Generally, debt that is forgiven or canceled by a lender is considered taxable income by the IRS and must be included as income on your tax return. Examples include a debt for which you are Continue reading Is Canceled Debt Taxable?
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 5 tax Continue reading 5 Tax Tips for Starting a Business
You should always keep copies of your tax return for your records. You may need to keep copies of your tax return filed for many reasons. For example, they can help you prepare Continue reading Keep Copies of Your Tax Return
Many Tax Planning Tricks for College are available to help you pay higher education costs, whether for your children or yourself, but you’ll see how you will be rewarded by performing some tax planning tricks for college! Let’s take a Continue reading Tax Planning Tricks for College
