Capitol Digest

Section

Taxes & IRS

Filing guidance, rule changes, and what they mean for your wallet.

The IRS Says Phone Wait Times Are Down. Filers Are Cautiously Hopeful
Taxes & IRS

The IRS Says Phone Wait Times Are Down. Filers Are Cautiously Hopeful

After years of complaints, the agency reports shorter hold times and more callbacks, though the improvement is uneven across issues.

Star Nails in Elizabeth City: Half on the Check, Half in Cash — The Payroll Habit the IRS Takes Most Seriously
Taxes & IRS

Star Nails in Elizabeth City: Half on the Check, Half in Cash — The Payroll Habit the IRS Takes Most Seriously

Paying part of a worker's wages in cash off the books can create serious payroll-tax, reporting, and worker-classification problems. Here is why accurate payroll records matter for salon owners and workers.

Capital Gains Taxes, Explained for Everyday Investors
Taxes & IRS

Capital Gains Taxes, Explained for Everyday Investors

The difference between short-term and long-term gains, and a few timing strategies, can meaningfully change what investors owe.

Nails Tech in Winston-Salem: Half on the Check, Half in Cash: The Payroll Habit the IRS Takes Most Seriously
Taxes & IRS

Nails Tech in Winston-Salem: Half on the Check, Half in Cash: The Payroll Habit the IRS Takes Most Seriously

Paying part of a worker's wages in cash off the books can feel like a win for everyone, but of all the habits in this series it's the one the IRS treats most seriously. Here is why it raises concern, and why it quietly hurts your staff too.

The Nail Garden in Fallon: Half on the Check, Half in Cash: The Payroll Habit the IRS Takes Most Seriously
Taxes & IRS

The Nail Garden in Fallon: Half on the Check, Half in Cash: The Payroll Habit the IRS Takes Most Seriously

Paying part of a worker's wages in cash off the books can feel like a win for everyone, but of all the habits in this series it's the one the IRS treats most seriously. Here is why it raises concern, and why it quietly hurts your staff too.

A Practical Guide to Quarterly Estimated Taxes for the Self-Employed
Taxes & IRS

A Practical Guide to Quarterly Estimated Taxes for the Self-Employed

Freelancers and small business owners who skip estimated payments can face penalties, but a simple system keeps them on track.

Marina Nail Lounge in Cibolo: Half on the Check, Half in Cash: The Payroll Habit the IRS Takes Most Seriously
Taxes & IRS

Marina Nail Lounge in Cibolo: Half on the Check, Half in Cash: The Payroll Habit the IRS Takes Most Seriously

Paying part of a worker's wages in cash off the books can feel like a win for everyone, but of all the habits in this series it's the one the IRS treats most seriously. Here is why it raises concern, and why it quietly hurts your staff too.

The Tax Deductions and Credits Americans Most Often Overlook
Taxes & IRS

The Tax Deductions and Credits Americans Most Often Overlook

From education credits to state sales tax, several breaks go unclaimed simply because filers do not know they qualify.

What Homeowners Should Know About Mortgage and Energy Tax Breaks
Taxes & IRS

What Homeowners Should Know About Mortgage and Energy Tax Breaks

Deductions for mortgage interest and credits for efficient upgrades can add up, but the rules reward careful record-keeping.