Form 1099-DIV is used to report dividend distributions; dividends are not reported on the shareholder’s Schedule K-1. Most distributions from an S corpora...

“The PF withdrawn should be shown as part of exempt income under Section 10(12) of the income tax return in case of recognised provident fund,” said Vijay...

The IRS requires employers to keep returned undeliverable copies of W-2 forms sent to employees for four years unless electronic copies are available for ...

One frightening statistic: The average mattress will double its weight in 10 years as a result of being filled with dead dust mites and their detritus. Fa...

According to EEOC data, the average out-of-court settlement for employment discrimination claims is about $40,000. Studies of verdicts have shown that abo...

A personal exemption is an amount of money that you could deduct for yourself, and for each of your dependents, on your tax return. That means you cannot ...

Invite the pastor to come to the front. A simple gesture of the hand, a smile, and a “Pastor Jones!” is all that is needed. If appropriate, wait at the fr...

You should receive a Form 1099 from your tenant if they pay you over $600 in rent a year. If you currently use a property management company to take care ...

In basic terms, a “short sale” is a property the owner has to sell, but the value of the house is less than the mortgage balance. The seller can’t unload ...

1 Complete and mail the paper Form 1040-X, Amended U.S. 2 If taxpayers used other IRS forms or schedules to make changes, they should attach those schedul...