* The IRS does not allow electronic filing of prior year tax returns, and the deadline for 2015 electronic filing has passed on October 17, 2016. You may ...

Home mortgages—though generally recourse—are non-recourse in 12 states: Alaska, Arizona, California, Connecticut, Idaho, Minnesota, North Carolina, North ...

UN monthly pensions received by all U.S. citizens or resident aliens are always taxable wherever the UN retiree is living, in the U.S. or elsewhere. Such ...

While whole life coverage lasts a lifetime and can increase in value, temporary term life coverage is usually much cheaper. A healthy 60-year-old can qual...

To fill out Form 982, check “Discharge of indebtedness to the extent insolvent (not in a title 11 case)” and write in the amount of canceled debt that sho...

Home > Tax. Tax. Is your client a resident of New York State for tax purposes? Under NYS Tax Law Section 605(b), a resident is defined as someone who i...

A penalty is imposed on the partnership, rather than the partners, for failure to file a timely or complete Form 1065. This is provided in Section 6698. T...

Code J indicates that there was an early distribution from a ROTH IRA. The amount may or may not be taxable depending on the amount distributed and the ta...

NR Friday, Jun 04, 2021 A look at Venice as Italy starts to reopen; Bebe Rexha talks her new album ‘Better Mistakes’; White House issues new… NR Thursday,...

There is some good news. Many of these deductions can be taken on your state income tax return — perhaps even your home office. If your office is used exc...