The IRS allows electronic filing of tax returns for the current tax year only. Prior year returns can only be filed electronically by registered tax prepa...

Anyone who audio records a conversation in violation of the Wiretapping Act, or who discloses or uses a recording that he or she knows was illegally obtai...

No majority of the partners can expel any partner unless a power to do so has been conferred by express agreement between the partners. What this means is...

A domestic corporate entity with a turnover upto Rs. 250 Crore, pays a flat rate of 25% corporate tax. For a particular financial year, if the total reven...

Unfortunately, Robinhood Financial does not offer any IRA accounts at this time. There are no Traditional IRA, Roth IRA, SEP or SIMPLE retirement accounts...

If it’s a photocopy of the original W-2 you can attach it to your tax return, as long as it’s a clear readable copy. Make sure you keep a copy for yoursel...

If you were a dependent on someone else’s tax return in 2019, but were not in 2020, then you can claim the payments on your own return this year. These ta...

If you invest in an LLC taxed as either a partnership or an S corporation, you will be taxed on the LLC’s income even if no cash is distributed to you to ...

Selling expenses include sales commissions, advertising, promotional materials distributed, rent of the sales showroom, rent of the sales offices, salarie...

Better still, the IRS will let you use the exclusion each time you sell your primary residence. There are two rules: You must have owned and used the home...