List of Federal Exempt Income

Under the Internal Revenue Code or 26 US Code all types of income are taxable unless they are specifically excluded by law. So , whenever you receives any money or benefit in any form

20% QBI Deduction Calculator

The amended Internal Revenue Code (courtesy Tax Cuts & Jobs Act ) now (from tax year 2018) provides 20% tax deduction for all self-employed or freelancers or estate or trust from a

How Far Back Can IRS Audit ?

One of the most common query of  taxpayers  is: How long before I can be sure I am safe from the IRS ? Basically he is asking " How long before he can consider himself safe from the IRS”? The answer…

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