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Closing Your Business: A Tax Checklist - Jul 2020 (Money)
More than 100,000 small businesses have closed due to COVID-19. If yours is one of them, you should be aware that there is more to closing a business than laying off employees, selling office furnitur...
Mukesh Makker
Reporting Farm Income and Expenses - Jul 2020 (Money)
Farms include plantations, ranches, ranges and orchards and farmers may raise livestock, poultry or fish, or grow fruits or vegetables. If you're in the farming business or are thinking about it, here...
Mukesh Makker
Retirement Accounts: Rollover Relief for RMDs - Jul 2020 (Money)
Generally, taxpayers must begin taking a required minimum distribution (RMD) from a defined-contribution retirement plan, including a 401(k) or 403(b) plan, or an IRA when they reach age 72 (70 1/2 if...
Mukesh Makker
Employee Retention Credit Deadline July 31 - Jul 2020 (Money)
As a reminder, employers whose business has been financially impacted by COVID-19 can take advantage of the Employee Retention Credit, a refundable tax credit designed to encourage businesses to keep ...
Mukesh Makker
Tax Tips for Students With a Summer Job - Jul 2020 (Money)
Whether the goal is to gain experience or earn some spending money or help pay for college, summer is the prime job season for teens and college students. This year, however, with the coronavirus pand...
Mukesh Makker
Here's How to Pay If You Owe Money to the IRS - Jul 2020 (Money)
The federal tax deadline is quickly approaching. If you owe money to the IRS - including estimated and other business taxes - here are six options for quick and easy electronic payments:Taxpay...
Mukesh Makker
July 15 Deadline for Reporting Foreign Income - Jul 2020 (Money)
If you live or work outside the United States, you generally must file and pay your tax in the same way as people living in the U.S. This includes people with dual citizenship. Due to the coronavirus ...
Mukesh Makker
Small Business Financing: Securing a Loan - Jul 2020 (Money)
At some point, most small business owners will visit a bank or other lending institution to borrow money. Understanding what your bank wants, and how to properly approach them, can mean the difference...
Mukesh Makker
Should I Buy Rental Car Insurance (Money)
Should I buy extra insurance when renting a car?We’ve all been there, standing at the rental car counter wondering, "Do I really need to buy the Collision Damage Waiver (CDW) and Loss Damage W...
Patrick Shockley
Why Insurance is not D.I.Y. (Money)
Insurance is Not D.I.Y. In the new world of technology, many people think they can shop online for their auto and homeowner insurance needs, but there are some things that you should not do yo...
Patrick Shockley

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