California grants you an automatic extension to file your state tax return. No form is required. You must file by October 15, 2021. Does CA accept federal...

The IRS automatically recognizes churches as 501(c) (3) charitable organizations if they meet the IRS requirements. There is no need for churches to seek ...

Generally, a J-1 visa holder may not travel outside the U.S. for more than 30 days without being considered to have “abandoned their program”. Any excepti...

A payment plan is an agreement with the IRS to pay the taxes you owe within an extended timeframe. You should request a payment plan if you believe you wi...

Since mortgage interest is an itemized deduction, you’ll use Schedule A (Form 1040), which is an itemized tax form, in addition to the standard 1040 form....

Yes. You can use your smartphone to access an internet connection for your laptop, for example. You simply have to set up Wi-Fi tethering, or your “person...

Brokerage accounts are ideal for savings or goals that are further than five years away, but closer than retirement, experts say. They can also complement...

Yes! According to IRS publication 575, if faced with a lump-sum distribution, you are able to roll over into a Traditional IRA or 401(k) and face no tax o...

This rollover transaction isn’t taxable, unless the rollover is to a Roth IRA or a designated Roth account, but it is reportable on your federal tax retur...

There are certain situations when the income of both the husband as well as the wife would be clubbed together and there would be only one income-tax retu...