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Revisiting a History of Marriage in the Tax Code, Part 3

By | August 17th, 2017|Categories: Potpourri of Tax Topics|Tags: , , |

In Part 3 of this series, we explore why joint tax returns were so common even after major tax-law changes in 1917.

Can I Claim My Disabled Daughter as a Dependent?

By | August 15th, 2017|Categories: Potpourri of Tax Topics|Tags: , , |

Your daughter is likely your dependent. The key test is: is she providing more than ½ of her own support?

What is the Income Threshold for Going from Sole Proprietor to S-Corp?

By | August 9th, 2017|Categories: Small Business Tax and Accounting|Tags: , , |

I say it depends on your cash flow and whether or not you can afford to pay yourself a reasonable salary for the work you’re doing.

Does My Business Need a Separate Bank Account?

By | August 3rd, 2017|Categories: Small Business Tax and Accounting|Tags: |

The headline to this post asks a common question. And the answer is, yes!

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Revisiting a History of Marriage in the Tax Code, Part 2

By | August 1st, 2017|Categories: Potpourri of Tax Topics|Tags: , |

In the beginning, in 1913, there were no filing statuses. There was just one tax bracket that applied to all taxpayers.

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