Can an employer legally take or share service tips from an employee?

Failing to file 1099 information returns can lead to IRS penalties, audits, and fines. Many businesses and freelancers overlook these

Independent contractors have several differences in the way that they should conduct business with an employer, as outlined by the IRS. The difference between an independent contractor and an employee can be confusing for some employers.

Knowing the difference between an employee and an independent contractor is critical for both tax and legal purposes. If an independent contractor is misclassified as an employee the consequences can be costly.

The IRS uses a 20 factor common-law test to determine whether a worker is an independent contractor or an employee, and offers Form SS-8 for employers or workers who need assistance with this determination.

Form 1098-T is an IRS information return that colleges and universities issue to students. It includes the student’s name, taxpayer

Form 1098-E reports student loan interest paid during the year. If you paid interest on a qualified student loan, you

Moving to a new home can be stressful—but understanding your tax obligations doesn’t have to be. If you’re one of

If your marital status has recently changed, being proactive about your taxes can help you avoid delays and maximize your

There are some great benefits to hiring an independent contractor but these types of workers are not without their disadvantages.

This article will go into detail on some of the advantages and disadvantages of hiring an employee over a contractor from an employer’s perspective.