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Archive for September, 2019

IRS Online Tools for Year-Round Tax Help

Help is just a click away. Getting year-round tax help from the IRS is easier than ever before. The IRS website has many online tools that you can use to get the service you need. Greg, an engineer by profession knows this, so he never shies away from visiting the IRS website for his tax-related queries. For example, with IRS.gov…read more →

Children Employed by Parents who own a Business

While rolling out a roadmap for their future professional growth, employing children in your own business also works to your advantage from the tax perspective. As a self-employed business owner (sole proprietorship), paying wages to a child can be an effective way to shift income from the taxpayer who owns the business to the child, who usually is in a…read more →

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