Author: taxsecretsblog

Sam Altman: In the Beginning Born in Chicago, Sam Altman was originally raised in St. Louis, Missouri. He had always shown an aptitude for technology, even from an early age. He received his first computer at the age of eight, for example, and learned to

Article Highlights: Divorce or Separation Agreements Can Specify Who Claims a Child. If You Pay Child Support, You Claim the Child as a Dependent. Avoiding Payroll Taxes by Treating an Employee’s Compensation as a Gift. Only Medical Expenses for Taxpayer, Spouse, and Dependents Are Deductible.

You'd be hard-pressed to find someone out there willing to argue against the idea that taxes are complicated. There's a reason why most people dread it on some level every time April rolls around. Making mistakes is commonplace, yes - but it's also critical to

Article Highlights: Late filing penalties Interest Three-year statute of limitations Forfeited refunds If you have been procrastinating about filing your 2023 tax return or have not filed other prior year returns, you should consider the consequences, including the penalties, interest, and aggressive enforcement actions. Plus,

By far, one of the biggest (and most unique) challenges facing e-commerce companies today has to do with the uncertain nature of the entire enterprise. Nobody could have predicted the onset of the COVID-19 pandemic in 2020. One side effect of this was that e-commerce

In the unfortunate event that you should pass away without an estate plan (or at the very least, a will) in place, a number of potentially distressing things can happen. Not only can it cause a lot of unnecessary stress during the grieving process, but

Article Highlights: IRS Notices CP Series Notice Automated Notices Frequent Errors ID Theft Penalties and Interest What You Should Do What We Will Do Now that most tax refunds are deposited directly into taxpayers’ bank accounts, the dream of opening your mailbox and finding an

While bank failures are rare in the grand scheme of things, they can and do happen - as recent events like the closure of Silicon Valley Bank go a long way towards proving. When these types of bank failures do occur, they can be catastrophic.

Article Highlights: Child Age Limits Employment-Related Expense Married Taxpayer Earnings Limits Qualifying Individuals Disabled or Full-Time-Student Spouse Expense Limits Applicable Percentage Table The Credit Day Camps Overnight Camp or Tutoring School Expenses Day Care Facility Dependent Care Benefits In-Home Care Substantiation State Tax Credit Summer

It's safe to say that the millions upon millions of small and mid-sized businesses operating right now are the true foundation of the United States economy. But whether you're a seasoned veteran or are a new entrepreneur looking to journey out on your own for