Attention self-employed with children under 18 years old - we have a great tax deduction for you. If you can justify employing your minor child in your business, you get the tax deduction on wages paid to them and your child picks up the income on...
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What is the present payroll tax cut debate all about and how does it affect workers and businesses? If you look at your paycheck, you will usually see four taxes withheld from your gross pay. The first one is Federal Tax, which is your payment toward the...
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Facts: The US Constitution's Due Process and Commerce clauses prohibit states from inhibiting the free flow of commerce between each other. Pursuant to these clauses, the US Supreme Court has ruled that out-of-state businesses need a physical presence (an office, factory, employees, etc.) in a state, in...
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For years, Amazon.com opposed collecting state sales tax on sales to states where they did not have a physical presence. This is the law. In 1992, the Supreme Court ruled that a business needed to have a physical presence in a state to be forced...
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Under the Job Creation Act of 2010, you can exclude 100% of your capital gain (including no Alternative Minimum tax consequences) on the sale of C Corporation stock (not S Corporations or LLCs), under the following conditions: Stock is acquired before January 1, 2012 You hold the...
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