The Finances and Taxes of Car Leasing

 Both leasing and buying have advantages and disadvantages, just like renting or buying a house. The most obvious difference is that with a lease, you get a new car every few years and don't have to deal with selling the car. If you like having the newest technology...

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Know How to Handle Canceled Debt

We all understand that  all understand that when we borrow money, we're legally obligated to repay it. What happens when you're forgiven in part and don't have to pay back the full amount? After many huzzahs, you discover that it's not entirely forgiven. The amount of...

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Employers: Know Your Tax Forms

If you run a business, you need to know about the following forms. Form W-2  Employers must complete a Form W-2 for each employee. These wages and taxes are reported annually on the W-2. However, W-2s aren't filed directly with the IRS. Instead, employers file...

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5 Things to Consider About Changing Payday

You may have a good reason to change your payday, but before you make your move, be sure to take into account various rules and implications. Fair Labor Standards Act The FLSA requires prompt payment of wages but does not specifically address pay frequency or payday...

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What Is the Marriage Penalty?

The Tax Cuts and Jobs Act affected a variety of calculations, and the tax liability differences between married and single taxpayers is a complex story. As the Tax Foundation notes: "One unintended feature of the United States' income tax system is that the combined...

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