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

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…

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 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…

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 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,…

Here is list of self employment deductions- 25 deductible expense , that must be taken into account while computing profit of business

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 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…

Tax Cuts and Jobs Act new Federal tax bracket are here . These rates are  important as the final tax on your total income for a tax year for the current tax year i.e 2017 and next tax year 2018 to year 2025 are out now and legally…

Parents contribute to 529 college savings plans (529 plans)  for future college expenses of their kids.Section 529 plans  have no income limits, age limits or annual contribution limits.Further , you can change your 529 savings plan…