Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
IRS Tax Problems : 10 Celebrities Jailed on Tax Evasion Charges
IRS tax problems have sent many celebrities behind bars. With the recent guilty plea by DMX for tax fraud, in the amount of $1.7 million over a period of 5 years, has once again sparked a controversy over celebrities evading tax. With this,…
New 20% Tax Deductions for Qualified Business Income ?
The Tax Cuts & Jobs Act has brought a new provision in the Internal Revenue Code to provide 20% tax deduction for all self-employed or freelancers or estate or trust from a partnership, S corporation or sole proprietorship or s…
IRC 162 : Sexual Harassment Payout Deduction Not Allowed ?
Sexual harassment payouts will be more painful for the people or organisation who commits or at lease accept the same indirectly by opting for the settlement with the alleger. The just passed The Tax Cuts & Jobs Act law has modified…
1099 Misc Filing Deadline Approaching . File to Avoid Penalty
A self-employed person has to pay self employment tax and complete Schedule SE , include payments for services on Schedule C (Form 1040), Profit or Loss From Business (Sole Proprietorship). But before all that one other legal responsibility…
1031 Exchange Rules Modified : Here is A Fresh Look on Section 1031 .
1031 exchange rule gets a heavy change vide the recently passed law-The Tax Cuts & Goods Act. So, one of the major provision of law that was used by a taxpayer to save on capital gains tax requires fresh look and understanding. Fact is…
Can IRS Mine Bitcoin Tax ?
IRS has made it clear that anyone transacting in bitcoin will have to pay tax as if he /she/it is dealing in property. The Tax Cuts & Jobs Act has further filled a loophole in the Internal Revenue Code that was a help for people evading…
IRS Form 6251 Calculator : Find if You Need to File it
IRS Form 6251 is required to be filed by taxpayer who needs to pay alternative minimum tax .AS you know the AMT applies to taxpayers who have certain types of income that receive favorable treatment, or who qualify for certain deductions,…
25 Self Employment Deductions Every Entrepreneur Should Check & Claim
Here is list of self employment deductions- 25 deductible expense , that must be taken into account while computing profit of business
Amending Tax Return : What You Need to Know !
Amending tax return may be needed because as the famous saying goes - to err is human. So ,you may just find that there are certain error(s) in your tax return filed with IRS . This knowledge of errors in tax return require that you take…
Tax Cuts & Jobs Act : 14 Changes Every Individual Must Know About
Tax Cuts & Jobs Act brought under the Trump tax plan is now a reality . Here is my selection of fourteen tax changes that affect Individual Americans in the year 2018 .There are many other changes in the tax provisions that will…
