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UNDERSTANDING THE WORK OPPORTUNITY TAX CREDIT
According to the U.S. Bureau of Labor Statistics, the unemployment rate continues to be historically low, ranging around 4.0% in 2024. With today’s hiring challenges, business owners should be aware that the Work Opportunity Tax Credit (WOTC) is available to employers that hire workers from targeted groups who face significant

6 TAX-FREE INCOME OPPORTUNITIES
Believe it or not, there are ways to collect tax-free income and gains. Here are some of the best opportunities to put money in your

CRAFT PARTNERSHIP AGREEMENTS AND LLC OPERATING AGREEMENTS WITH PRECISION
Partnerships are often used for business and investment activities. So are multi-member LLCs that are treated as a partnership for tax purposes. A major reason

ARE YOU LIABLE FOR TWO ADDITIONAL TAXES ON YOUR INCOME?
Having a high income may mean you owe two extra taxes: the 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on

UNDERSTANDING TAXES ON REAL ESTATE GAINS
Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain

WORKING REMOTELY IS CONVENIENT, BUT IT MAY HAVE TAX CONSEQUENCES
Many employees began working remotely during the pandemic and continue doing so today. Remote work has many advantages for employers and employees, and as a

THE TAX IMPLICATIONS OF DISABILITY INCOME BENEFITS
Many Americans receive disability income. Are you one of them, or will you soon be? If so, you may ask: Is the income taxed and

DO YOU OWE ESTIMATED TAXES? IF SO, WHEN IS THE NEXT ONE DUE?
Federal estimated tax payments are designed to ensure that certain individuals pay their fair share of taxes throughout the year. If you don’t have enough

HOW ARE SERIES EE SAVINGS BONDS TAXED?
Savings bonds are purchased by many Americans, often as a way to help fund college or show their patriotism. Series EE bonds, which replaced Series

SIX TAX ISSUES TO CONSIDER IF YOU’RE GETTING DIVORCED
Divorce entails difficult personal issues, and taxes are probably the farthest thing from your mind. However, several tax concerns may need to be addressed to