When filing your federal income tax return, taxpayers can choose to either take the standard deduction or to itemize their deductions. The IRS has put together the following six facts to help you choose the method that gives you the lowest tax. Whether to itemize deductions on your tax return depends on how much you ...

Bartering is the trading of one product or service for another. Because cash usually isn't exchanged, bartering is appealing to artists and small business owners alike. But did you know that a barter has tax implications? ...

The IRS offers new virtual workshops and other resources geared toward small businesses ...

Here are eight facts about the five filing status options the IRS wants you to know so that you can choose the best option for your situation ...

Here are seven things every business owner should know about hiring people as independent contractors versus hiring them as employees. ...