If you made a mistake on your tax return, you need to correct it with the IRS. To correct the error, you would need to file an amended return with the IRS...

Federal law allows only state and federal government agencies (not individual or private creditors) to take your refund as payment toward a debt. However,...

SAMPLE LETTER You have been the best landlord from the way you fondly treated my family and I. You always made sure to respond promptly to problems at the...

Non-Deductible IRAs Unlike a traditional IRA, which is tax-deductible, non-deductible IRA contributions are made with after-tax dollars and provide no imm...

The formula is quite simple: business value equals assets minus liabilities. Your business assets include anything that has value that can be converted to...

Oil and gas royalties can only be earned in several countries around the world, and the United States is one of them. For over a century, oil and gas roya...

Generally speaking, if you held your shares for one year or less, then profits from the sale will be taxed as short-term capital gains. If you held your s...

Your 18 year old cannot claim himself. The IRS rule is if he CAN be claimed on another person’s return he cannot claim his own exemption. If your dependen...

In most cases, investment income is taxable. The tax rate varies, depending on the type of investment. Capital gains, or the profit made through the sale ...

Authorized third-party designees, see instructions under Line 18. If you have NO legal residence, principal place of business, or principal office or agen...