Bonnie Lee Archive
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.
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?
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.
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.
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.
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.
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.
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.
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.
Published April 18, 2013
The tax code is complex for American citizens, but the regulations get even more confusing for non-resident aliens.