Know: You will pay taxes on your lump-sum payout. Your lump sum money is generally treated as ordinary income for the year you receive it (rollovers don’t...

If you and your spouse work in different states, in most cases you will only need to file a state tax return where you live—even if your employer is in an...

In general, contracts must use percentage of completion where the following apply: if the contractor’s average annual revenue for the last three years exc...

Can I pay my nanny through my company payroll? A: While it may be tempting to do so, it is illegal, in most cases, to pay a household employee on a busine...

You must pay transfer fees within 10 days of the sale. If you miss that deadline, you will be charged a late penalty after 30 days. How do I release owner...

In a traditional IRA, you may benefit from tax deductions for your upfront contributions. Your funds grow tax-deferred as long as they stay in the account...

Most interest income is taxable as ordinary income on your federal tax return, and is therefore subject to ordinary income tax rates. Generally speaking, ...

How to have a garden in a rental property. If a tenant wishes to start a garden from scratch, they must first get permission from their landlord or real e...

The IRS allows you to take the standard deduction. The cost of a new central air-conditioning system can run between $500-$4000. It just makes sense to ta...

To see if your Social Security number is being used by someone else for employment purposes, review your Social Security Statement at to look for suspicio...