After paying into Social Security for all your working years, you may be surprised to learn that the benefits may be taxed in retirement. Here are the rules.
Do you have a nanny, housekeeper or other household worker? If you pay him or her cash wages of $2,200 in 2020, you must withhold and pay Social Security and Medicare taxes. Learn about this and other tax obligations for household workers.
Millions of people have already received their Economic Impact Payments, which are being sent by the government to help mitigate the effects of #COVID-19. In some cases, the payments should be returned.
Is your business ready to reopen or expand its operations under local COVID-19-related guidelines? You’ll face difficult decisions but may also encounter practical opportunities.
Once your 2019 tax return has been filed, there still may be some issues to consider. We’re often asked about refund status, record retention and amended tax returns. Here are some answers.
If you need money due to COVID-19, you may be able to take a tax-free “coronavirus-related distribution” from a retirement plan. The IRS has released guidance explaining who qualifies for one of these distributions.
