The Brilliant Blog

In addition to winning an Olympic medal, winners are compensated by the U.S. Olympic Committee with tax-free prize money:

Planning taxes in mid-year is a smart move. Here is a list of several life events that may trigger tax opportunities or consequences:

The Biden administration released its 2022 fiscal year budget. Here are details of some of the proposed tax changes:

Freelancing is an income source for many people. It’s important for those providing services that they know their tax obligations:

If you buy a new car, how should you deal with an old car? Options with and without tax ramifications are available:

Here's how to determine which tax documents should be kept and which can be disposed of after a certain period of time:

Here are several reasons retirement savers might prefer Roth IRAs over traditional IRAs:

If you provide a family daycare business through the use of your home, you may be able to deduct some expenses related to your business.

Several tax benefits included in the American Rescue Plan Act will impact families with children and lower-income taxpayers during 2021:

If you are recently divorced or are contemplating divorce you will have to deal with or plan for significant tax issues...

With the ever-increasing complexity of our tax system, it is a commonplace for many small businesses to make mistakes with bookkeeping...

The IRS estimates it will take through the end of summer to review and correct all of the returns.

Important due dates for businesses and individuals coming up in June 2021.

Investment can be an excellent opportunity, but it also involves an entirely unfamiliar set of rules when it comes to your taxes.

Couples married on the last day of the tax year have two filing status options: married filing jointly or married filing separately...

If you have not filed your 2020 tax return, May 17 is the due date to file a return or an extension and pay any taxes you owe:

Is your hospitality business eligible for aid through the Restaurant Revitalization Fund (RRF)? Learn more about the RRF and how to apply:

If you can't pay the tax you owe, it is in your best interest to make other arrangements to avoid heavy penalties. Here are a few options:

Important due dates for businesses and individuals coming up in May 2021.

With the help of vaccines, new businesses will be opening as the economy returns to near normal. New business owners may be helped by...