The Internal Revenue Service just announced the increased limits for tax deductibility of long-term care insurance premiums. According to IRS Revenue Proc...

The costs and considerations you need to think about before signing your house over to your children. You are permitted to give your property to your chil...

If you’re an independent contractor, you get a 1099 form. If you’re an employee, you receive a W-2. If you’re a contractor, you are responsible for calcul...

Traders make money by buying commodities (or commodity derivatives) for a certain price and then subsequently selling them for a higher price. The buyer o...

When Unexpected Money Shows Up If the reverse situation occurred and you suspect someone else’s money was mistakenly deposited into your account, don’t tr...

Living in your rental full-time for at least two years prior to selling can help you take advantage of the gain exclusion of $500,000 ($250,000 if single)...

The Worst Days to Buy a House Kids are out of school and people have time to shop around. Many families try to buy a home between May and August. All of t...

Don’t Ask! Keeping payers advised of your current address is a good idea, but if you don’t receive a Form 1099 you expect, I wouldn’t request it. If you a...

Proc. adds a new automatic accounting method change (DCN 244) to Rev. Proc. 2019-43 that does not impose any time limitations related to filing. What is t...

To get the DTI percentage, we divide your total monthly debt by your gross monthly income (before income taxes). How can I get a loan being self-employed?...