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In the US, deposits of more than $10,000 in cash must be reported to the IRS. As long as the money is legal, that is not a problem. Banks MAY report small...

Like last year, the IRS pushed Tax Day back this year because of the COVID-19 pandemic. In 2020, Tax Day (the deadline for filing your federal income tax ...

While it may depend on your specific circumstances, in general, a default LLC tax structure is better than an S corp for holding rental properties. This i...

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How to Calculate Income Tax Owed on a Home Sale 1 Adjusted Basis. When you sell a home, you don’t have to pay taxes on the entire amount of proceeds. 2 Sa...

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