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June 2015 June 10 Employers – Employees are required to report to you tips of $20 or more earned during February. June 15 Individuals living outside the U. S. – If you are a U.S. [...]

One frequently overlooked tax benefit is the “spousal IRA.”

If you failed to report foreign assets on your recent tax return, the IRS’s Streamlined Voluntary Filing Compliance Program may be for you.

Selling a property one has owned for a long period of time will frequently result in a large capital gain, and reporting all of the gain in one year will generally expose the gain to higher than [...]

The penalty for not having minimum essential health insurance for yourself and other members of your tax family takes a substantial jump in 2015.

If your income is primarily from wages and you received a very large refund—or worse, if you owed money—then your employer is not withholding the correct amount of tax

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 [...]