Many people earn income from activities they genuinely enjoy, whether it’s breeding horses, restoring classic cars, photography, woodworking, farming, crafting, or other pursuits. As these activities grow, taxpayers often wonder whether they can be treated as businesses for tax purposes rather than hobbies. The distinction is important…
Parents and grandparents often look for ways to help younger family members achieve important financial goals, whether it’s paying for college, purchasing a first home, or building long-term wealth. Gifting investments or other assets is one strategy families may consider as part of broader financial and estate planning….
Written by David Neuman, JD LMC Tax & Legal Manager As remote work continues to reshape the modern workforce, many businesses are hiring employees who live outside the state where the company is based. While this approach provides access to a broader talent pool and increased flexibility, it…
