Author: taxsecretsblog

Article Highlights: Employee Compensation Self-Employment Compensation Parsonage Allowance Primary Residence Fair-Market-Value Limitation Designation by the Employing Organization Business Expenses and Excluded Income Retirement Vows of Poverty Self-Employment Tax Exemption Members of the clergy are taxed on not just their salary but on other fees and

Article Highlights: Caring for Disabled Family Members Qualified Medicaid Waiver Payments Exclusion Qualifications Mandatory Exclusion Earned Income Earned Income Tax Credit Tax Court Ruling Many taxpayers prefer to care for ill or disabled family members in their homes as opposed to placing them in nursing

Article Highlights: Non-statutory Option Wage Income Statutory (Incentive) Options Capital Gains Alternative Minimum Tax Many companies, as an incentive to employees to help grow the companies’ market value, will offer stock options to key employees. The options give the employee the right to buy up

When starting a business, many entrepreneurs choose to incorporate in Delaware for a wide range of different reasons. Chief among them are the tax-related benefits, like the fact that if you're registered in the state but don't do business there, you don't have to deal

Article Highlights: Credit History Credit Percentage and Annual Credit Limit Per Item Credit Limit  Home Energy Audit Identification Number Requirement Other Credit Issues Tip To Maximize The Credit This credit goes all the way back to 2006, providing a tax credit for making energy-saving improvements

You'd be hard-pressed to find someone who actually enjoys the process of filing taxes. Having said that, it's absolutely something that you're supposed to do like clockwork every single year. Of course, there are a myriad of different reasons why you may have fallen behind.

You'd be hard-pressed to find someone who actually enjoys the process of filing taxes. Having said that, it's absolutely something that you're supposed to do like clockwork every single year. Of course, there are a myriad of different reasons why you may have fallen behind.

According to one recent study, workers who make up the "gig economy" contributed roughly 5.7% to the gross domestic product of the United States in 2021 alone. If you needed a single statistic to help underline what a significant shift this has become in the

March 2023 Individual Due Dates March 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during February, you are required to report them to your employer on IRS Form 4070 no later

Article Highlights: Child Tax Credit Earned Income Tax Credit Head of Household Filing Status Child Care Education Savings Plans Education Tax Credit Education Loan Interest Child’s Medical Expenses If you are a parent, whether single, married or divorced, there are a significant number of tax