Learn about the impact different types of income and investments have on your taxes; everything from gambling, sports betting and and IPOS and how to save and maximize tax credits and deductions related to your income.
When you purchase a home with the intention of generating rental income, the IRS treats it more like a business or investment than a personal residence. The tax law permits you to claim tax deductions for the expenses that relate to this investment property.
Asked by Chris at the TurboTax Facebook site: I’d like to see an article about the tax and long-term financial implications of using 401k loans or early withdrawals to pay off debts (credit cards, student loans, mortgage, etc.). Does it...
Congratulations on starting your new business. As a new business owner, taxes are probably the last thing on your mind. But since there’s no getting around them, here is some basic information about the forms you’ll need to file as a new business owner.