The latest scam is phone callers impersonating the IRS and demanding payment. And it’s pretty tricky to know who is and isn’t legitimate. The IRS is a collection agency and like most other collection […]
From the 'Taxation' Category:
Anything you receive as a tip is considered taxable income. Usually a tip is in the form of cash. But occasionally a tip may be in the form of something that is not cash, […]
If you or a child are receiving a scholarship or fellowship for attending a college or other form of higher education, there are a few tax tips to know in order to reduce or […]
For migrants or people living outside of their native country who are working abroad, participation in a foreign pension plan can complicate an already complicated tax scheme. Expatriates often run the risk of adverse […]
When you rent property, you have to report the income and pay any associated tax on it. But there is an exception – and particularly if you have a vacation or 2nd home, it’s […]
If you receive a distribution from a foreign pension plan or a foreign annuity, you may have to pay a U.S. tax on the distribution. Generally the taxable amount is the total amount of […]
Job hunting is becoming a norm in these roller-coaster economic times. Something that used to only be associated with high school or college graduation has now become something we all may have to face, […]
For small businesses with employees, the distinction between an independent contractor and an employee may seem negligible. Both work for you and provide some sort of service for which you pay compensation. But there […]
In the ever-changing world of employment, keeping current on skills and education is paramount to retaining your current job, or getting a new one. For taxpayers who itemize their deductions, there may be some […]
As the saying goes, those who fail to plan, plan to fail. But as summer winds to an end, school starts up and football games kick off, year end tax planning may still seem […]