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Income Taxes

How Job Loss Can Affect Your Income Taxes

How does losing your job affect your income tax?  The first and most obvious answer is that, unless you obtain a new job or source…


Income Taxes for the Self-Employed

You are considered to be self-employed if you engage in a trade or business as a sole-proprietor or an independent contractor.  Some examples would be…


Understanding the Alternative Minimum Tax (AMT)

The Alternative Minimum Tax (AMT) was originally established to target the wealthiest of taxpayers and was called the 'Millionaire's Tax.'  Established in 1969 (as the…