Are you a non-filer? Do you know what that means? It means that you have not filed a federal income tax return for a given year, even if you were required to do so. The penalties for not filing can be steep, including fines and even criminal prosecution. But there is hope! If you’re a…
If your 401(k) has been on autopilot for months, take time now to give your retirement account its annual checkup—while you still have time before the end of the year to make some strategic moves.
Here are five year-end tax-deduction strategies that apply if you are getting married or divorced, have children who did or could work in your business, and/or have situations where you give money to relatives and friends. 1. Put Your Children on Your Payroll Did your children under age 18 help you in your business this…