If you are an employee, the Withholding Calculator can help you determine whether you need to give your employer a new  Form W-4, Employee's Withholding Allowance Certificate to avoid having too much or too little Federal income tax withheld from your pay. You can use...

Taxpayers must report all gambling winnings as income. They must be able to itemize deductions to claim any gambling losses on their tax return. Taxpayers who gamble may find these tax tips helpful: Gambling income. Income from gambling includes winnings from the...

The federal income tax is a pay-as-you-go system. Employers generally withhold tax from workers’ wages. Taxpayers also often have taxes withheld from certain other income including pensions, bonuses, commissions and gambling winnings. People who do not pay tax through...

You can deduct your moving expenses if you meet all three of the following requirements. Your move is closely related to the start of work. You meet the distance test. You meet the time test. After you have read these rules, you may want to use the figures that are...

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...

IRS Summertime Tax Tip 2013-08, July 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...

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...

IR-2017-110, June 22, 2017                                                                   WASHINGTON –The Internal Revenue Service reminds small businesses of the many free products available to help them understand and comply with the law. Products ranging from...

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 –...