The IRS recommends that you keep tax records for at least three years from the date you filed your original return, and longer for special situations. You...

57.5 cents per mile The standard mileage rate for transportation or travel expenses is 57.5 cents per mile for all miles of business use (business standar...

However, if you are the parent who should be claiming the dependent on your tax return, then it is possible that your ex will give up when they are reject...

Your car’s value decreases around 20% to 30% by the end of the first year. From years two to six, depreciation ranges from 15% to 18% per year, according ...

Form 943, Employer’s Annual Federal Tax Return for Agricultural Employees, is used to report federal income tax, Social Security and Medicare Tax, as well...

Most small business owners must apply for a real estate loan in order to make a real estate purchase. One of the benefits of these loans is that they typi...

To claim your child as your dependent, your child must meet either the qualifying child test or the qualifying relative test: To meet the qualifying child...

When it’s time to file your taxes, you might wonder whether you can deduct your divorce-related legal expenses. Unfortunately, the IRS prohibits any deduc...

Accepted means your tax return is now in the government’s hands and has passed the initial inspection (your verification info is correct, dependents haven...

If ‘Payment Status Not Available’ shows in your results, it could mean one of three things, according to the IRS. Your Economic Impact Payment has not yet...