The tax that shows on line 6 of form 1040-X is figured by calculating the tax on the taxable income shown on line 5, plus any additional taxes. What is my...

Employee stock purchase plans If you’re participating in an employee stock purchase plan (ESPP), when you leave the company you will no longer be able to ...

If you owe back taxes and don’t arrange to pay, the IRS can seize (take) your property. The most common “seizure” is a levy. It’s rare for the IRS to seiz...

Unallocated support is an arrangement whereby child support and maintenance are blended into one payment. The award amount is fully tax deductible by the ...

If the Form 1099-G you received reflects a state or local tax refund that was reported to the IRS and the income is included in federal adjusted gross inc...

Generally, at least $100 in profit per rental property makes it worth doing. But of course, in business, more profit is generally better! How much net cas...

If you’re in the business of selling things online, chances are you need to get a state tax ID number (also called a sales tax permit, reseller certificat...

Historically, once a Form 706 estate tax return was filed, the IRS would review the return and automatically issue an Estate Closing Letter, usually about...

Mr. Miller noted that while a mansion tax is not deductible, it does increase the property’s tax basis. Since the mansion tax is added to the basis, that ...

The Sixth Amendment and various state laws guarantee a defendant’s right to a speedy trial. Many defendants, particularly those who are waiting in jail, w...