If you are an employee of a corporation, as an incentive to continue employment, the company may offer you the option to purchase shares of the corporation at a fixed price at some future date so that you can benefit from your commitment to…
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Entrepreneurs don't necessarily need to be numbers people in order to succeed: You need drive, passion, the ability and will to follow things through, and the hustler's spirit that enables you to constantly try that new thing or relentlessly…
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Generally, when individuals have a hobby, they have it because they enjoy it and are not involved in their hobby with the goal of making money. In fact, most hobbies never make money or don’t even create any income, for that matter. Tax law…
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Throughout your life there will be certain significant occasions that will impact not only your day-to-day living but also your taxes. Here are a few of those events:
Getting Married – If you just got married or are considering getting…
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If you are a divorced or separated parent with children, a commonly encountered but often misunderstood issue is who claims the child or children for tax purposes. This is sometimes a hotly disputed issue between parents; however, tax law includes…
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There are many reasons to convert a home into a rental, such as to ensure that a prior home produces income and appreciation after the owner buys a new home; to maximize the tax benefits for an elderly person who can no longer live alone by…
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The late-2017 tax-reform package changed the rules for personal casualty losses, which now are only deductible if they occur in a federally declared disaster area. As a result, if a home is destroyed in a forest fire or other disaster within…
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September 1 - 2019 Fall and 2020
September 10 - Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during August, you are required to report them to your employer on IRS Form 4070 no later…
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Housing is a big expense for everyone. The choice generally involves either renting or purchasing – and financing that purchase with a home loan. This article explores the tax benefits and drawbacks that individuals should consider when deciding…
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Congratulations! You've worked hard on your degree and are ready to move forward with your first job and other major life decisions. While your degree and this first job don't necessarily set your life in stone, now is a crucial time to start…
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Employee Stock Options Can be Taxing
Employees, Stocks, TaxesHow Business Owners Should Conceptualize Their Financial Results
Business, Business DevelopmentTax Issues Related to Hobbies
Tax Planning, TaxesLife Changing Events Can Impact Your Taxes
UncategorizedWho Claims the Children You or Your Ex-Spouse?
DivorceTax Issues That Arise When Converting a Home into a Rental
Home OwnershipDisaster-Related Tax Losses May Be Less Than Expected
2018 Tax Laws, DeductionsSeptember 2019 Individual Due Dates
Due DatesWhat Are the Tax Advantages of Homeownership?
Home Ownership, TaxesPersonal Finance Tips for Recent College Graduates
College, Personal Finance