Parents can withdraw 529 plan funds by completing a withdrawal request form online. Some plans also allow 529 plan account owners to download a withdrawal...

While a return is not required more than once a year, businesses may be responsible for filing estimated taxes based on profits earned. This requirement i...

The IRS doesn’t view the money you take from a cash-out refinance as income – instead, it’s considered an additional loan. You don’t need to include the c...

Tax refund process Delivery type Delivery time (date filed – receipt of tax refund) E-file with direct deposit 1-3 weeks Paper file with direct deposit 3 ...

North Carolina recognizes the federal S election, and North Carolina S corporations are not required to pay corporate income tax to the state; however, No...

Overview. This notice is issued to inform the taxpayer that the IRS has made changes to their return which results in an adjusted overpayment that will be...

If you are sending in multiple tax returns to the IRS or state, do not stuff them all together in one envelope without properly separating them. Often the...

Section 1256 options are always taxed as follows: 60% of the gain or loss is taxed at the long-term capital tax rates. 40% of the gain or loss is taxed at...

This means that the first R2 million of your capital gain is exempt from tax, meaning that most taxpayers won’t actually need to pay Capital Gains Tax on ...

High taxes could minimize your profit and make selling worthwhile. If you do decide to sell, you could consider investing in a different market with lower...