Reliable news, insightful information, and trusted media from around the world.
The alternative is to file as married filing separately. It’s the year when your divorce decree becomes final that you lose the option to file as married ...
Read Journal
There are three main ways to handle the home: Sell the house and split the proceeds. One ex-spouse keeps the home and refinances the mortgage to remove th...
Read Journal
Penalty for Missed Payments Due to Failure to Report The IRS levies a failure-to-file penalty of 5 percent for each part of a month that a return is late,...
Read Journal
Traditional business plans use some combination of these nine sections. Executive summary. Briefly tell your reader what your company is and why it will b...
Read Journal
The IRS basically ignores gifts that don’t breach the annual gift tax exclusion. For tax years 2020 and 2021, the annual gift tax exclusion stands at $15,...
Read Journal
Capital Gains Tax is a tax imposed on the gains presumed to have been realized by the seller from the sale, exchange, or other disposition of capital asse...
Read Journal
If you cannot get a copy of your W-2 or 1099, you can still file taxes by filling out Form 4852, “Substitute for Form W-2, Wage and Tax Statement.” This f...
Read Journal
Active s corporation owners are required to run payroll One such compliance rule for s corporations is the “reasonable salary” requirement. The IRS says t...
Read Journal
You can apply to withdraw benefits with Social Security form SSA-521. Send or hand-deliver the completed form to your local Social Security office. Once S...
Read Journal
You evaluate the appropriate classification of your vacant land at the time of the sale. Short-term capital assets include land you hold for one year or l...
Read Journal