For a home that is rented out part-time, one of three rules must be considered, based on the length of the rental.

With the current substantial appreciation in home values and demand for housing exceeding the available inventory and low home mortgage...

Here are the May 2022 Due Dates for Individuals and Businesses.

As a reminder to those who have not yet filed their 2021 tax returns, April 18, is the due date to either file a return (and pay the taxes..

The tax code specifies that all income is taxable from whatever source derived unless exempted by the Internal Revenue Code. The tax code...

Here are the April 2022 Due Dates for Individuals and Businesses.

Here are the February 2022 Due Dates for Individuals and Businesses.

For several years now, the IRS has required payments made to merchants through various marketplaces, payment processors (credit & debit...

These days the tax return is used for more than just collecting taxes. It has also become a tool for the government to provide social...

Here are the February 2022 Due Dates for Individuals and Businesses.

In 2021, Congress passed the American Rescue Plan, which included a provision that increased the child tax credit amount and upped the age..

January 2022 Tax Due Dates for Individuals and Businesses

Suppose you are fortunate enough to have an estate large enough to be subject to the estate tax upon your passing. In that case, you might..

Now is the time to ensure that you’ve taken advantage of all of the tax-saving strategies available to you.

On November 19, 2021, the House of Representatives passed their proposed version of President Biden’s Build Back Better Act...

December 2021 Tax Due Dates for Individuals and Businesses

Most taxpayers don’t intentionally incur tax penalties, but many who are penalized are simply unaware of the penalties or the possible damag

Tax-compliance rates in the United States are based, in large part, on how taxpayers accrue income. Those who receive income that's...

When discussing taxes, reading tax-related articles or instructions, one needs to understand the basic lingo and acronyms used by tax pro...

While it's usually true that the "rich get richer," a proposed tax code will prove a remarkable exception if the House has its way.