news
Can the IRS collect tax debt after 10 years?
As the 10-year period comes to an end, you will likely receive more communication from the IRS, but you will not be threatened or pressured. If anyone is ...
Jul 24, 2026 • 1 READS
news
When was the first divorce filed?
According to History.com, the first recorded divorce in the American colonies was that of Anne Clarke and her husband Denis Clarke of the Massachusetts Ba...
Jul 24, 2026 • 2 READS
news
How do I report gain on sale of business?
Report the sale of your business assets on Form 8594 and Form 4797, and attach these forms to your final tax return. Form 8594 is the Asset Acquisition St...
Jul 24, 2026 • 1 READS
general
Are there different 1099 forms?
How Many 1099 Forms Are There? 1099-A, Acquisition or Abandonment of Secured Property. 1099-B, Proceeds From Broker and Barter Exchange Transactions. 1099...
Jul 24, 2026 • 1 READS
news
What to do when your tax file is missing?
When your tax file is found, be very sure to note the exact directory that it is in – Windows uses a lot of User\ and My Notes and My Documents and other ...
Jul 24, 2026 • 1 READS
general
What happens if my husband files a fraudulent tax return?
If convicted, he faces fines and, possibly, incarceration. If the fraudulent return causes you to owe money or lose your refund, you can file Form 8857 to...
Jul 24, 2026 • 1 READS
general
Which is an entity, entity type and entity set?
Example 2: We can form another entity set by taking three entities from the table. (2, Angel, 19, 8709054568) , (3, Priya, 20, 9864257315) and (4, Analisa...
Jul 24, 2026 • 1 READS
news
Can a husband and wife partnership file a Schedule C?
Spouses electing qualified joint venture status are treated as sole proprietors for Federal tax purposes. Each spouse must file a separate Schedule C (or ...
Jul 24, 2026 • 1 READS
updates
What does a tax credit reduce?
A tax credit is a dollar-for-dollar reduction of the income tax you owe. Tax credits reduce the amount of income tax you owe to the federal and state gove...
Jul 23, 2026 • 1 READS
general
How much do truckers that own their own truck make?
How much an owner operator gets paid is affected greatly by expenses. According to Indeed, an independent truck driver’s gross pay averages $183,000 per y...
Jul 23, 2026 • 1 READS
