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The tax consequences of the sale of an investment, as well as your net return, can be affected by a variety of factors. You’re probably focused on factors such as [...]

All charitable donations aren’t created equal — some provide larger deductions than others. And it isn’t necessarily just how much or even what you donate that matters. How the charity [...]

Information from IRS.gov Medical expenses can lower taxes. It is important to keep good records and know what to deduct. Here are some tips to know what qualifies as medical and [...]

If you recently filed your 2016 income tax return (rather than filing for an extension) you may now be wondering whether it’s likely that your business could be audited by [...]

Income and losses from investment real estate or rental property are passive by definition — unless you’re a real estate professional. Why does this matter? Passive income may be subject [...]

Private companies with more than one owner should have a buy-sell agreement to spell out how ownership shares will change hands should an owner depart. For businesses structured as C [...]

It’s a smaller business world after all. With the ease and popularity of e-commerce, as well as the incredible efficiency of many supply chains, companies of all sorts are finding [...]

Each year, millions of taxpayers claim an income tax refund. To be sure, receiving a payment from the IRS for a few thousand dollars can be a pleasant influx of [...]

Information  IRS.gov If you use your home for business you may be able to deduct expenses for the business use of it. Qualified persons can claim the deduction whether they rent or [...]

Whether the economy is cold or hot, some individuals and organizations wind up filing for Chapter 11 bankruptcy. If you stay in business long enough, some of their names will [...]

Information from IRS.gov The deadline for filing your Form 1040 personal income tax return and paying any tax owed was April 18. If you file late and have tax due, you will have penalty. [...]

Info from IRS.gov First of all, don't panic! The IRS offers the following information. __________________________________________________________________________________________________________________________________ The IRS mails millions of pieces of correspondence every year to taxpayers for a variety [...]

Info IRS.gov You can fix mistakes or omissions on their tax return by filing an amended tax return. The following tips may help if you need to amend your return. Use [...]

Let's say your brother-in-law is starting a new business. You listen to his idea, read his business plan and think the endeavor sounds promising. Your brother-in-law asks if he can [...]

While April 15 (April 18 this year) is the main tax deadline on most individual taxpayers’ minds, there are others through the rest of the year that are important to [...]