We hardly hope for a natural disaster, but they come and strike us many times. This results in a series of disasters alongside the destruction of life and properties. For victims of...
Posted by Tiffany Gaskin on 07/23/2021
Your 1040sIf your income is over a specific amount, paying the federal income tax is mandatory. You might have to pay income tax in some states as well. The income tax rate is a matter...
Posted by Pat Raskob on 04/30/2021
When dealing with taxes, one needs to be proactive as things do not always move in a single direction. One might receive an income now with the mandate to repay some or everything...
Posted by Taxes Made EZ Inc on 03/22/2021
For everyone with real estate that they offer for rent, there is the potential for tax deductions besides the regular income it guarantees. However, the first step is to ascertain...
Posted by Tiffany Gaskin on 02/16/2021
Many taxpayers do not like taking the home office deduction because they fear they might raise some eyebrow from the IRS. Sadly, this is true, especially if you take excessively large...
Posted by Taxes Made EZ Inc on 08/30/2020
An Insight into Personal Use propertyUncle Sam defines personal use property as an asset or property used solely for private purposes and does not serve as an investment or business...
Posted by Don Bell Law on 03/01/2021
The Basis of Asset (551) is the Publication 551 from the IRS, which is a document released by the IRS outlining how to ascertain "cost basis" for a range of financial instruments...
Posted by Accurate Books And Tax on 02/28/2021
You might have a home where you stay for some time in a year while you rent it for the other part of the year. Doing this means you have to prorate the incurred expenses between rental...
Posted by Tucker Accounting Services LLC on 02/04/2021
If a taxpayer had their personal property destroyed, they could claim casualty and theft losses. For one to qualify for this deduction, however, there must be a sudden and unplanned...
Posted by Accurate Books And Tax on 01/06/2021
