- The Tax Consequences of Gig Work
- Overall, your taxes are almost certainly going to be more complicated if you have "gig work" that you are accounting for.
- Video Tips: Taxpayers with an outstanding tax bill should consider an Offer in Compromise
- An Offer in Compromise can be an effective way for individuals and businesses to settle a federal tax debt.
- The Tax Consequences of Closing Your Small Business
- Just as was true with starting a business, closing a small business brings with it some essential tax implications that you need to be aware of in the coming year.
- Time is Running Out to Take Your 2022 RMD
- Required Minimum Distributions (RMD) are required taxable distributions from qualified retirement plans and are commonly associated with traditional IRAs, but they also apply to 401(k)s and SEP IRAs. The tax code does not allow taxpayers to indefinitely keep funds in their qualified retirement plans. Eventually, these assets must be distributed, and taxes must be paid on those distributions. If a retirement plan owner takes no distributions, or if the distributions are not large enough, then he or she may have to pay a 50% penalty on the required distribution amount that is not distributed.
- Steps Your Business Can Take to Survive a Recession
- According to one recent study, there is a 96% chance that the United States will experience some form of economic recession within the next 12 months. Learn more.
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