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.
The IRS defines another type of rental property as short-term or a vacation rental if rented for less than two weeks within a calendar year. A vacation home is considered a rental if it is rented out at any time during the course of the year. For most vacation homeowners, time ...
If you move or otherwise use more than one home for your business during the year – such as your primary residence and a vacation home – you can only use the simplified method to calculate the deduction for one home. You then have to complete a separate Form 8829 to figu...
Nobel Peace Prize money: The IRS requires you to pay taxes on any money you receive for winning the Nobel Peace Prize or Pulitzer Prize unless you donate the payment to a tax-exempt charity before receiving it. However, if you accept the money and give it to charity, you may have to ...