Income Tax

January 14, 2015 

If you're an employer or a professional tax preparer, the beginning of the new year can be almost as challenging as April when it comes to taxes. That's because its time to send off millions of W-2 and 1099 forms to staff and contractors, and dealing ...

January 12, 2015 

Downloadable and printable IRS Tax Form 1040 for Tax Year 2014 (for taxes being filed on or before April 15, 2015).

January 12, 2015 

As part of end-of-year tax legislation by Congress, the half-million dollar maximum deduction was retroactively preserved for 2014, as were a couple of other related provisions. But these extensions authorized by the Tax Increase Prevention Act ...

January 12, 2015 

Downloadable and printable version of IRS Form 8879.

January 12, 2015 

What $350 million in IRS budget cuts may mean for taxpayers in 2015. First, the odds of getting through to the IRS Help Line in a reasonable time will be less, now that IRS funding has been reduced to three percent less than last year.

January 11, 2015 

Printable TY 2014 IRS Form 7004 - Automatic Extension for Business Income Taxes - For Filing in 2015

January 9, 2015 

Printable 2014 IRS Form 1041 - U.S. Income Tax Return for Estates and Trusts - For Filing in 2015

January 9, 2015 

If you were smart enough to buy qualified small business stock (QSBS) last year, you’re halfway home to a unique tax break. Now comes the hard part: You have to hold the stock for at least five years before you sell it. If you do, your entire gain is tax-free! The tax break for QSBS...…

January 7, 2015 

Debt collection is the top complaint the Consumer Financial Protection Bureau has received since September 2013. Out of all debt types, medical collections make up 52 percent of collection accounts on credit reports, far outpacing all other types of debt.

January 7, 2015 

The New Year isn’t just a time for revelry, it’s also a landmark for new beginnings. Folks around the world make promises to themselves and loved ones about how they plan to change their lives for the better. That’s why the gym always seems so crowded in January, while the job market gets flooded with...…

January 6, 2015 

As you’re probably well aware of by now, Congress passed a “tax extenders” bill late in 2014 preserving dozen of expired tax provisions. Among other tax breaks, the Tax Increase Prevention Act of 2014 (TIPA) authorizes employers to claim tax credits ...

January 6, 2015 

What’s the projected tax forecast for 2015? Currently, it appears to be cloudy with a chance of tax reform. But keep in mind that the climate for significant tax change is usually unpredictable.