Maximizing Deductions for Spouse Business Travel: What You Need to Know
Taking your spouse along on a business trip? Before you start tallying up deductions, make sure you know the rules — they’re stricter than you might think. When Your Spouse …
Employee Misclassification: Don’t Let It Derail Your Business
Misclassifying an employee as an independent contractor can trigger serious financial and legal headaches. If you get it wrong, you could face back taxes — including both the employer’s and …
Gambling Tax: Don’t Roll the Dice with the IRS
Whether you’re heading to the casino for fun or betting as part of your profession, there’s one thing every gambler should keep in mind — gambling winnings are taxable. Despite …
What tax records can you toss and what should you keep?
If you’ve filed your 2024 tax return, you may be eager to do some spring cleaning, starting with tax-related paper and digital clutter. The documentation needed to support a tax return …
FBAR: For Those With Foreign Accounts
Any U.S. person with a financial interest in or authority over foreign financial accounts may be required to file a Report of Foreign Bank and Financial Accounts (FBAR). An FBAR is …