Is Student Loan Forgiveness Still Tax-Free?
When is student loan forgiveness taxable? With tax season right around the corner, here’s what you need to know.
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Do I Have to Pay Taxes on My Tips?
Who is Eligible For No Tax on Tips? Regardless of whether you itemize or take the standard deduction, you are eligible to deduct your tips if you: Those who file
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Am I Legally Required to Pay Income Taxes? Debunking the “Voluntary” Tax Myth
The Legal Basis For Income Tax The idea of income taxes being “voluntary” is nothing more than wishful thinking. The federal government’s authority to tax income is firmly established in
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Freelancer Tax Guide: How to Avoid Surprises and Penalties
Why Your Business Entity Matters Your business entity affects how you report income, pay taxes, and protect personal assets. Most freelancers start as sole proprietors, reporting income on Schedule C
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Which Employee Benefits Are Taxable? A Guide For Small Businesses
What is a Fringe Benefit? A fringe benefit is a form of compensation employers provide to employees in addition to their regular wages. These benefits can include property, cash, cash
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Can I Still File a Paper Tax Return?
When Should You File a Paper Tax Return? There are certain instances where filing a paper tax return is not only preferred but required, including: Of course, you can also
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IRS Tax Liens: Your Questions Answered
Worried that the IRS might place a tax lien on your property due to unpaid tax debt? We've got the answers to all your tax lien questions right here!
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