The minimum income required to efile or file a tax return for Tax Year 2017 depends on your income, age, and filing status. The minimum income levels for ...

In­vest­ment property is re­mea­sured at fair value, which is the price that would be received to sell an asset or paid to transfer a liability in an orde...

As we discussed earlier, all or part of your business will probably be considered marital property. If your spouse was employed by you or your company, he...

The company tax rate for base rate entities will now reduce from 27.5% to 26% in 2020–2021, and then to 25% for 2021–2022 and later income years. This mea...

If you drive a car, an SUV, a van, a pickup, or a panel truck for your rental activity (as most landlords do), you have two options for deducting your veh...

Yes, if you are a U.S. citizen or a resident alien living outside the United States, your worldwide income is subject to U.S. income tax, regardless of wh...

Some taxpayers, for example, receive a letter that says something like: “Congratulations! After reviewing your tax return, the IRS has decided to grant yo...

Most films are financed through a combination of investors, tax credits, grants, and other sources. This funding must be secured (usually by film producer...

5 Questions to Ask Yourself at Year-End When I think back on this past year, what am I proud of myself for? What lessons did I learn in 2019? What surpris...

To claim a baby as a dependent, the baby must have been born alive during the current tax year. If your child wasn’t born until the next year, you can’t c...