IRS Rules

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Hiring Kids for Summer Work

The kids have been out of school for almost a month now. You may have put them to work for the summer on the family farm or ranch. Sometimes kids work for free, work for cash, or maybe calf shares. Did you know you can pay them a wage and…

June 17, 2024

Rules of Record Retention

Clients often ask how long they need to keep particular records. The answer is not as clear-cut as one may think. In general, the records should be kept for as long as they may be needed for federal and state tax returns, or for other possible legal reasons. Records supporting…

June 14, 2023