Does Your Child Need To File a 2011 Tax Return?
You should determine whether or not your child needs to file a 2011 tax return. A return is needed if wages exceeded $5,800, your child had self-employment income over $400, or investment income exceeded $950. If the child had both wages and investment income, other...Don't Forget the "Nanny Tax"
If you paid a household worker, such as a gardener, housekeeper, or nanny more than $1700 in 2011, you may be liable for payroll taxes on the wages paid. The same applies if you will pay more than $1800 to these people in 2012. With questions or for more...Corporate Minutes Support Tax Position
You should think of your board of directors’ minutes as a key element of your tax planning strategy.