Do I Have to Pay Income Tax on Money Given to Me as a Gift?
A parent helps with a down payment. A friend sends money after a difficult month. Relatives contribute to a wedding…
When Do College Students Have to File Taxes? Income Limits and Refunds
Being enrolled in college does not automatically excuse you from filing a tax return. Your income, dependency status, and other…
How Much Can You Sell Online Before You Have to Pay Taxes? (VIDEO)
Selling an old couch online and buying merchandise to resell are two different tax situations. You generally do not owe…
How Do I File a Final Tax Return for Someone Who Is Deceased?
After someone dies, tax mail can continue arriving while the family is still sorting out much more immediate concerns. A…
Do You Drive for Your Business? Here’s What You Can Deduct
If you use your car for work or your own small business, you may be wondering if you can deduct…
The Right Way to Pay Yourself as a Small Business Owner
A lot of business owners focus on how much money they make, but not how they pay themselves. That’s where…
Got a Letter From the IRS? Here’s What It Means
Getting a letter from the IRS is enough to make anyone nervous. Most people assume the worst right away. But…
Is a C Corporation Right for Your Business in California
A C corporation, also called a C corp, is a type of business that is treated as its own legal…
California Bill Could Remove State Taxes on Military Retirement Pay
California lawmakers are discussing a new bill that could remove state income taxes on military retirement pay. If the proposal…
Smart Ways to Reduce Your Taxes Before December 31
Most people wait until tax season to think about their taxes. That is usually too late. If you want to…
Impuestos Para LLC en California – Guía Sencilla Para Negocios Pequeños
Muchos negocios nuevos en California empiezan como LLC porque suena simple y segura. Y en parte lo es. Pero también…
Who Qualifies for the Clean Fuel Production Credit and How It Works
The federal government is pushing harder for cleaner energy, and one way it’s doing that is through tax credits. One…