House-flipping profits are at a 20-year high According to ATTOM Data Solutions, house-flipping profits have soared to their highest level in 20 years. In ...

Your required minimum distribution is the minimum amount you must withdraw from your account each year. You generally have to start taking withdrawals fro...

This notice is telling you that we intend to terminate your installment agreement and seize (levy) your wages and/or bank accounts if you take no action. ...

Unfortunately, most of the expenses you paid when buying your home are not deductible in the year of purchase. The only tax deductions on a home purchase ...

Filing an extension will generally allow you to delay filing a tax return until October 15. You will still have time to establish a SEP-IRA and make a SEP...

Small business items Specifically, the bill provides: $15 billion for targeted Economic Injury Disaster Loan (EIDL) advance payments. $25 billion for rest...

Please note that we are required by law to report to the IRS on form W2-G all wagering transactions which: Return a payoff of $600 or more if the winnings...

For Schedule UTP purposes, an uncertain tax position is a position taken on a tax return that would result in an adjustment to a line item on the tax retu...

A payment agreement outlines an installment plan to repay an outstanding balance that is made over a given time-frame. This is common when an amount is to...

The IRS limits your net loss to $3,000 (for individuals and married filing jointly) or $1,500 (for married filing separately). Any unused capital losses a...