Fox Business - The Power to Prosper
Search Site

Bonnie Lee Archive

Get updates from Bonnie Lee

http://www.foxbusiness.com/archive/author/bonnie-lee/feed/rss

  • Taxability of Life Insurance

    Published May 23, 2013

    Nothing in the tax code is straightforward or easy to understand, and that’s especially true when it comes to life insurance with all the caveats, exceptions and treatments.

  • The 2014 IRS Budget: All About Compliance

    Published May 16, 2013

    The IRS is asking for $12.9 billion in funds for 2014, a 9% increase from last year, to focus on compliance. What does this mean for taxpayers?

  • Hiring Your Kids: What it Means for Your Taxes

    Published May 10, 2013

    When you are self-employed, regardless of your entity structure, you must give heed to succession issues. Hiring your children, no matter their age, is a first step in determining whether or not the child is willing or suitable to carry on the family business.

  • Kids and Summer Jobs: What to Know About Taxes

    Published May 09, 2013

    Teenagers with a summer job might be disappointed with Uncle Sam's involvement in their paycheck. Here's what they should know about the tax code.

  • How Obamacare Will Affect Your Business

    Published May 08, 2013

    Small businesses catch a break this year without having to implement or change policies to comply with the new health-care legislation, but in less than eight months, businesses with more than 50 employees will have to start offering health insurance or face a fine.

  • IRS Issues New Method for Calculating the Home Office Deduction

    Published May 03, 2013

    One of the most popular deductions taken by self-employed taxpayers is the home office deduction.  In fact, according to the latest data from the IRS, nearly 3.4 million taxpayers claimed the deduction in 2010.

  • What Kids Should Know about Taxes

    Published May 02, 2013

    Despite the complexity of the actual code, taxes are not a difficult subject and  kids tend to catch on right away. 

  • Weird Tax Deductions for Small Business Owners

    Published April 26, 2013

    As a small business, you are allowed to deduct all “ordinary and necessary” business expenses—and this ambiguity opens a subjective and creative area for business owners to consider.

  • Miss the April 15 Deadline? Do This Now

    Published April 25, 2013

    The April 15 deadline has come and gone, and if you haven’t filed your tax return, here’s what you need to do to avoid getting in trouble with the IRS.

  • What Non-Residents Need to Know About Taxes

    Published April 18, 2013

    The tax code is complex for American citizens, but the regulations get even more confusing for non-resident aliens.