Federal Taxes
-
Tax essentials for sole proprietors
Many small businesses start out as sole proprietorships. This structure is simple and inexpensive to establish and maintain — and it gives the owner direct…
Read More: Tax essentials for sole proprietors -
Before you spend lottery, gambling or other winnings, understand the tax rules
It’s easy to focus on the excitement of a big win. But federal tax law generally treats lottery prizes, gambling winnings and other awards as…
Read More: Before you spend lottery, gambling or other winnings, understand the tax rules -
Beware of potential tax issues when selling self-created intangibles
Many modern businesses rely on intangible assets, such as goodwill, trademarks and customer lists. But the IRS doesn’t treat all intangibles the same way. Questions…
Read More: Beware of potential tax issues when selling self-created intangibles -
What’s a “small business,” and why does it matter?
Although your business may seem big to you, you may wonder how the government classifies it for tax purposes. If your organization qualifies as a…
Read More: What’s a “small business,” and why does it matter? -
Fine-tune your tax withholding after filing your return
Many taxpayers discover at filing time that their tax payments during the year didn’t align with their actual liability — either too much or too…
Read More: Fine-tune your tax withholding after filing your return -
Don’t miss your opportunity to make a 2025 IRA contribution — whether you can deduct it or not
Generally, each year you can contribute up to the annual limit to a traditional or Roth IRA (or a combination of the two). But once…
Read More: Don’t miss your opportunity to make a 2025 IRA contribution — whether you can deduct it or not
Stay current on weekly blogs by following our social media posts on LinkedIn, Facebook, and Twitter.