In some cases, homeowners decide to move to new residences, but keep their present homes and rent them out. If you’re thinking of doing...

Operating as an S corporation may help reduce federal employment taxes for small businesses in the right circumstances. Although S...

In 2019, the bipartisan Setting Every Community Up for Retirement Enhancement Act (SECURE Act) — the first significant legislation...

If you’re an investor in mutual funds or you’re interested in putting some money into them, you’re not alone. According to the Investment...

Typically, businesses want to delay the recognition of taxable income into future years and accelerate deductions into the current year....

You may pay out a bundle in out-of-pocket medical costs each year. But can you deduct them on your tax return? It’s possible but not...

The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This perk results in tax...

Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting...

If your business doesn’t already have a retirement plan, now might be a good time to take the plunge. Current retirement plan rules allow...

If you made large gifts to your children, grandchildren, or other heirs last year, it’s important to determine whether you’re required to...