Taxes

Everyone knows (or should know, at least) that we pay taxes on investments when we sell and money on them. Some of us also know that all our losses are deducted against our gains. In broad terms, there are tax consequences whenever we change our investment mix. What many don’t know, however, is that some […]

On Jan. 1, German citizen Hans Schlabaugh arrived in the United States for business meetings. He returned to Germany 10 days later. Then, on May 15, Schlabaugh traveled to the U.S. again, this time on a visa to work for the American division of his employer for the remainder of the year. For tax purposes, […]

What could be more carefree than being a student? You eat leftover pizza for breakfast, you do your laundry once a month and you occasionally show up in class when the cost-benefit analysis of grades versus effort tips. This is exactly what people who are not currently students assume: College life is nothing but a predictable, drowsy […]

If your first question about filing taxes with tip income is, “Uh, how do I file taxes with tip income?” then you’re in the right place. Unless you’re an expert tax filer — or you just have an amazing long-term memory that allows you to recall your detailed tax returns from year to year — you probably […]