Holidays are delightful, thoughtful, highly anticipated and inspirational. Until that credit card bill shows up in early January and you realize that all your exuberance led to excessive spending and irrational indulgences.
What should you do now if you're starting a new year off already one more bill too many?
Some employers offer dependent care benefits to employees. If you receive such benefits, you may be able to exclude all or part of them from your income.
In the business world, change is inevitable.
If members of your multi-member limited liability company (LLC) decide to part ways and sell their business shares to you, leaving you a single-member LLC disregarded entity, there are certain steps you’ll need to take and tax consequences you’ll want to consider to properly handle the transition.
The Internal Revenue Service and its Security Summit partners announced the start of “National Tax Security Awareness Week.”
As part of the Security Summit effort, the IRS, the states and the tax community will share a variety of information throughout next week to educate taxpayers on steps they should take to protect themselves from identity theft and tax scams as well as protect their valuable financial data in advance of the upcoming filing season.