In some cases, a married couple files a joint tax return and one spouse is unaware of all the income of the other spouse. The spouse who is in the dark still must generally pay the tax bill even if the couple divorces. But there may be “innocent spouse” relief.
Self-employed taxpayers generally must make quarterly estimated tax payments. But even if you’re not self-employed, you may have to make them to avoid a penalty if you don’t have enough federal tax withheld. Here are the rules.
A big tax bill (or a large refund) may mean you don’t have the proper amount of tax withheld from your paycheck. Here’s how to make sure that doesn’t happen next year.
You don’t have to be a large business to benefit from tax breaks. Here are 3 ways that eligible small businesses can save on taxes.
Do your children have investment income? They may owe “kiddie tax.” Here are the basic rules.
Do you own Series EE bonds? Take a look at the issue dates to see if the bonds are no longer earning interest. Here’s some information about how bond interest is taxed.
Here’s a strategy for older taxpayers who are philanthropically inclined and also take distributions from their traditional IRAs.
You may have overlooked some tax breaks if you are caring for an elderly relative. Here’s a rundown.
The tax treatment of the sale of business assets can be complex. Here’s an overview.
It’s home selling (and buying) season. What are the tax consequences if you buy another home but decide to keep your current home and rent it out?