After winning a lawsuit or getting a settlement, many people are surprised that they have to pay taxes on what they win. Some people don't realize this until they receive Form...
Posted by Pat Raskob, Emeritus on 12/27/2022
Some expenses can still be deducted due to the tax reform that happened in 2018. A detailed list of employee expenses that have been suspended as employee tax deductions, some until...
Posted by Rosovich & Associates, Inc. on 12/08/2022
The world is more connected than ever, and taxation is one of many ways to unite countries. However, tax lawyers are finding some discrepancies with the impact on economic development....
Posted by Tiffany Gaskin on 07/09/2022
Cash balance plans are defined benefit retirement savings plans that allow business owners to make large deductible contributions each year and build up deferred retirement savings....
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 11/04/2021
On May 15, 2002, President Bush signed a No FEAR Act (Notification and Federal Anti-Discrimination and Retaliation of 2002). This law entered into force on October 1, 2003. The main...
Posted by Dennis Jao on 09/26/2021
Deferred compensation plans can be a useful savings tool, especially for participants who want to maximize 401(k) contributions while still having savings to invest. Deferred compensation...
Posted by Taxes Made EZ Inc on 09/03/2021
Legal expenditures are acquired by people who are not deductible when classified in the federal income tax laws. Instead, they are seen as either non-deductible personal expenses or...
Posted by Dennis Jao on 08/06/2021
Most taxpayers are only concerned with completing the filing process as quickly and easily as possible. That being said, when it comes to answering each question, please think carefully...
Posted by Carmen Garcia on 05/30/2021
There is a short provision on the new tax reform bill that was just enacted which might impact how employees settle sexual harassment claims. According to section 13307 of TCJA, there...
Posted by Don Bell Law on 11/18/2020
