LLC as an S Corporation: LLCs set up as S corporations file a Form 1120S but don’t pay any corporate taxes on the income. Instead, the shareholders of the...

When an out-of-state or online retailer doesn’t collect the tax for an item delivered to California, the purchaser may owe “use tax,” which is simply a ta...

A deferred comp plan is most beneficial when you’re able to reduce both your present and future tax rates by deferring your income. The key is, the longer...

To request a temporary delay of the collection process or to discuss your other payment options, contact the IRS at 1-800-829-1040 or call the phone numbe...

After a merge officially takes effect, the stock price of the newly-formed entity usually exceeds the value of each underlying company during its pre-merg...

Dependent Care Benefits (reported on a W-2 form) is an option employers can provide for their employees for the purpose of withholding pre-taxed money fro...

Form W-4 tells you, as the employer, the employee’s filing status, multiple jobs adjustments, amount of credits, amount of other income, amount of deducti...

All foster carers receive a weekly fostering allowance which is designed to cover the cost of caring for a fostered child. This includes food, clothes, to...

As extended caregivers, grandparents are eligible to purchase whole life insurance for their grandchildren. The insurance can be purchased in the child’s ...

Refinance Mortgage Tax Savings The NYS mortgage tax can be greatly reduced or waived if the existing lender (Bank A) agrees to “assign” its mortgage to th...