Is All My Income Taxable?
Generally, all sources of income are subject to income tax unless specifically excluded. Here are some sources of money that are not taxable: Read more
Generally, all sources of income are subject to income tax unless specifically excluded. Here are some sources of money that are not taxable: Read more
With the recent economic downturn experienced by many taxpayers, there is a tax concept that is very important: cancellation of debt. You would think that the cancellation of debt by a credit card company or mortgage company would be a good thing for the taxpayer. And it can be, but it can also be considered taxable income by the IRS. Here is a quick review of various debt cancellation situations. Read more
Keeping costs under control is crucial in today’s challenging business environment. Without a doubt, one of the quickest ways for a business to cut costs is through staff reduction. But cutting jobs is not always the best cost-cutting strategy. Read more
If you want to give your tax recordkeeping skills a performance boost, do what accounting professionals do. Read more
There are many reasons why the Internal Revenue Service could be contacting you. Some contacts involve very minor corrections; some are for serious changes that could involve a lot of money. Sometimes the IRS is correct in what they are seeking; sometimes they are wrong. Read more
Flexible spending accounts (FSAs) are popular with employees because they permit the use of pretax dollars for payment of medical expenses and dependent care costs. Read more
The “Affordable Care Act of 2010” requires employers to report the cost of coverage under an employer-sponsored group health plan on the employee’s W-2 for 2012. Read more
A college education. Retirement. What do these major life events have in common? One shared characteristic is that each comes with a price tag. Here’s another: If you have school-age kids, you might be facing the challenge of having to decide which goal to save for. They’re both important. So how do you make the choice? Read more
Should you send your child off to college with a credit card? Opinions are divided, both among parents and financial advisors. It’s a situation that can work out really well or really badly, depending on the student and the parents. Read more
There is no income tax withholding on self-employment income, but that doesn’t mean you’re not required to pay taxes during the year. Read more
10955 Lowell Avenue, Suite 800
Overland Park, KS 66210
Phone: (913) 338-3500
Fax: (913) 338-0416
10955 Lowell Avenue, Suite 800
Overland Park, KS 66210
Phone: (913) 338-3500
Fax: (913) 338-0416