What happens to your debts after you die depends on the type of debt, whether anyone cosigned the loan, where you live, and the size of the estate you leave behind. If you are married, your surviving spouse will have to assume responsibility for the outstanding debt...

If you use one of the many online platforms available to rent a spare bedroom, provide car rides, or to connect and provide a number of other goods or services, you’re involved in what is sometimes called the sharing economy. An emerging area of activity in the past...

IJuly 19, 2013 A vacation home can be a house, apartment, condominium, mobile home or boat. If you own a vacation home that you rent to others, you generally must report the rental income on your federal income tax return. But you may not have to report that income if...

Receiving a bonus at work usually happens toward the end of the year. Employers pay bonuses as a reward to employees for their hard work during the year, with many companies using a bonus as an incentive to motivate employees. While a bonus represents a great...

We can't caution you enough about all of the scams that are out there. Please follow the link here in the article to read about all of the latest scams that have been going on this summer. Be smart and educate yourself. Don't become a victim to the scams. WASHINGTON –...

The Internal Revenue Service reminds small business owners who work from a home office that there are two options for claiming the Home Office Deduction. The Home Office Deduction is often overlooked by small business owners. Regular Method The first option for...

As a business or rental owner, you are required to send 1099-Misc. forms to individuals and businesses for services they provided, if the total comes to $600 or more for the year. The $600 limit is per year, not per job. These services provided to you can include...

When it comes to taxes, many taxpayers are hesitant to throw away even the tiniest scrap of paper. It's true that the Internal Revenue Service (IRS) wants you to hang onto your important tax records. But that doesn't mean that you have to keep your tax records...