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You can be subject to penalties if you don’t pay enough tax during the year through estimated tax payments and withholding. Here are some strategies to protect yourself: Know the minimum payment rules. Your estimated payments and withholding must equal at least 90% of your tax...

Back-to-school shopping is just one example of how expensive it can be to raise a child. Today’s youngsters want more than pencils and gym shoes to start the school year. Kids also expect (and often get) cell phones, personal computers and designer jeans. The costs continue...

Some companies work with independent contractors to save time, money and headaches. However, there are considerable accounting and tax implications if you make the wrong choice regarding a worker’s status. If you decide to hire an independent contractor and the IRS later...