What is student loan interest paid?
Student loan interest is interest you paid during the year on a qualified student loan. It includes both required and voluntarily pre-paid interest paymen...
Can I set up my own opportunity zone fund?
A: Any taxpaying individual or entity can create an Opportunity Fund, through a self-certification process. A form (expected to be released in the summer ...
How to be rich when you retire?
10 Guaranteed Ways to Retire Rich Spend less than you earn. Syda Productions / Shutterstock.com. Start saving early. If you start late, make up for lost t...
What does a 501 c3 represent and do?
Section 501(c)(3) is a portion of the U.S. Internal Revenue Code (IRC) and a specific tax category for nonprofit organizations. Organizations that meet th...
Do you have to file Form 982 if you file bankruptcy?
If a debt is discharged in bankruptcy, it is not treated as cancellation of indebtedness income, and it is not taxable. The IRS has provided a simple fix ...
Why does my gift card purchase keep getting declined?
There are a number of possible reasons why a purchase could be declined: You don’t have enough money left on your card. You haven’t activated or registere...
How do you protest commercial property taxes?
If the property owner determines that the assessed value is higher than the market value of his property, he should file a protest with the local appraisa...
When do I need to fill in my tax return?
People and businesses with other income must report it in a tax return. If you need to send one, you fill it in after the end of the tax year (5 April) it...
What happens if you receive an incorrect 1099-MISC?
The 1099-MISC form has a special box that should be checked to show that the it is correcting a prior 1099 form. It is not unusual for clients to fail to ...
When married is it better to file jointly?
The IRS strongly encourages most couples to file joint tax returns by extending several tax breaks to those who file together. In the vast majority of cas...
