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Job and Business

Small business tax strategies

Tax planning for a small business is not something that occurs once a year. Instead, this is a year-round event that you must focus on…


State Corporate and Business Taxes

By definition, a corporation (chartered by the state where it is operated) is considered a unique entity by law, separate from those who own it.…


State income taxes

State income taxes are levied in addition to federal income tax, although they generally have lower rates. The state income tax may be a progressive…


How Job Loss Can Affect Your Income Taxes

How does losing your job affect your income tax?  The first and most obvious answer is that, unless you obtain a new job or source…


State income tax basics

Every year, American taxpayers are required to file and pay both federal and state income taxes. However, some taxpayers get so caught up with the…


Income Taxes for the Self-Employed

You are considered to be self-employed if you engage in a trade or business as a sole-proprietor or an independent contractor.  Some examples would be…


Understanding the Alternative Minimum Tax (AMT)

The Alternative Minimum Tax (AMT) was originally established to target the wealthiest of taxpayers and was called the 'Millionaire's Tax.'  Established in 1969 (as the…


2010 Individual Income Tax Rates

Every year, the federal individual income tax rates adjust. While the adjustments are sometimes subtle, it is important that you understand any rate changes and…