What every employer and potential worker needs to know about the Employee vs. Independent Contractor relationship. Employers will be biased to treat a worker as an Independent Contractor as a means to avoid payroll taxes (FICA, Medicare, Workers Compensation, Unemployment Taxes, etc.). As an Independent Contractor, the employer can also exclude them from health care and retirement plan benefits.

You may know when to hold ‘em and when to fold ‘em but do you how and when to report ‘em? Here are the tax rules.

Do not open: IRS emails - Tax Tip of the Week. The IRS has issued numerous press releases advising taxpayers that they will never initiate contact via email.

As you may or may not be aware, the requirement to take a Required Minimum Distribution (RMD) from an IRA or other qualified retirement plan was suspended for 2009.

In the last two weeks we have discussed your federal income tax rates and federal capital gain taxes.This week we are going to discuss all of the other taxes that fly out of your pocket.