The IRS will look at several aspects and issues before determining if your hobby is a for-profit business. Read all about it in this Business Tip.
As a way to partially pay for provisions in the new health care law, put a cap of $2,500 on FSA contributions. Read more in this Tax Tip.
Congress included a tax credit in the health care law to help lower income individuals pay for their health insurance. Learn more in this Tax Tip.