You Have to Report All Your Winnings Whether it’s $5 or $5,000, from the track or from a gambling website, all gambling winnings must be reported on your ...

If you teach full-time for five complete and consecutive academic years in certain elementary or secondary schools or educational service agencies that se...

Most states allow couples to become legally separated. There are only six states that do not offer some form of legal separation….The states that do not a...

Filing Information for New York State nonresidents. If you are a New York State nonresident you must file Form IT-203, Nonresident and Part-Year Resident ...

This is known as your ‘annual exemption’. You can carry any unused annual exemption forward to the next year – but only for one year. Each tax year, you c...

Employer Identification or Tax ID Number. You will be required to obtain an EIN for your blog. For more information on how to do this, visit this post. Yo...

A 1099 form is used to report miscellaneous income, such as gross rent, for US residents and businesses only, whereas a 1042-S (Foreign Person’s U.S. Sour...

Usually a life estate requires the tenant maintain the house and pay insurance and property taxes on it. At his death, or if he decides to leave, you take...

The basis limits are the first of three limitations that are applied to Schedule K-1 losses and deductions. After the basis limits are applied, the At-ris...

Holiday bonuses are customary in many types of companies but not all and not for all employees within the company. According to the 2014 Bank of America s...