The IRS treats the American Opportunity and Lifetime Learning tax credits similarly regarding whether a parent or dependent gets to claim them. But if you...

The simple answer is yes. New Jersey residents who work in New York State must file a New York Nonresident Income Tax return (Form IT-203) and a New Jerse...

If you forget to file a W2, you will still receive a return. However, if your tax filing error will cause you to owe additional tax, you must file an amen...

You are not required to send a 1099-MISC form to a corporation. This rule includes both C corporations and S corporations. An easy way to remember the IRS...

When your Federal income tax withholding is calculated, you are allowed to claim allowances to reduce the amount of the Federal income tax withholding. In...

Contact an IRS customer service representative to correct any agency errors by calling 800-829-1040. Customer service representatives are available Monday...

To claim the medical expense deduction, you must itemize your deductions. Itemizing requires that you don’t take the standard deduction. Normally, you sho...

MY DECEASED FATHER OWES BACK TAXES! So you suffered the loss of your dad last year, and you are filing his taxes this year and uh-oh! You find out that he...

Coordinating your benefits with your spouse’s benefits can help you both get the most out of your Social Security payments. In some cases, it makes sense ...

The rental income is taxed 100% on the sole owner of the property. It does not matter whether the sole owner or a third party receives the rent. B. For Jo...