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Even if you operate your daycare business as a sole proprietor or have no employees, you should obtain an EIN.

In general, distributions from a traditional IRA are taxable in the year received. However, a qualified charitable distribution (QCD) is generally a

If you are unwilling or unable to sell your home, and need additional income during retirement, you may benefit from a reverse mortgage. Payments received on

There is uncertainty for some as to whether rental real estate qualifies as a trade or business for purposes of the QBID.

We acquire many of our customers through referrals from satisfied clients. Beyond the benefit of being able to expand our business, there are other reasons

If you have a household employee, you may need to withhold and pay Social Security and Medicare taxes (FICA), pay federal unemployment tax (FUTA), or both.

In addition to being subject to higher federal tax rates, taxpayers whose income exceeds certain levels have tax deductions and credits that are reduced or

The Health Insurance Marketplace helps uninsured people find health coverage. When you fill out the Marketplace application online the website will tell you

A health savings account (HSA) is a tax-exempt or custodial account set up with a qualified health savings account trustee to pay or reimburse certain medical

The following is a brief summary of key tax provisions included in the Consolidated Appropriations Act, 2021, signed into law on December 27, 2020.

The following methods are available for valuing inventory

Your Required Minimum Distribution is generally determined by dividing the adjusted market value of your IRAs

Roth IRAs Contribution Limits—2021

Your identity and money can be stolen in a tax-related scam via email (“phishing”), fax, phone, or letters. Some recent examples of identity theft scams are: