For a cash rebate paid to an individual policyholder, Insurance Company is not required to file a Form 1099-MISC with respect to that payment or furnish a...

Jan-Michael Vincent, 73, American actor (Airwolf, The Mechanic, Big Wednesday), heart attack. Michael Wilson, 81, Canadian politician and diplomat, Ambass...

What is debt forgiveness? Debt forgiveness happens when a lender forgives either all or some of a borrower’s outstanding balance on their loan or credit a...

A legal guardian cannot claim a person as a dependent if that person earns an income that exceeds the amount of his exemption, according to the IRS, unles...

Can a restaurant be an LLC? Yes, a business owner of a restaurant may elect to form an LLC. In fact, both an LLC and a sole proprietorship can be a reward...

However, you’ll need to file an amended return if there is a change in your client’s filing status, income, deductions or credits. Use Form 1040X, Amended...

Remember, we do not record sales transactions using either merchandise inventory or cost of goods sold expense account under the periodic inventory method...

If the return was filed and accepted, log into the account and click on the Prior Years tab. Select the tax year you wish to access and click on Access Re...

Manufactured Housing Problems Site Preparation Problems. Manufactured housing installation problems can begin with site preparation. Structural Issues. So...

Page 16 of the Instructions for Form 1120S states: “Report amounts paid for health insurance coverage for a more than 2% shareholder (including that share...