TurboTax has you covered and will ask simple questions and give you the tax deductions and credits you’re eligible for based on your entries. If you still...

Can I claim my child as a dependent if she has a part-time job? Yes, as long as the child does not provide more than half of their own support and meets o...

Unfortunately, you cannot claim her for child tax credit as one of the requirements for the child tax credit is that you must claim her as a dependent. US...

The following seven factors differ across these main legal structures and are therefore important to understand when choosing a legal structure for your b...

The 199A deduction is not separately reported, it is calculated by TurboTax based on your reported business income. If you are reporting income from a Sch...

The basis limitation is a limitation on the amount of losses and deductions that a partner of a partnership or a shareholder of an S-Corporation can deduc...

The following items are reported on a Form 1099-SA: Box 1 – Gross distribution. This box shows the total amount distributed from the account during the ta...

You have several ways to fund the money you send to another party through PayPal: Instant transfer: Sending money this way means the money is immediately ...

Payroll offices must report wages paid to a NONRESIDENT ALIEN which are exempt under a tax treaty on Form 1042 and Form 1042-S. Any additional wages paid ...

There is no citizenship requirement for owning stocks of American companies. While U.S. investment securities are regulated by U.S. law, there are no spec...