Clearing the Confusion: Who Pays Taxes on Alimony Payments?
When a married couple goes their separate ways, it’s not uncommon for alimony payments to be included as part of the divorce settlement. Decades ago, the husband was responsible for
The Tax Implications of Legal Settlements: Will You Owe The IRS?
Legal settlements can be a welcome relief for those who have experienced personal injury, discrimination, or other legal issues. Unfortunately, many people do not realize that some or all ofRead More
Think You’re a Tax Expert? Take Our Quiz and Find Out!
The last few years have been challenging for taxpayers. With the introduction of pandemic tax relief and new tax laws, filing taxes was anything but simple. Even tax professionals hadRead More
From Weddings to Babies: 5 Life Events That Impact Your Taxes
Life is full of milestones and events that shape our journey; from getting married to buying a home, having a baby to changing jobs, and even experiencing the loss ofRead More
What is The General Business Credit?
As a business owner, understanding the complexities of the tax system is crucial to optimizing your financial strategies. One valuable tool at your disposal is the general business credit. InRead More
The Ins and Outs of Tax Filing Statuses: A Quick Guide
Tax season can be stressful for many, but understanding your tax filing status is an essential step in ensuring you optimize your returns. Your tax filing status determines the taxRead More
Maximizing Your Tax Savings: A Comprehensive Guide for Teachers
As a teacher, you work hard to educate and inspire your students. But did you know that you may also be eligible for various tax deductions that can help youRead More