If you owe 2016 Taxes, file your tax return as soon as possible to reduce late filing fees and penalties. You can no longer claim a 2015 Tax Refund. Prepa...

There are two types of donations that can be made to a 501(c)(3). A cash donation is the transfer of funds to a nonprofit. An in-kind donation is the tran...

This doesn’t make the 1099 invalid, it just makes more work for the executor. As discussed in the article Track the Estate Income, the executor will have ...

In comparison, the average Michigan teacher salary was $62,280 in 2016-17. A teacher who worked in the public school system for 30 years and then retired ...

If you are risk-averse, you might consider selling your ESPP shares right away so you don’t have overexposure in one stock, particularly that of your own ...

eight years If you’ve used Chapter 7 bankruptcy specifically to discharge debts in the past, you must wait eight years before filing another Chapter 7 cas...

A controlled foreign corporation (CFC) is a corporate entity that is registered and conducts business in a different jurisdiction or country than the resi...

If you miss a quarterly tax payment, the penalties and interest charges that can accrue depend on how much you make and how late you are. The IRS typicall...

Short-term capital gains for assets held for less than a year are still taxed at ordinary income rates. However, if you held an asset for more than a year...

Government entities must file a Form W-2 for election workers who receive payments of $600 or more, even if no FICA and income tax were withheld. If an el...