Sick of that old clunker sitting in your driveway? Donate it to charity. You may be able to get a valuable tax deduction for your donation. But, be aware that deducting car donations is a lot harder ...Read more
There are many different IRS forms that begin with the numbers 1099. These are all information returns. An "information return" is not a tax return. Instead, it is a form that tells the IRS that ...Read more
Tax day 2019 is Monday, April 15. This is the day your individual tax returns are due to the government for the 2018 tax year.
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The IRS has announced the tax rates and brackets for 2019. These are the rates for the 2019 tax year. You'll use these rates when you file taxes in 2020. Use the 2018 tax rates when you file taxes in ...Read more
Schedule K-1 is an IRS form that is important if you are the owner or co-owner of a pass-through business. Essentially, any company owned and operated through a pass-through business entity. Think of ...Read more