If you had any income from New Jersey sources while you were a nonresident, you may also need to file a New Jersey nonresident return (Form NJ-1040NR). Vi...

Box 20 is the name of the locality where you are paying the tax in box 19. If you have information in those boxes, you will need that income used in a ret...

1. You may get a lower tax rate. In most cases, a married couple will come out ahead by filing jointly. “You typically get lower tax rates when married fi...

Follow the steps below to enter the amount on Form 1099-R (Box 2a) that is treated as ordinary income: 1) Click the Federal Taxes tab and then click “Inco...

Gift property properly to avoid taxes. Gifting property to someone other than your spouse in the state of California can have significant tax implications...

According to U.S. law, property that is left behind by a tenant is typically assumed to be abandoned after a specific timeframe. This timeframe can be any...

Publication 535 defines the Unadjusted Basis Immediately after Acquisition (UBIA) as “the basis of the qualified property on the placed-in-service date”. ...

If you’re going to have a single member husband and wife LLC, be sure that you have a solid plan in place if the business goes bankrupt or if you get divo...

If you don’t pay the tax lien off within 12 months in Georgia, then the lienholder has the right to foreclose on the property and receive title and you lo...

You cannot designate a worker, including yourself, as an employee or independent contractor solely by the issuance of Form W-2 or Form 1099-MISC. It does ...