Taxpayers within the scope of this revenue procedure will not recognize gross income as a result of the discharge, and the taxpayer should not report the amount of the discharged loan in gross income on his or her federal income tax return.
This handy chart shows an estimated timeline for when a taxpayer is likely to receive their refund, based on IRS information, and using projections based on previous years. If your IRS income tax refund is delayed, ask your tax professional...
In our very long and complex tax code, tax deductions come in all shapes and sizes, and have a lot of sticky rules attached to them. For example, business expenses must be ordinary (common and accepted in an industry) and necessary ...
The new Taxfyle HQ, at 2901 Florida Ave. in Coconut Grove, spans roughly 14,000 square feet of open-layout work areas, private offices, conference rooms, recreation areas featuring beer-on-tap and ping pong tables, and an auditorium for new-product ...
Avalara, Inc. a provider of cloud-based tax compliance automation for businesses of all sizes, today announced the appointment of enterprise software executive Salim Ali as its new senior vice president of international.
The act allows flow-through businesses in New Jersey, such as sub-S corporations, partnerships, LLCs or sole proprietorships, to elect to pay income taxes at the entity level instead of at the personal income tax level — helping to alleviate the tax ...
Americans who earned cash driving for a rideshare service, making deliveries, or working short-term jobs as an independent contractor are part of the fast-growing gig economy. But that can make tax filing confusing for many.
Biegel Waller Tax Advisory Services is a tax consulting firm in Columbia, Maryland specializing in international tax, state and local tax, tax compliance and tax advisory services. Founded in 1998, the firm works with Fortune 500 and multi-national ...