tenquestion.com - A Tax Guide That Saves You Money !

The  IRS Form 1099 is a series of documents the Internal Revenue Service (IRS)  that report the various types of income a taxpayer ( the recipient of the 1099 form)   may  have received throughout the year other than the salary . This is…

Section 179 Deduction has a real impact on your equipment costs. Here’s an easy to use calculator to estimate your tax savings on equipment purchase through section 179 deduction in 2019.

The Tax Cuts & Jobs Act has amended section 179 deduction to higher limits and also the purchase limit has been increased considerably

The IRS has announced that  it has given tax relief to many  taxpayers who were unable to properly adjust their withholding and estimated tax payments to reflect an array of changes under the Tax Cuts and Jobs Act (TCJA), the far-reaching …

IRS provides many self help tools t taxpayers for free . These tax help tools available on  IRS.gov solves many of the common problems like tax preparation or  tax filing , knowing about refund , paying taxes easily viewing tax records ,…

Alimony is taxable and the deduction for alimony is allowed from taxable income of the payer . However , the question whether a particular payment cn be considered as alimony is a matter of interpretation . IRS and tax payers are often at…

Knowing about tax deadline or when are business tax returns due is quite a common thought when the year is near the end. The business owner often out-source  the tax filing and accounting  job, still it is important for them to keep the tax…

The term "Hobby Loss" is expenditure  to pursue a recreational activity which is not recouped as the law allows deduction of expense only to the extent of income earned by the hobby or recreational activity. Internal Revenue Code (IRC) §183…

The good news is that the IRS has issued  Notice 2019-5 stating that certain hardship exemptions can be claimed for 2018 without having to obtain a hardship exemption certificate from the health insurance Marketplace  What is Hardship…

If you want to  make charitable contribution , it is wise and logical to  donate car for tax credit .Your contribution in form of a car will   not only help non-profit organization’s missions, this charitable contribution will  make you…

Calculator for Form 2100 gives you an instant finding if you need to fill Form 2210 which is needed if you have made underpayment of estimated tax to the extest that additional tax needs to be paid by you.