Calculating Adjusted Gross Income When Married
What is Adjusted Gross Income?
Adjusted gross income (AGI) is the financial amount you use to calculate your tax bill in… READ MORE
Early Retirement Withdrawals and Your Taxes
Withdrawing money from a qualified retirement plan or IRA is tempting when you’re in need of money for medical bills, home… READ MORE
Understanding How Your Commission is Taxed
Commission can be a great source of income on top of your reasonable regular wages. But, just like every other income stream,… READ MORE
How to Pay Payroll Taxes for Small Business
Payroll taxes are one of the many responsibilities and obligations small business owners have to deal with. What are they,… READ MORE
Service Trip Travel Deductions
Summer brings many unique opportunities, including mission trips, charity work, and volunteering. If you are traveling… READ MORE
Dual Status Tax Return: When and How to File
As a foreign national, you will find that filing taxes can be a little more complicated, especially if you moved to the U.S.… READ MORE
How to Distinguish Hobby Income from Self-Employment Income
Whether you’re into fixing cars, taking photos or playing music, hobbies are one of the best ways to bring joy and fulfillment… READ MORE
Tax Implications of Buying a Business
Whether you’re buying your first business or have a few already, there are fundamental guidelines to follow when considering… READ MORE
What is Modified Adjusted Gross Income?
Before understanding modified adjusted gross income, you must first master adjusted gross income (AGI). With so much… READ MORE