Rules for Claiming a Dependent on a Tax Return
When filing a federal tax return, you may be able to claim a dependent, which can reduce your taxable income and make you eligible for valuable tax credits like the Child Tax Credit or the Credit for Other Dependents. However, the IRS has strict rules regarding who qualifies as a dependent under the tax code. […]
Why Small Business Owners Need a Proactive Tax Strategy
For small business owners, taxes can feel like an unavoidable burden—something to deal with once a year when filing season arrives. However, treating taxes as a once-a-year task can lead to missed opportunities, unnecessary stress, and, worst of all, overpaying the IRS. A proactive tax strategy is essential for small business owners who want to […]