Are Scholarships Taxable?

Are Scholarships Taxable?

Are Scholarships Taxable? Many young adults are heading off or back to college in the fall. It’s particularly exciting this year because of high hopes that, thanks to mass vaccinations, students will be able to have something approaching a traditional college...
A Tax Quirk of Being a Business Partner

A Tax Quirk of Being a Business Partner

If you’re a partner in a business, you may have encountered a situation that gave you pause. In any given year, you may have been taxed on more partnership income than was distributed to you. The cause of this quirk of taxation lies in the way partnerships and...
Family Businesses Must Beware of Fraud

Family Businesses Must Beware of Fraud

Family businesses make up a huge percentage of companies in the United States and produce much of the country’s gross domestic product. Generally defined as companies that are majority-owned by a single family with two or more members involved in their management,...

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