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10 Celebrities Convicted of Tax Evasion

Despite tax evasion being a serious crime that can bring steep penalties and even jail time, there are still those who try to avoid paying their taxes. As we finish up our own taxes this tax season, here are 10 high-profile tax evasion cases that are a reminder of what can happen when you don’t pay your taxes—even to the rich and famous. more...

Geoffrey O’Brian - Apr 2011 - Celebrity Lawsuits
LLC or LP: What's Best for Your Business?

With so many business formation choices available, how do you decide what's best for your business? What are the differences and benefits? Find answers to common questions in our comparison of LLCs and LPs. more...

Stephanie Paul - Feb 2011 - Starting Your Business
9 Helpful Tips to Get Organized for Tax Time

With tax season around the corner, it’s never too early to start getting organized. That way, you can avoid the headaches and stress of waiting until the last minute. These nine tips can help get you started and make sure you have what you need to file your taxes on time. more...

Michelle Fabio, Esq. - Jan 2011 - Personal Taxes
Understanding the Gift Tax

While December is the season of giving, it’s also the season of estate planning. That’s because December is the last month of the year to take advantage of the low gift tax rate. So while you’re planning what gifts to give, you can think about giving gifts of your estate, which can help reduce the potential estate tax burden to your family in the future. more...

Heleigh Bostwick - Dec 2010 - Estate Taxes
What’s Happening with the Estate Tax?

Since 2001, the federal estate tax has been dwindling down to nothing. But beginning next year, the estate tax is scheduled to return—hopefully, not with a vengeance. Get the latest on the estate tax rate, Congressional action and the proposed exemption rate. Plus a little-known tip that the federal estate tax isn’t the only one you have to worry about. more...

Michelle Fabio, Esq. - Dec 2010 - Estate Taxes
Tax Breaks and Incentives for Small Business Set to Expire

Small business is as the heart of the nation’s employment, paying nearly half of America’s payroll and generating more than half of the new jobs over the last year and half. Yet continued pessimism and a steady erosion of our position internationally has caused concern. Lawmakers recently passed a slew of tax cuts and incentives to boost small business growth. While some changes are permanent, others are set to expire by the end of 2010. more...

C. Yoder - Dec 2010 - Running Your Business
Leaving Money for College: Education Trusts

The cost of raising a child is at an all-time high of $222,360. And a good chunk of that—16%—is education costs. One way to cover ever-growing education costs is by setting up an education trust. An education trust can pay for school and help avoid estate taxes—we tell you how. more...

Stephanie Morrow - Sep 2010 - Personal Finance
Small Business Relief to Drive Economic Growth

The government claims its easing the burden on small businesses, but what are recent initiatives really doing to increase the small business outlook? Check out this breakdown. more...

C. Yoder - May 2010 - Government & Politics
How to Avoid a Tax Audit

Thinking about writing off that "business expense"? You may want to think again. Learn which tax breaks to use, and which ones to use with caution. more...

Bilal Kaiser - Apr 2010 - Business Taxes
Tax Breaks for Home-based Businesses Go Unclaimed

Millions of American businesses are run out of homes, and for good reason. It’s the most direct way to start, and the cheapest way to build an enterprise. Those benefits are obvious in the tough economy–-but for too many entrepreneurs, one simple advantage of working at home is not so easy to see: a gift from the federal government. more...

C. Yoder - Apr 2010 - Business Taxes