The tax-home rule is something you’ll run across a lot as a company taxpayer. We assume it’s a rule you haven’t thought about very much, or maybe a direction you aren’t familiar with. That is a rule you will never
Some withdrawals from a Roth IRA are taxed, despite popular belief. A 10 percent early withdrawal penalty tax can be applied even if there is no income tax due. This is the worst-case scenario. Take a look at the information
Do you have a 401(k), an ESOP, a profit-sharing plan, or any qualifying employer-sponsored retirement plan where you own stock in your company? If not, This means that you should start planning for when you retire or leave your current
The federal government is urging all American employees and their families to be vaccinated against the highly infectious COVID-19 delta form, wreaking havoc across the country. If you have workers, you are most likely experiencing the same feelings. Indeed, as
Here’s an example of a trade-in and the rules associated with it. A three-year-old vehicle was traded in on a new SUV with a gross vehicle weight rating (GVWR) of 6,075 pounds. The dealer granted a trade-in value of $13,000
Limited liability companies (LLCs) are a popular choice of entity for small businesses and investment activities. LLC owners are called members. Single-member LLCs have one owner, although spouses who jointly own an LLC in a community property state can elect
What the CARES Act Says A coronavirus-related distribution from your qualified retirement plan, Section 403(b) plan, or IRA gets two tax benefits: If you withdraw and keep the money, you pay no 10 percent early withdrawal penalty and you can
There are millions of individuals who do not file a tax return each year, many of them simply because their income is below the filing threshold levels for the year based upon their filing status. Still others simply procrastinate and
