If you have no business location or resident salesperson but are liable for gross receipts tax (for instance, because you lease property used in New Mexic...

Bonus depreciation can be combined with the Section 179 deduction. As with the order of Form 4562, the Section 179 deduction is taken first, then bonus de...

The US Internal Revenue Service (IRS) requires US companies that process payments, including Airbnb, to report gross earnings for all US users who earn ov...

For more information about online filing, go to Get ready to file your 2017 income tax return. When preparing your tax return, you may need to refer to ot...

To calculate marginal tax rate, you’ll need to multiply the income in a given bracket by the adjacent tax rate. If you’re wondering how marginal tax rate ...

You can’t claim both the American opportunity credit and the lifetime learning credit in the same year. You cannot receive the lifetime learning credit as...

Capital gain – you have a capital gain when you sell, or are considered to have sold, a capital property for more than the total of its adjusted cost base...

Booking.com is one of the leading online travel agencies. You might need to cancel a trip or a hotel reservation because you found a better deal. Whatever...

To calculate the monthly payment, convert percentages to decimal format, then follow the formula: a: 100,000, the amount of the loan. r: 0.005 (6% annual ...

Once you are accepted, you are on the IRS payment timetable. Only the IRS knows the status of processing your tax return, whether you owe taxes or are due...