The deductions are documented on Internal Revenue Service Schedule C, which is filed with the small business owner's Form 1040 ... from both federal and state taxes. For example, in California ...

If you’re self-employed or earn certain types of income, there’s a good chance you’ll need to pay estimated taxes — and your ...

Experts said the addition of numerous tax breaks provides new ways for people to try to game the system while making it more ...

IDOR recommends quick corrections for tax errors using Form IL-1040-X and advises against delaying to avoid penalties.

At $3,000 and never adjusted for inflation during nearly a century, the Sec. 861(a)(3) de minimis exception seldom applies.

There is no special federal day care tax form. H&R Block says most day care ... You transfer the total from that section over to your 1040. Can a Sole Proprietorship Deduct Health Insurance ...

The decision of whether to save for retirement through a Roth IRA or through a traditional IRA is a complex matter that can ...

A Honolulu woman pleaded guilty Thursday for her role in a scheme to file false tax returns and use Hawaii businesses, banks ...

The Internal Revenue Services (IRS) classifies rent as a personal expense, which means it does not qualify for a federal tax ...

An unauthorized loan was not includible in the taxpayer's income; however, expenses incurred in connection with her ...

Social Security is $3,178, my pension will be $2,090 per month and my 401(k) has $800,000. If I use the 4% rule, where do I stand tax-wise? – Reggie This is a great question. I hope it goes without ...