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Death of a Taxpayer: How Tax Information is Handled for the Deceased When a taxpayer dies, there are tax-related loose ends that must be tied up, especially if that taxpayer earned income during the final year of their life. The process here can be complicated and will involve several forms – all of which

Sole Proprietor or Partnership? Don’t Forget Self-Employment Taxes If you operate a business as a sole proprietor or in a partnership, you’ll need to set aside additional income (and time) to satisfy your self-employment (SE) tax obligations. SE taxes are added to your income tax, but there are deductions that only the self-employed can