Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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Hiring independent contractors is a good way to cut costs. But you must know the rules. A misstep can result in hefty tax bills and penalties. Here's the latest information about the IRS and independent contractors so you can avoid an IRS audit.
Here are three quick ways that generous grandparents can help pay for the high cost of college and save the family a big tax bite. All it takes is a little careful structuring of your gifts.
