Studies have found that more people are engaging in online gambling and sports betting since the pandemic began. And there are still more...

Low interest rates and other factors have caused global merger and acquisition (M&A) activity to reach new highs in 2021, according to...

Given the escalating cost of health care, there may be a more cost-effective way to pay for it. For eligible individuals, a Health...

If you use an automobile in your trade or business, you may wonder how depreciation tax deductions are determined. The rules are...

Many homeowners across the country have seen their home values increase recently. According to the National Association of Realtors, the...

A business may be able to claim a federal income tax deduction for a theft loss. But does embezzlement count as theft? In most cases it...

As we approach the holidays and the end of the year, many people may want to make gifts of cash or stock to their loved ones. By properly...

Employer-provided life insurance is a coveted fringe benefit. However, if group term life insurance is part of your benefit package, and...

If you’re a business owner and you’re getting a divorce, tax issues can complicate matters. Your business ownership interest is one of...

There may be a tax-advantaged way for people to save for the needs of family members with disabilities — without having them lose...

What if you decide to, or are asked to, guarantee a loan to your corporation? Before agreeing to act as a guarantor, endorser or...

If your child is fortunate enough to be awarded a scholarship, you may wonder about the tax implications. Fortunately, scholarships (and...

If your business receives large amounts of cash or cash equivalents, you may be required to report these transactions to the IRS. What...