Are you getting married or divorced? If so, you need to know the year-end rules that apply in case you want to grab some extra tax savings this year.
If you have children under the age of 18 and file your tax return as a proprietorship or partnership, you can find big savings in the work your children do for your business.
And if you operate as a corporation, don’t neglect to hire your children; there are good savings for you there, too.
In this article, you will find five year-end tax-deduction strategies that apply if you are getting married or divorced, have children who did or could work in your business, and/or have situations where you give money to relatives and friends. ... Log in to view full article.