Taxes
NIL Income and Taxes
June 1, 2023 Before 2021, college athletes had a few ways to earn money – typically from scholarships, grants, part-time...
Cancelling a sales tax registration
Last time, we looked at trailing nexus and a few reasons you might want to cancel your sales tax registration...
Tax Implications of Buying a House
May 31, 2023 Purchasing a home is an exciting milestone in life as it represents a significant investment. However, beyond...
What’s trailing nexus? And why should you cancel your sales tax registration?
You know all about reaching sales tax nexus: selling enough or having a physical presence in a tax jurisdiction sufficient...
Chapter 13 Bankruptcy and Taxes
May 30, 2023 We are told that filing for bankruptcy should be the very last resort when dealing with extreme...
Chapter 11 Bankruptcy and Taxes
May 26, 2023 Navigating the intricate world of bankruptcy can be difficult, particularly when it comes to comprehending the tax...
Chapter 7 Bankruptcy and Taxes
May 25, 2023 Bankruptcy is an exhausting process that individuals and corporations may have to go through when they are...
What is FICA Tax?
May 24, 2023 You may notice several deductions on your paycheck, such as federal income tax, state taxes, and Social...
Loopholes and other odd sales tax rules, part 2
Last time we looked at a sample of the strange sales tax laws regarding food, including a sliced bagel in...
What Medical Expenses Are Tax Deductible?
May 23, 2023 Tax deductions can drastically reduce your total tax liability and allow you to save money. While medical...
What is Imputed Income?
May 22, 2023 While you may not have heard of the term “imputed income,” chances are that you might be...
How Going Green at Home Can Save You Money During Tax Time
May 19, 2023 With all the talk of the new electric vehicle (EV) tax credits, it’s a good time to...
