If more time is needed to file the estate return, apply for an automatic 5 month extension of time to file using IRS Form 7004, Application for Automatic ...

Your spouse’s income is included in calculating monthly payments even if you file separate tax returns. However, a borrower may request that only his/her ...

A Series LLC is one way to structure an umbrella company without needing to file separate subsidiary entities. The members can divide the LLC into an unli...

Would like to report the 1099-R on the wife’s return (since she obviously received the income), but not sure how best to reflect since it’s husband’s SS# ...

The dates for receiving a tax refund after it has been accepted by the IRS are only estimates based on the IRS target of sending a tax refund after 21 day...

IRS says no, it does not. When the estate inherits, a properly titled inherited IRA is set up for the estate. When the estate is closed, the executor or p...

Short-Term Capital Gains Tax Rates Tax Rates for Short-Term Capital Gains 2020 Filing Status 10% 12% Single Up to $9,875 $9,876 to $40,125 Head of househo...

This exception would apply if you started a new job or if your current employer required you to move to a new location. If you’re selling your house for m...

Simply put, lost wages are the wages you would have earned by going to work had you not been injured. Lost wages are typically covered by an insurance com...

When asking these questions, listen with your eyes, turn off the TV, put your phone down, and rediscover the heart of your best friend! What’s something y...