kiddie tax updates

Years ago, Congress enacted the “kiddie tax” rules to prevent parents and grandparents in high tax brackets from shifting income (especially from investments) to…

home office deductions

Working from home has its perks. Not only can you skip the commute, but you also might be eligible to deduct home office expenses…

nanny tax

You may have heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to you. Hiring a housekeeper,…

IRS Audit Guidelines

The IRS uses Audit Techniques Guides (ATGs) to help IRS examiners get ready for audits. Your business can use the same guides to gain…

volunteering tax deductions

If you’re a volunteer who works for charity, you may be entitled to some tax breaks…

mergers and acquisitions

If you’re considering buying or selling a business — or you’re in the process of a merger or acquisition — it’s important that both…