The Republican tax bill, Tax Cuts and Jobs Act, will have an impact on your tax bill. Some items will be favorable and some not so much. ...READ MORE
Will your debt cancellation be taxable?
Any debt that has been canceled can be considered taxable on your income tax return. You would normally receive a Form 1099-C, Cancellation of...READ MORE
Lending Money to Family Could Taxing
by baklau | Financial Goals, Financial Records, Taxes
Lending money to family members probably dates back to the invention of money. Tax problems can arise when you first lend money, as you’re...READ MORE
Surviving a Sales Tax Audit
by baklau | Financial Goals, Taxes
To increase state revenues without increasing tax rates, many states have been implementing more audits to be sure businesses are paying what...READ MORE
Seven Tips on Making Estimated Tax Payments
by baklau | Financial Planning, Taxes
Some taxpayers may need to make estimated tax payments during the year. The type of income you receive determines whether you must pay...READ MORE
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