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If you have decided to have your business purchase a car or truck, ensure that you are accounting for any personal use of the vehicle. The IRS expects tha...
Statutory employees have been declared employees under federal tax laws, but are independent contractors under common law. These workers are usually worki...
Form 9465 is available in all versions of TaxAct® and can be electronically filed with your return. If you have already filed your return or you are filin...
Charitable donations are tax deductible and the IRS considers church tithing tax deductible as well. To deduct the amount you tithe to your church or plac...
There is no limit on the amount of money that you may write a check for, provided the funds are available in your account. However, many businesses will a...
The average processing time for citizenship (naturalization) applications is 8 months as of May 31, 2020. However, that’s just how long it takes USCIS to ...
The cash basis is a method of recording accounting transactions for revenue and expenses only when the corresponding cash is received or payments are made...
In this regard, the following are exempt from the payment of RPT: (a) real property owned by the Republic of the Philippines or any of its political subdi...
All income from auctions, traditional or online, and consignment sales is generally taxable unless certain exceptions are met. This income is usually cons...
What’s Included In A Purchase And Sale Agreement Personal property included in the transaction. Escrow and occupancy dates and handling of cancellations. ...