You can deduct the amount you paid that was more than what your employer reimbursed. However, if they included the reimbursement in your taxable income in...

It’s not easy to get new clients to answer heaps of questions when they just want to get on with the project, but trust me that after enough sticky situat...

Yes, you can go back and claim him but you will need to mail in your tax return this year. Your son will also need to amend his return by filing Form 1040...

Disbursements occur when SPC receives federal, state, or other funds on your behalf. Refunds occur when the amount of the disbursements received on your b...

Launch TurboTax on the old computer. Open your tax return, click “File” and choose “Save As” from the menu. Select the destination folder and type a name ...

A decision to shut down means that the firm is temporarily suspending production. A firm that has shut down is not producing, but it still retains its cap...

Once we notify you that your e-file was accepted, if you are expecting a refund, you can now check your refund’s status. If there is information that caus...

Most investors who receive a Form 1099-DIV will have ordinary dividends, qualified dividends, or total capital gains. Do you report capital gains on state...

employer-sponsored health coverage plan Box 12 amounts with the code DD signify the total cost of what you and your employer paid for your employer-sponso...

Tax-friendly factors in Arizona cited by Kiplinger include a modest income-tax rate that tops out at 4.54 percent, no inheritance taxes or estate taxes, a...