Income from any retirement account, such as a 401(k), Simple IRA or 403(b), is taxable in Utah. Pension income is also taxable. However, Utah residents wi...

Whether you’re the person in charge of your employer’s tax compliance or a small business owner who reports business income on a personal income tax retur...

An ordained minister is a common law employee of a church for income tax purposes and is taxed on offerings, wages and fees for ministerial services. Thus...

Proof of Insurance You are not required to send the IRS information forms or other proof of health care coverage when filing your tax return. However, it’...

A construction bond (also known as a surety bond) is a contract between the person who is having work done (your customer), the person doing the work (tha...

They do not act for their own benefit under a power of attorney or make decisions that involve their own assets and finances. In other words, the attorney...

However, not depreciating your property will not save you from the tax – the IRS levies it on the depreciation that you should have claimed, whether or no...

You can only report your alimony payments as a tax deduction only if you finalized your divorce by December 31, 2018. Similarly, the recipient must report...

The answer depends on the donor’s intent. If a love offering is made to compensate a pastor for services previously performed, then it is taxable. If the ...

Typically, businesses such as banks, insurance companies, and trusts are not allowed to become LLCs. In this way, your liability protection may be stronge...