In order to qualify for a returned merchandise deduction, the retailer must refund the full retail selling price less any restocking charges. The retailer...

Since you are not technically married, the only way you can file a joint tax return is if you are living together in a legal common law marriage. If that ...

Under no circumstances and with no exceptions will an S-Corp ever file a SCH C. The SCH C is for a sole proprietorship or single member LLC, which are con...

Individuals (employees) do not have to report the cost of coverage under an employer-sponsored group health plan that may be shown on their Form W-2, Wage...

Put simply, the statute of limitations on federal tax debt is 10 years from the date of tax assessment. This means the IRS should forgive tax debt after 1...

A1: ITINs that have not been used on a tax return for tax years 2017, 2018 or 2019 will expire December 31, 2020. Additionally, ITINs with middle digits 8...

Payee exempt codes are used to identify different types of payees who are exempt from backup withholding. If these codes apply to any contractors, they ar...

A reversal is when the direction of a price trend has changed, from going up to going down, or vice-versa. Traders try to get out of positions that are al...

[UPDATED] Can I Deduct my Business-Related Auto Expenses on my S-Corp Taxes? If you use your personal vehicle for business, you may be able to deduct the ...

For specific questions related to your tax return or Free File Fillable Forms, contact the IRS. Contact information is available at this IRS support page,...