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Posts from June, 2017

  • Alert to Parents Who Hire Their Children The Social Security Administration (SSA) may question the validity of wages if the recipient is on record as a young child. Unless you can provide acceptable detail such as date of birth and job responsibilities, your child may not be given credit for the correct amount of ... Continue Reading
  • Deducting Casualty Losses Casualty losses can occur when there’s damage or destruction of your property caused by a sudden or unexpected event or natural disaster, such as theft, tornado, fire, hurricane, flood, or earthquake. The good news in what’s normally a bad situation is that in most cases, ... Continue Reading
  • Summertime Child Care Expenses May Qualify for a Tax Credit The Child and Dependent Care Credit is available for expenses incurred during the lazy hazy days of summer and throughout the rest of the year. Here are seven facts the IRS wants you to know about a tax credit available for child care expenses. Applicable for care of ... Continue Reading