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We've all seen it or heard about it.
Have you ever wondered what exactly a cross-tested profit sharing plan is?
Vacation is the respite from the daily grind that we look forward to all year, whether it comes during the summer or the winter holidays or a random long weekend. After all, even if you like your job, doesn't everybody deserve a few days to themselves?
After hundreds of retailers and restaurants ran afoul of the law by printing expiration dates of credit and debit cards on receipts, a change protects them from frivolous lawsuits. 
Is your company interested in sponsoring out-of-town trips for employees? The value of these get-togethers can be considered a "working condition fringe benefit" that is deductible by the company and excludable from employees' income. But the rules involved in tax-advantaged trips are strict and the IRS often challenges them. But with the right activities and documentation, companies can prevail - as this court case illustrates.
Let's say you own a highly appreciated home. You want to sell the property and convert the equity into an income-producing investment. But there's one problem: The amount of gain is expected to be much more than the $250,000 that you can pocket tax-free under the tax law ($500,000 for married couples filing jointly.) You have to pay taxes on the profit above that amount. But there might be a strategy to avoid a big bill that combines two tax breaks and has the approval of the IRS. Click "Full Article" for the details.