Potentially lower tax rate: Depending on the current tax-rate, accepting the lump-sum payment could make more financial sense. If a winner is on the older...

You must report all gambling winnings as “Other Income” on Form 1040 or Form 1040-SR (use Schedule 1 (Form 1040) PDF), including winnings that aren’t repo...

Confuse is to not understand, to not comprehend, meaning not understanding at all. Misunderstand is to think you understand, but you turn out to be wrong....

When members leave profits in the partnership rather than withdrawing them, this is referred to as retained income. The IRS states that partners must pay ...

According to the IRS, Publication 502, Medical and Dental Expenses, you generally cannot include medical expenses for cosmetic plastic surgery procedures ...

If a married couple are the two (and only two) owners of a LLC, but if they do not live in a Community Property State =AZ, CA, ID, LA, NV, NM, TX, WA, &am...

IRS has said my AGI from last year is incorrect and will not… Call me at 314 503-7366. I efiled my tax return and it was please call me at (###) ###-#### ...

Covered organization health care providers must direct prescribers to obtain an individual NPI by May 6, 2013. This means that virtually all prescribers m...

HSA funds may be used to pay for qualified medical expenses at any time. You are eligible for a tax deduction for additional contributions you made to you...

The Delaware state file number is the number that the state of Delaware issues to each new company at the time of formation. It is formatted with seven nu...