Tag Archives: relatives

Dependents: What are the tax rules?

Most taxpayers believe that a “dependent” is a minor child that lives with them. While that is essentially correct, dependents can include parents, other relatives and nonrelatives, and even children who don’t live with you. There is really much more … Continue reading

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Tax rules apply to family loans

There are many worthwhile reasons to lend money to a relative. For example, you may want to help a child or sibling continue their education or start their own business. But lending money to relatives can have tax consequences. The … Continue reading

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Tips for starting a home business

In these tough economic times, many people are taking a hard look at employment alternatives — some, because they’ve lost their seemingly stable jobs in the corporate world; others, because they dream of striking out on their own. In addition, … Continue reading

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