The IRS has laid out general guidelines in Publication 550 regarding the requirements for trader status. To qualify as a trader, you must at the very leas...

We will send a letter/notice if: You are due a larger or smaller refund. We have a question about your tax return. We need to verify your identity. We nee...

The whole period between 9:30 AM and 10:30 AM ET is often the best time of day to trade stocks. What time can you start selling stock? U.S. securities mar...

Yes, per the IRS, Box 1 of a 1099 MISC form should include payments made for the rental of equipment. Is subletting taxable income? Yes, you should declar...

To avoid an underpayment penalty, you need to make sure that the total amount of estimated taxes you pay during the year equals at least 90 percent of wha...

You can stay in L-2 status only as long as your spouse continues to maintain L-1 status. You could apply to change your status to B-2 visitor. Can L2 visa...

To set up a direct deposit payment via the IRS Direct Pay system, log into your IRS account and go to the Account Home tab on your dashboard. Select the G...

Steps in opening a company in Bulgaria Choose, verify and reserve the business name for your OOD in Bulgaria. Appoint the representative agent for your co...

Yes, it is mandatory for every partnership firm to file the return of income irrespective of amount of income or loss. Which ITR is filed for partner? ITR...

If you think you might be due an income-tax refund and want to check your tax refund status, call 0300 200 3300 or go to the GOV.UK website. If you’re an ...