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The IRS is Targeting Business Transactions in Bitcoin and Other Virtual Currencies
Bitcoin and other forms of virtual currency are gaining popularity. But many businesses, consumers, employees and investors are still confused about how...
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IRS Unveils New Tax Withholding Estimator
The IRS has unveiled its latest online tool, the "Tax Withholding Estimator." The estimator, which replaces the "Withholding Calculator," assists workers, retirees,...
The “Kiddie Tax” Hurts Families More Than Ever
Years ago, Congress enacted the “kiddie tax” rules to prevent parents and grandparents in high tax brackets from shifting income (especially from...
The “Nanny Tax” Must Be Paid for More Than Just Nannies
You may have heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to you. Hiring...
M&A Transactions: Avoid Surprises from the IRS
If you’re considering buying or selling a business — or you’re in the process of a merger or acquisition — it’s important...
You May Have to Pay Tax on Social Security Benefits
During your working days, you pay Social Security tax in the form of withholding from your salary or self-employment tax. And when...
