If Proceeds from the Sale of My Home Are Used to Pay Off My Mortgage, Are They Taxable?
According to the IRS, the answer is maybe. The amount of the proceeds from the sale of your home that you use to pay off the mortgage is...
Extraordinary Events Mean New Filing Deadlines
2020 can largely be described with two words: dumpster fire. The term has almost become a phrase that we use in our everyday lives due to...
My Nanny Is Great With My Kids, But Do I Really Have to Pay Her Taxes?
Due to COVID, a large number of families have found themselves seeking some sort of caregiver for their children during the work week....
Part Time or Seasonal Help According to the IRS
The popup of random Halloween-themed stores across old, vacant buildings across the United States means one thing: shoppers are coming....
Closing Your Business? Keep This Checklist From the IRS in Mind
There are typical actions that are taken when closing a business. You must file an annual return for the year you go out of business. If...
Stock Options According to the IRS
If you receive an option to buy stock as payment for your services, you may have income when you receive the option, when you exercise...
Renting Residential and Vacation Property According to the IRS
If you receive rental income for the use of a dwelling unit, such as a house or an apartment, you may deduct certain expenses. These...
As the NFL Season Begins Tonight, Here is Your Friendly Reminder to Not Forget the Tax Man..
In an attempt to return to normalcy, the United States is excited for the kickoff of the 2020 NFL Season. While only an extremely small...
What is the Employee Retention Credit?
Employers should pay close attention to their eligibility with regards to the Employee Retention Credit. Eligible employers can claim the...
Can I Get A Tax Refund Under an Installment Agreement or Payment Plan?
This is a common question that we often get from taxpayers. They had a hard couple of years, went into tax debt, and now owe the IRS a...
