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What tax records from 2017 can you toss once you’ve filed your 2017 return? The answer is simple: none. You need to hold on to all of your

You may have breathed a sigh of relief after filing your 2017 income tax return (or requesting an extension). But if your office is strewn with reams of

The Tax Cuts and Jobs Act (TCJA) includes several changes that affect tax breaks for employee benefits. Among the changes are four negatives and one positive that will

When a company’s deductible expenses exceed its income, generally a net operating loss (NOL) occurs. If, when filing your 2017 income tax return, you discover your business had

This year the federal income tax filing deadline is slightly later than usual — April 17 — but it’s now nearly upon us. If you haven’t filed your

Classifying workers as independent contractors (rather than employees) can save businesses money, as well as providing other benefits. But the IRS is on the lookout for businesses that

IRAs and similar tax-advantaged retirement plans allow your money to grow tax-deferred — or, in the case of Roth accounts, tax-free. The deadline for making a 2017 contribution

Depending on several factors you might be able to claim them. Factors include your parent’s income and how much financial support you provided. If you qualify for the

Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2018. Keep in mind this list isn’t all-inclusive, so there

When appreciated business assets (such as real estate) are sold, normally tax is owed on the appreciation. But there’s a way to defer this tax: a Section 1031

Home ownership is a big part of the American dream for many people, and the U.S. tax code includes several tax breaks to help support this dream. If

If you suffered damage to your home or personal property last year, you may be able to deduct these “casualty” losses on your 2017 federal income tax return.