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Congress is serious about collecting information about, and taxes from, non-U.S. persons who earn U.S. income. The applicable law is […]

If it weren’t for cash tips, many restaurant and bar employees would have trouble making ends meet. As for any

Here’s a quiz. What form is was updated a couple of years ago to include more information, is issued millions

You’re driving down the road when suddenly you see it: the car of your dreams! There it is with a

If you run a gambling establishment, you have the opportunity to make a small percentage of your customers very happy.

Then January comes and you get this form in the mail, this 1099-C. You have no idea what it is or why you have it or what you’re supposed to do with it.

Home ownership means having a mortgage and paying property taxes. Quite a burden, financially, but the government helps you carry it. You’re busy building equity as you pay for your home, while the government lets you deduct your mortgage interest and property taxes from your income, reducing your tax liability.

Did you know the US government wants to give you thousands of dollars for college? Did you know there are

Your state government sent you some money. That sounds good. So, is it taxable? Don’t know? Okay. Let’s figure it

The IRS has this rule: every penny of income any citizen receives must be reported. Period. There isn’t a dispensation