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What Happens to My Debts When I Die?

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...

Sharing Economy Tax Center

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...

Renting Your Vacation Home

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...

How are Bonuses Taxed?

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...

IRS Cautions Taxpayers to Watch for Summertime Scams

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....