To change what the IRS has on file, one should submit a letter (on company letterhead if possible) to the appropriate IRS office with the following inform...

57.5 More In Tax Pros Period Rates in cents per mile Business Medical Moving 2015 57.5 23 2014 56 23.5 2013 56.5 24 How much per mile is a business expens...

District of Columbia filing status may be different than federal fil- ing status. Allowable filing statuses are Single, MFJ, MFS, MFS on same return, regi...

Heavy SUVs, pickups, and vans are treated for tax purposes as transportation equipment. So, they qualify for 100% first-year bonus depreciation and Sec. H...

Can you deduct these closing costs on your federal income taxes? In most cases, the answer is “no.” The only mortgage closing costs you can claim on your ...

Installing renewable energy equipment in your home can qualify you for a credit of up to 30% of your total cost. The percentage you can claim depends on w...

How to file Form 8868 Electronically? Step 1 : Enter organization details such as Name, EIN. Step 2 : Choose the IRS form to extend. Step 3 : Choose the o...

How to Correct 1099s Forms Already Submitted to the IRS. If you accidentally submitted a form that reported wrong dollar amounts, and the IRS has accepted...

In either case, it is the employer (“petitioning employer”) that submits the visa application. For both L1-A and L1-B, the employee must have worked for t...

A good asset mix for retirement should include a handful of portfolio staples like stocks, bonds, and investment funds, but it should also make room for l...