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Why You Should Notify the IRS If You Decide to Move

October 25, 2019

Taxpayers lose their "the IRS should have known we changed our address" argument. The U.

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Taxpayer couldn’t exclude settlement proceeds from her taxable income

October 25, 2019

Income from a lawsuit or settlement can be excluded from income if it's paid due to personal injury or sickness. In one case, the U.

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Attention Employers: You May Be Able to Reduce Your Tax Bill With a Valuable Credit

October 25, 2019

It's called the employer credit for family and medical leave. Among other things, to be eligible, you must have a written policy that meets certain requirements and provide at least two weeks of paid family and medical leave to full-time employees and prorated leave to part-time employees.

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Getting a divorce? There are tax issues you need to understand.

October 7, 2019

In addition to the difficult personal issues that divorce entails, several tax concerns need to be addressed to ensure that taxes are kept to a minimum and that important tax-related decisions are properly made. For example, if you sell your personal residence or one spouse remains living there while the other moves out, you’ll want to make sure you’ll be able to avoid tax on up to $500,000 of gain.

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