The IRS wants you to file your tax return. That's why it has guides to help you with nearly every tax situation. Find the IRS publication that covers your particular situation.
WASHINGTON — Farmers who were forced to sell livestock due to drought may have an additional year to replace the livestock and defer tax on any gains from the forced sales, according to the Internal Revenue Service. To qualify for relief, the farm or ranch must be in an applicable region....
An owner of a gas station spent $300,000 of his money to clean up a gasoline spill that occurred at his gas station. He was lauded by the community for being a responsible person. He then claimed the cleanup cost as abusiness expenseon his tax return. However, the IRS disagreed because...
Let’s say you’re employed herding sheep for Farmer Joe and you pick up a little extra cash writing articles for a sheep-shearing publication on a freelance basis. You may be tempted to submit only the W-2 form from your herding job and keep the freelance writing income on your Form ...
Property Tax in most areas goes directly to fund the “public purpose” of public education. (confer #10). The US government is the single largest land owner, but instead of selling off “public” land, the government continues to acquire more under the guide of “protecting wilderness” ...