Perhaps you didn’t realize it, but like the average house mouse, or your driver’s registration, many tax breaks have a life span of only one year. Technically, a lot of those tax credits and deductions expired on Dec. 31, 2016—which means that if you’re a homeowner, you might want to lock in whatever home-related tax…Details
The difference between successful people and everyone else is the way they utilize time. With only so many hours in a day, you need to maximize those hours. The best of the best are up early and getting to work before their peers have rolled out of bed. So, what are the top five habits of…Details
WASHINGTON — The Internal Revenue Service today reminded non-U.S. citizens who may have taxable income, such as international students and scholars who may be working or receiving scholarship funds, that they may have special requirements to file a U.S. tax return. LEAN MORE NOWDetails
The joys of homeownership are many: Your own house is a place to make sweet memories, build a financial nest egg, and whittle down your tax bill. Wait, what? Yep, it’s true: Your home can save you a bundle on April 15. READ MORE NOWDetails
April 15 is a date burned into our brains: the drop-dead deadline to file our taxes or at least pay what we figure we owe for last year even if we get an extension to finish the paperwork later. But in 2017, the official tax day is actually three days later, April 18. Here’s why:Details
The Internal Revenue Service is putting out the word on how to beat the rush right after Presidents Day —one of the agency’s busiest weeks of the year. The day following Presidents Day is typically the busiest day of the year for IRS telephone assistors, and the agency has extended call center hours over the…Details
The U.S. Internal Revenue Service will no longer require tax filers to indicate whether they had health coverage or paid a penalty set under Obamacare, dealing a blow to a pillar of the healthcare law, the website Reason.com reported. LEARN MORE NOWDetails
Find out how you can get a waiver if you missed the 60-day deadline through no fault of your own to roll over an IRA or retirement plan.
To file as an S corporation, you must first file as a corporation. After you are considered a corporation, all shareholders must sign and file Form 2553 to elect your corporation to become an S corporation. Once your business is registered, you must obtain business licenses and permits. Regulations vary by industry, state and locality.
American workers may be missing out on a valuable tax credit this year. The Saver’s Credit, also referred to as the Retirement Savings Contributions Credit by the Internal Revenue Service, is available to eligible taxpayers who are saving for retirement, yet just one in three American workers are aware of the credit, according to the…Details