Ron and Mary both live in the same split-level ranch they bought as newlyweds in 1995. But the problem is that Ron and Mary are not newlyweds anymore — or...

Any bond interest your company pays is tax-deductible. You count it as interest expense on your balance sheet and on the Schedule C that accompanies your ...

annual general meeting An annual general meeting (AGM) is a yearly gathering of a company’s interested shareholders. At an AGM, the directors of the compa...

You figure the amount you’re allowed to deduct on Schedule A (Form 1040). Medical care expenses include payments for the diagnosis, cure, mitigation, trea...

The penalty is adjusted each year for inflation. For example, if a partnership has four partners and files a return three months late, the penalty for lat...

Limitations to profit sharing plans Employers can only deduct contributions to retirement plans of up to 25% of total employee compensation. Total contrib...

A void contract, also known as a void agreement, is not actually a contract. A void contract cannot be enforced by law. Void contracts are different from ...

Safety. E-filing is more secure than paper filing, according to the IRS, because the return, with all your sensitive information, is transmitted directly ...

This article will explain the steps required to become a legal nonprofit in the United States. Step 1: Choose a Name. Prepare Your Articles of Incorporati...

Born at 22 weeks, these micropreemies are home for the holidays. After spending 218 days in the NICU, the twins are among the youngest ever to survive suc...