The IRS has begun mailing notices to businesses, financial institutions, and other payers that filed certain returns with information that doesn’t match the agency’s current records. These CP2100
You may have dreamed of turning your hobby into a regular business. If so, you wouldn’t be alone. If your new business is profitable you won’t have any
What are the tax consequences of selling property used in your trade or business? Several rules can potentially apply to the sale of business property. To simplify discussion,
Sometimes homeowners decide to move to new residences, but still keep their present homes and rent them out. If you’re thinking of doing this, you’re probably aware of
There are several financial and legal implications when adding a new partner in a partnership. Let’s say you and your partners are planning to admit a new partner.
The tax filing deadline for 2021 tax returns is April 18, 2022. After your 2021 tax return has been successfully filed with the IRS, here are a few
If you invest in mutual funds (or you’re interested in putting some money into them) you’re not alone. According to the Investment Company Institute, a survey found 58.7
The federal government is helping to pick up the tab for certain business meals. Under a provision that’s part of one of the COVID-19 relief laws, the usual
Once a relatively obscure concept, “income in respect of a decedent” (IRD) may create a surprising tax bill for those who inherit certain types of property, such as
The April 18 tax filing deadline is coming up soon. Sometimes, it’s not possible to gather your tax information and file by the due date. If you need
Here are some of the key tax-related deadlines that apply to businesses and other employers during 2022’s second quarter. Keep in mind there may be additional deadlines that
Summer will be here before you know it. If you’re fortunate enough to own a vacation home, you may be thinking of renting it out for part of
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