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Inheritances aren't considered income for federal tax purposes, but subsequent earnings on the inherited assets, including interest income and dividends, are taxable (unless it comes from a tax-free source). The executor can choose an alternate valuation date (six months after the date of death...
I wanted topmost an update. So this has to do with the employee work location. There is definitely some flaws in the quickbooks interface as there is no way to delete the previous work location and/or modify the new one. I had to have several direct call...
As technology continues to advance, it is also essential to stay up to date with the latest accounting software and tools. Proficiency in using accounting software such as QuickBooks, Excel, and specialized industry-specific software can greatly enhance your marketability and efficiency in the workpla...
The students sell subscriptions of produce to members of the community and have begun to generate profits. Because of the profits, they have had to learn accounting, marketing, and sales. Additionally, because Muir Ranch is an entrepreneur project, the students will qualify for college credit. ...
The Taxpayer Advocate Service describes itself as "your voice" inside the IRS. The service isn't a complaint department or an all-purpose help desk. Rather, it's designed to be a "safety net"—a team of specialists who can step in when taxpayers are expe
Do you have an outstanding debt that's past due, and you're concerned that a collection agency will take your federal tax refund because of it? Watch this video to find out what agencies can take your tax refund.
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The IRS puts a limit on the time in which you can claim a refund for the over-payment of tax. However, you can't check if you have a refund due to you until you complete a tax return. To amend a prior year return to claim any overpaid taxes, you have thr
The Internal Revenue Service allows taxpayers to file for an extension if they need more time to prepare their tax return. You can obtain a tax extension for any reason; the IRS grants them automatically as long as you complete the proper form on time. C