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2016 Tax Data You Can Use – Income Tax Exemptions

Like it or not, taxes are part of life. Each year the IRS releases important inflation adjusted tax numbers that could impact your taxes. Understanding them could help your tax-saving strategy.   “Kiddie” Tax Children under age 18; children…

Save on Taxes by Hiring Your Children

As a small business owner you shouldn’t overlook the opportunity to provide your children with work experience. Also, there may be some tax advantages to hiring them. Tax Leverage Hiring your child under the age of 18 can save on taxes. The tax…

An Introduction to Four Federal Income Taxes

You probably find income taxes — federal, state, city or local — very complex. You’re not alone. Americans essentially have four federal tax regimes to deal with — ordinary income tax, capital gain tax, alternative minimum tax, and the…