Month: March 2016

Take credit for your estimated tax payments

If you received income in 2015 that wasn’t subject to federal income tax withholding, you may have paid the tax you owed in installments. Those estimated tax installments were due in four payments: April, June, and September of 2015, and…

What you need to know about health insurance tax forms

Expect the deluge of 2015 tax documents to include new forms, courtesy of additional Affordable Care Act reporting requirements that take effect this year. If you had health coverage during 2015, you may receive one or more information returns you…

How to hire — and fire — family members

Working with family can be a pleasure. It can also be a pain, especially if you have to terminate the employment arrangement. Here are tips to help you ease the strain on family relationships. Hire for the right reasons. Adhere…

What filing status is right for you?

Your federal income tax filing status can affect exemptions, reportable income, deductions, credits, tax rates, liability, the type of form you file, and whether you need to file at all. In addition, some states require that you use the status…