Internal Revenue Service (IRS). The author reports that the IRS is auditing the company to determine whether they properly used tax-cutting losses from their Internet phone service venture. IDT claims their accounting is correct.MaielloMichael...
Keep your wits about yourself. Scammers change tactics all the time – countless individuals fall for the typical IRS phone impersonation scam. Don’t be one of them, and don’t give away personal information if you receive a call from someone claiming he represents IRS. It is very likely,...
Moreover, your deduction may not include any amount that your local government charges for special improvements it makes to your property that the IRS refers to as a nondeductible assessment for local benefits. For example, if your county government requires payment for special improvements it make...
IRS Forms Self-employed tax center Tax Refund Advance Crypto Taxes Credit Karma Money TurboTax Blog TurboTax Canada Products for previous tax years Tax & Online Software Products Free Edition tax filing Deluxe to maximize tax deductions TurboTax self-employed & investor taxes ...
An estimated 13.4% of adult children ages 24 to 35 are living at home with their parents. When should parents stop paying for their grown children’s expenses?
1. Managing more money means you need goodaccounting software(links to some of my blog posts with software recommendations), one that can invoice parents and track who has paid and who still owes. 2. Additionally, since you have a lot more income, you may have crossed an IRS threshold and...
negotiating efforts to address any truly deal-specific tax matters such as dividends, interest, sale of partnership interest, compensation payments, IRS Section 1446, and other “miscellaneous” categories. Pro Tip: Determine tax characterizations early in the process...
While credit card fees are the biggest issue on most restaurateurs' minds when it comes to payment processing - there's also the hidden cost to your back office. How much time (and money) is lost every day to credit card disputes and working with your bank over phone?
Financial aid experts also recommend having tax information handy when filling out the form or using the IRS Data Retrieval Tool, which automatically transfers federal income tax information to the online FAFSA and reduces the probability of errors. Applicants who use the tool are also less l...
With the war in Afghanistan in full swing, the passage of The Military Family Tax Relief Act created a number of provisions to ease restrictions for military members on tax credits available to them and an extension by the IRS of its three-year period for amending a tax return. The act ...