Divorce and Taxes: Filing Status, Alimony, and Dependents Divorce brings significant emotional and financial changes, and one area that’s often overlooked is how it impacts your taxes. From determining your filing status to understanding alimony rules and claiming...
How Major Life Changes Affect Your Taxes (Hint: You’re Going to Like It) Major life changes and taxes—like getting married, moving, or having a baby—are exciting milestones that often come with significant financial adjustments. But here’s some good news: these events...
How to Save Taxes When Selling a Business Selling a business is a significant milestone, whether you’re ready to retire, start a new venture, or simply cash in on years of hard work. However, without proper tax planning, a large portion of your profits could go toward...
What to Know About the Kiddie Tax The Kiddie Tax is a tax law that can catch families off guard if they’re not aware of how it works. Designed to prevent parents from shifting investment income to their children to take advantage of lower tax rates, the Kiddie Tax...
What to Know About 1099s and Contractor Payments For small business owners and self-employed professionals, hiring independent contractors can be a flexible and cost-effective way to grow your business. However, managing contractor payments comes with its own set of...
