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Tax Form 1099-MISC: Miscellaneous Income
Reporting Miscellaneous Income and Payments to the IRS Form 1099-MISC is an information return used to report certain miscellaneous income/payments to the IRS. If…
6 Tips to Help You Avoid an IRS Tax Audit
Although the IRS only audits about 1.1% of the over 140 million returns it receives each year, for those people who do receive an audit…
Business Taxes: Important Due Dates
In general, all businesses operating in the U.S. are required to report their activities to the IRS by filing annual tax returns. The due date…
5 Tax Deductions for Businesses
Beyond normal day-to-day business expenses, there are many other tax deductions that can help business owners reduce their tax liability. Not using all the deductions…
Tax Deductions for Medical Expenses
Medical expenses, especially if they are unexpected, can take a bite out of your savings. However, you may be able to find some tax relief…
Understanding the Standard Deduction
How the Standard Deduction Can Reduce Your Federal Tax Bill It’s the age-old question: Should you take the standard deduction, or should you itemize…
Top Options for E-Filing Your Tax Return
Roughly one in three Americans files their own taxes online, rather than using a professional tax preparer. If you're going to file electronically, there are…
Top 10 Tax Tips If You Sold Your Home in 2023
Have you heard of this? You might not have to pay taxes on the gain if you sell your home and make a profit. Yes,…
