“T” informs the IRS that the holding period was not met, but the distribution is exempt from the penalty for early withdrawal because it has been paid to ...

A Delaware Limited Partnership refers to a business entity in the state of Delaware that consists of at least one general partner and at least one limited...

Q How do I make my gift? A Contact your IRA custodian and follow their procedures to request a “Qualified Charitable Distribution.” The check must be acco...

Are my COBRA premiums deductible? Yes they are tax deductible as a medical expense. You can only deduct the amount of COBRA medical expenses on your feder...

You have foreign earned income if you receive wages through employment or compensation through self-employment for services you perform in a foreign count...

When you prepare and e-File a tax return as Married Filing Separate, you and your spouse each file your own return. As such, you report your own individua...

The broker or barter exchange must mail a copy of a 1099-B form to all clients by Jan. 31 of the year following the tax year. A broker or barter exchange ...

Tax exemption for individuals earning less than P250,000 An individual earning less than P250,000 a year is exempted from withholding tax, where the incom...

Dividends. In terms of dividends, nonresident aliens do face a dividend tax rate of 30% on dividends paid out by U.S. companies. However, they are exclude...

It’s a true do-it-yourself experience. That said, the interface is clear and easy to navigate, even for novices. Credit Karma Tax is best for someone who ...