The TurboTax programs change for each tax year based upon the tax code. So each tax year is a separate purchase for the software. There are no monthly fee...

If you don’t see a return transcript available for download, it likely means that you didn’t file a return for that year, or that the IRS hasn’t processed...

Here’s a list of the five filing statuses: Single. This status normally applies if you aren’t married. Married Filing Jointly. If you’re married, you and ...

Many business owners make spending decisions with the hopes that it will be deducted, and yet neglect to ask the question first! According to the IRS, any...

IRS Code 570 Additional Liability Pending or Credit Hold, which indicates that you could owe money to another government agency or something is amiss with...

Call the IRS or a tax professional can use a dedicated hotline to confirm that you only have to go back six years back for unfiled taxes. 2. You Won’t Get...

If your back taxes relate to returns you have not yet filed, then you can calculate the amount of tax you owe for each year by preparing the actual return...

However, you’ll need to file an amended return if there is a change in your client’s filing status, income, deductions or credits. Use Form 1040X, Amended...

EBITDA is an accounting term used primarily to help you understand the performance of your business. It is an acronym for Earnings before Interest, Taxes,...

Leasing a semi truck instead of buying your own is financially less of a risk. You’ll know the set amount every month you’re expected to pay when you leas...