From renting spare rooms and vacation homes to car rides or using a bike…name a service and it’s probably available through the sharing economy. Taxpayers who participate in the sharing economy can find helpful resources in the IRS Sharing Economy Tax Center on IRS.gov. Here are six things taxpayers should know about how the sharing economy might … Read more
If you are in the U. S. Armed Forces, special tax breaks may apply to you. For example, some types of pay are not taxable. Certain rules apply to deductions or credits that you may be able to claim that can lower your tax. In some cases, you may get more time to file your … Read more
Climate scientists issue “fatwa” against those who question their global warming religion and urge Obama to join them in a jihad against the non-believers. 20 “climate scientists” scientists from major universities want to prosecute the thought crime of opposing global warming religion. They want to play the part of the Pope to the Gallileo’s who … Read more
We all make mistakes so don’t panic if you made one on your tax return. You can file an amended return if you need to fix an error. You can also amend your tax return if you forgot to claim a tax credit or deduction. Here are ten tips from the IRS if you need … Read more
If you look for a job in the same line of work, you may be able to deduct some of your job search costs. Here are some key tax facts you should know about if you search for a new job: For more on job hunting refer to Publication 529, Miscellaneous Deductions. You can get IRS … Read more
Income tax may be the last thing on your mind after a divorce or separation. However, these events can have a big impact on your taxes. Alimony and a name change are just a few items you may need to consider. Here are some key tax tips to keep in mind if you get divorced … Read more
When you start a business, a key to your success is to know your tax obligations. You may not only need to know about income tax rules, but also about payroll tax rules. Here are five IRS tax tips that can help you get your business off to a good start. 1. Business Structure. An early … Read more