Financial expert Paul Hood joined News On 6’s Jonathan Cooper for Money Monday to break down what gig workers should know about taxes and deductions.

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

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

Proprietors must file Form 1040, which is the standard form for the income tax returns. 3. File Schedule C: Attach Schedule C (Form 1040), which reports business incomes and expenses. 4. File Schedule ...

By C. Robert Holcomb and Gary Hachfeld, University of Minnesota Extension The new “2007 Ag Income Tax Update for Farm Families” from University of Minnesota Extension outlines tax law changes ...

Being in business for yourself can be exciting, lucrative, and a great way to draw the attention of the IRS's audit division.

Do you support a spouse or common-law partner, or a dependant with a physical or mental impairment? The Canada caregiver credit is a non-refundable tax credit that may be available to you. Who can you ...

Tax season is upon us. As CPAs and tax attorneys launch into their busy season, millions of Americans are turning to their ...

However, if you're a remote worker filing your taxes, you still might not be able to claim the home office deduction. The ...

Finally, you can make an estimation using a little math. Each quarter, add up your actual income, multiply it by four (this ...

The Finance Bill presented by the FM on February 1, 2025, had a bonanza for middle-class taxpayers. However, despite the tax ...