Filing your taxes for the first time? Here’s everything you need to know, including the necessary forms, how to report your income, your filing status, and your filing options.

It’s getting to be that tax time of year! Filing taxes, like paying taxes, may not be an enjoyable to-do, but receiving a ...

the IRS may require you to report it as taxable income. Calculating taxable income involves determining your adjusted gross income minus deductions. (More on that below.) The final number is used ...

If phantom income is not properly analyzed by counsel and the court in a matrimonial case, the result perforce may be ...

Receiving a bonus can be a delightful surprise, but the joy might be short-lived once you realize the tax implications.

Taxes are a part of life for everyone. But when it comes to running a business, investing in real estate, or managing insurance, taxes can get complicated fast. Understanding how tax laws work in ...

Personal loans can be useful when you need extra funds, since you can use them for a variety of purposes. With a personal loan, the lender gives you a lump sum that you'll pay back with interest ...

The home office deduction is a tax break that some self-employed people who work from home can use to lower their taxable ...

Your 1099-R tells the IRS ... is taxable. Why? Because they don’t have the necessary information to determine whether your IRA contains aftertax (nontaxable) contributions. Appleby: Calculating ...

When it comes to calculating your taxes with the IRS, understanding the federal ... Another critical component in tax calculation is your taxable income. This is the portion of your income that ...