Tax Breaks for Kid’s Day Camp
Among the many challenges of parenthood is what to do with your kids when school lets out. Babysitters are one option, or you might consider sending them to a day …
Do I have to pay a nanny tax?
The “nanny tax” must be paid for nannies and other household workers. If you employ a household worker who isn’t an independent contractor, you may be required to withhold from the worker’s …
To Get an “Early” Refund, Adjust Your Withholding
If you received a large refund this year, you may want to adjust your withholding. Each year, millions of taxpayers claim an income tax refund. To be sure, receiving a …
Hiring Your Minor Children for Summer Jobs
If you’re a small business owner and you hire your children for summer jobs, you may be able to obtain tax breaks and other nontax benefits. You may also be …
Tax Responsibilities When Your Business Closes
Businesses close for many reasons, such as these: If you’ve decided to close your business, you might need assistance handling various tax obligations. For example, a final income tax return …