The general rule is that you must issue a Form 1099-MISC to any vendors or sub-contractors you have paid at least $600 in rents, services, prizes and awar...

An alien is an “exempt individual” not permitted to count days towards the substantial presence test if he/she is present in the U.S. under an F, J, M, or...

There’s no limit to how much you can earn if you return to work after retirement. You’re entitled to work less than 10 hours a week and still be considere...

California, like many states, requires its residential property sellers to disclose, in writing, details about the property they have on the market. (See,...

Separate property can be anything you owned before marriage or included in a prenuptial agreement that was explicitly defined and agreed to by your spouse...

A minister’s housing allowance (sometimes called a parsonage allowance or a rental allowance) is excludable from gross income for income tax purposes but ...

Take the amount you want to contribute, and divide by the amount of your base pay. Let’s say your base pay is $5,000 per month, and you want to contribute...

This is known as your annual exemption. Technically, you can gift as much money to your children or other family members as you like, but in order for you...

General compensatory damages, meanwhile, include estimates of loss not involving actual monetary expenditure. Some courts use the “multiplier method,” whi...

To report a sale of shares on your tax return, you must complete IRS Form 8949 along with Schedule D. You submit both with your Form 1040 tax return. Form...