Month: January 2017
10 Things To Know About Taxes On Legal Settlements
Your car got rear-ended at a red light. Your contractor did shoddy work on your condo. You were unfairly fired. If you're collecting a settlement or [...]
MyTaxFranchisor Launches New Franchise Opportunities: MyTaxFiler and myStartupCFO
MyTaxFiler and myStartupCFO have joined hands with MyTaxFranchisor to provide exciting franchise opportunities for enterprising individuals to help them [...]
Are Gifts to Your Spouse Taxable? It Depends
Are gifts made to your spouse subject to the federal gift tax? Like a lot of questions regarding taxation, the answer is, "It depends." A gift to your spouse [...]
IRS Warns of New Scam – the Federal Student Tax
The Internal Revenue Service has issued a warning to taxpayers about bogus phone calls from IRS impersonators demanding payment for a non-existent tax, the [...]
Wages Paid to Children
Business deductions are allowed under IRC section 162(a) when they are ordinary and necessary expenses paid or incurred in carrying on a trade or business. The [...]
Does Rent Paid to a Corporation Qualify for a 1099?
Corporations, as separate legal entities, can deduct most of what they pay for outsourced functions, including space costs, as a legitimate business expense. [...]