What is in the New ABLE Act Regulation?

What is in the New ABLE Act Regulation?

Background on the ABLE Act In 2014, the Achieving a Better Life Experience (ABLE) Act was adopted by the IRS. This Act made it possible for states to establish tax-advantaged savings programs for individuals with disabilities. According to Disability Scoop, 42 states...
Hiring Children in Your Business

Hiring Children in Your Business

https://youtu.be/NFH7OJEKyS8 Are you the owner of a sole proprietorship or single member LLC, or involved in a partnership with your spouse? If so, and your children are biological for you and your spouse of a partnership, you might want to consider hiring them in...
Taxation of Lawsuit Settlements

Taxation of Lawsuit Settlements

Tax protocol is complex and unclear surrounding lawsuit settlement funds. Payments received from legal proceedings are usually taxable, and funds used in the legal process (such as attorney fees) are often not deductible. This varies on a case-by-case basis and can...
IRS Does Not Give Blanket Forgiveness

IRS Does Not Give Blanket Forgiveness

https://youtu.be/wIFXnAezZrA Are you an entrepreneur who’s been struggling to keep up with your income tax payments? Are you thinking you’re still going to have a problem in 2021?  Many are used to the IRS offering blanket penalty abatement for things...

Pin It on Pinterest