Rental Property Taxes: What You Need to Know
What Is Considered Rental Income? Understanding what the IRS considers to be rental income is important because failing to report all of it can lead to tax headaches. Some people
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How to File a Tax Return For a Deceased Taxpayer
Who Should Sign The Tax Return For paper tax returns, you should write the person’s name, date of death, and the word “deceased” at top of the return. Depending on
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Are Wedding Expenses Tax Deductible?
Tax Deductible Wedding Expenses Some of the biggest expenses for a wedding are the food, flowers, and the bride’s gown. Although you won’t be able to get a tax break
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How to File Taxes When You Live And Work in Different States
1. Determine Your Residency Status Determining your residency status when you live in one place but work in another can be complicated and depends on the specific rules of each
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What is Innocent Spouse Relief And Who Qualifies?
What is Innocent Spouse Relief? Innocent spouse relief essentially gets taxpayers off the hook (partially or fully) for taxes, interest, and penalties due to their spouse’s mistake. This includes, but
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Do IRS Tax Liens Ever Expire?
When Can The IRS File a Tax Lien? The IRS won’t file a tax lien until several conditions are met. First, you must neglect or refuse to pay your taxes
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8 Tax-Saving Tips For Working Parents
1. Child Tax Credit The Child Tax Credit (CTC) is one of the biggest tax credits for parents. Although it’s not as large as it was for the 2021 tax
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