Tax Break for Sales of Inherited Homes

People who inherit property are often concerned about the taxes they will owe on any gain from that property’s sale.

It is not uncommon for individuals to loan money to relatives to help them buy a home. 

WASHINGTON — Businesses and tax-exempt organizations planning to claim the  work opportunity tax credit (WOTC) for eligible workers hired during 2014 have until April 30 to request the [...]

May 2015 May 11 Employers – Employees are required to report to you tips of $20 or more earned during February. May 15 Employers – Deposit payroll tax for April if the monthly deposit [...]

Each year the IRS reports about $1 billion in unclaimed refunds for individuals who did not file a tax return. 

Business owners – especially those operating small businesses – may be helped by a tax law allowing them to deduct up to $5,000 of the start-up expenses in the first year of the business’s operation.

If you work for tips, you should know some things about tips and taxes.

Did you change your name last year? If so, it can affect your taxes.

The vast majority of Americans get a tax refund from the IRS each spring, but what if you are one of those who end ends up owing?

Identity thieves may already have a lot of information about you – like your credit card number, the card’s expiration date, and your name, address, and phone number.