaching. Here are answers to five common questions that taxpayers typically ask in April. What happens if I don’t file on time? There’s...

IRS Debt Cancellation

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...

Tax Saving Tips for Parents AND Grandparents

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...