Entities organized under Section 501(c)(3) of the Internal Revenue Code are generally exempt from most forms of federal income tax, which includes income ...

Since you are 100% VA rated you should be receiving your military retirement pay and VA disability pay (concurrent receipt). Your VA disability under Publ...

Audits can be appealed in the same manner as lesser court rulings, and in many cases, the Office of Appeals overturns (or at least modifies) the findings ...

Re: Do capital losses count against ACA MAGI? Yes, they do within the limits that apply to line 13 on the form 1040. Use your tax program to project the a...

Generally, life insurance proceeds you receive as a beneficiary due to the death of the insured person, aren’t includable in gross income and you don’t ha...

Scam! I paid stop IRS debt thousands of dollars to help with my tax debt and I still have to pay my taxes in full. My husband and I hired this company abo...

Day traders, according to the IRS, are not investors. To qualify as a day trader, you have to approach buying and selling stocks and securities as a busin...

Plans allow loans to be the lesser of 50 percent of a participant’s 401(k) balance, or $50,000, so that, if they default, the remaining account balance ha...

For most people, the biggest tax break from owning a home comes from deducting mortgage interest. For tax year prior to 2018, you can deduct interest on u...

Can you claim gasoline and mileage on taxes? No. If you use the actual expense method to claim gasoline on your taxes, you can’t also claim mileage. The s...