How Form 1099-B is used You pay capital gains taxes with your income tax return, using Schedule D. The data from Form 1099-B helps you fill out Schedule D...

The average retired worker gets about $1,555 from Social Security per month, or about $18,660 per year. That’s an interesting stat, but it doesn’t tell yo...

Section 1256 contracts have lower 60/40 tax rates, meaning 60% (including day trades) are taxed at the lower long-term capital gains rate, and 40% are tax...

UBTI is subject to taxation in all varieties of retirement accounts, such as IRAs, retirement plans like Keoghs, and health savings accounts (HSA). Can Ub...

If you decide to lease equipment for your business rather than purchase it, you enter into a lease agreement with the equipment owner or vendor. Similar t...

$102,100 For 2017, the maximum exclusion has increased to $102,100. Don’t include on Form 1040, line 64 (federal income tax withheld), any taxes an employ...

If you are a resident alien, the rules for filing income, estate, and gift tax returns and paying estimated tax are generally the same whether you are in ...

A good interest rate on a personal loan is one that’s lower than the national average—less than 12% in March 2021. That said, the actual interest rate you...

From 2003, employers have been able to make tax-free payments to help employees cover their reasonable additional expenses incurred while working from hom...

To enter qualified charitable distributions reported on a 1099-R, from the Main Menu of TaxSlayer Pro select: Income Menu. IRA/Pension Distributions. Sele...