From the nielsen law group Tag

Are Job Hunting Expenses Deductible?

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, […]

Amnesty for Independent Contractors vs. Employee Mistakes

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 […]

IRS Limits Direct Deposit Refunds in 2015

In a recent announcement, the IRS noted that it will only allow up to three electronic direct deposits to a single account for tax year 2015. Citing identity theft as the primary motivator, the […]

Employee or Independent Contactor

It is crucial for employers to correctly categorize service providers as employees or independent contractors.  It’s especially true for small businesses because they don’t often have the systems in place to correctly determine if […]

Rule 2004 Examination and Subpoena Duces Tecum – What are they?

The Rule 2004 Examination is named for the Federal Bankruptcy Rule of Procedure that sets out the procedure for the Trustee or other interested party to obtain additional disclosure of documents or testimony from […]

Child and Dependent Care Expense

In these modern times a dual income family is the norm.  When a dual income family also has children, it’s necessary to get some kind of care for those children so both parents can work full […]

Foreign Tax Credit

The purpose of the foreign tax credits is to allow U.S. taxpayers to avoid double taxation on income that is taxed both by the United States and a foreign government.  Note that any foreign […]

Does The IRS Care Whether My Business Shows A Profit?

Do you dream of leaving your day job to pursue your passion? Do you want to turn your hobby into a career?  Maybe you aren’t there yet, but you’re working on it.  What are […]

Energy Incentive Credits

Most everyone seeks to conserve energy and use it wisely.  There are a number of provisions in the Internal Revenue Code that encourage individuals to be energy smart.   Residential Energy Efficient Property Credit […]

The Earned Income Tax Credit – Best Tax Credit of All

Tax credits are welcome news at tax time (or any time) and the Earned Income Tax Credit is one of the best. If you’re eligible, you could receive more than $6,000 in refundable credits. […]