Tax rules for bond investors vary for government, municipal, or corporate bonds. Munies are completely tax free if you live ...

While a steady flow of payments may sound enticing, REIT dividends come with unique tax consequences for investors. These payments can constitute ordinary income, capital gains, or a return of ...

Taxpayers may be subject to the risk that an IRS examination could increase (or create) a gift tax or estate tax liability many years after a gift is made. Practitioners can help clients limit this ...

An LLC can opt to be treated like a corporation for tax purposes. In this case, the LLC files corporate taxes and any business deductions for workers' compensation are claimed on those forms.

There is no special federal day care tax form. H&R Block says most day care providers work as independent contractors, so you file taxes the same way any self-employed business owner does.

If you receive Social Security benefits, you probably know about the SSA-1099 or SSA-1042S tax form. Each January, the Social ...

Still haven't filed your 2024 taxes? Here are the key questions to ask a tax pro before you make any other moves.

IRS letters can be stressful, but they’re usually about common issues. Knowing why you got one and how to respond can help ...

Former U.S. Rep. Charles Rangel of New York has died at age 94. The outspoken, gravel-voiced Harlem Democrat spent nearly ...

The Central Board of Direct Taxes (CBDT) has notified the new Income Tax Updated Return form, known as ITR-U. The form comes with changes introduced in Budget 2025 and is effective from April 1, 2025.

If the applicant is an individual and does not have a social insurance number or an ITN, the individual must complete form, T1261 Application for a Canada Revenue Agency Individual Tax Number (ITN) ...

As we celebrate Mother's Day in May, it's a good time to look at the "pink tax" and how price disparities can impact some consumers more than others. While the “pink tax” isn’t a federal tax ...