The Nanny Tax: How to Pay Nannies, Babysitters, and Home Help When it comes to small businesses, there are about a million tax and licensing laws designed to stifle productivity, creativity, and enthusiasm. But those are nothing compared to the traps ordinary people face in…
Tax Repercussions of Divorce The worst time in your life is when you face a divorce. All logic flies out the window. Emotions rage and rule. Nobody gets a fair deal. There are a million stories—and you probably know many of them personally. Setting emotions…
Tax Consequences of Unemployment In Bell, Calif., the city manager, assistant city manager, and chief of police recently resigned in the government wage scandal of the decade. While they may collect unreasonably generous pensions, they won’t be collecting unemployment insurance (UI) benefits. In California, as…
Before one of my EA Exam Review classes recently, a student asked the class for guidance. Rosie said that her client had a house that was underwater. Considering the hurricanes, floods, and storms we’ve been having, I thought she meant it literally. But no—Rosie’s client’s…
New Tax Increase for Wealthy Americans: Will You Pay More? In March, Congress passed landmark legislation that will affect taxpayers in good ways and bad. It’s called the Health Care and Education Affordability Reconciliation Act of 2010. You’ve heard talk about the benefits for folks…
Tax Tips for Commercial Real Estate Owners Once upon a time, TaxMama handled taxes and accounting for a small empire of commercial real estate projects around the country. Tax laws and business structures were much simpler then, before the Tax Reform Act of 1986 simplified…