Should I Buy a Car with a Rebuilt Transmission? It is not bad to purchase a vehicle with a used transmission and it is typically worth it. The rebuilt tra...

If you go this route, you can indeed “hire” yourself as an employee, pay yourself a salary and issue yourself a W-2 form. But understand that your company...

A qualified disaster is defined in section 139 as a disaster that: Payments by a federal, state, or local government, or their agencies or instrumentaliti...

New rules for NOL carrybacks. Section 2303 of the CARES Act amended section 172 as revised by the Tax Cuts and Jobs Act (TCJA), section 13302, for tax yea...

The operation of an unlicensed radio station, sometimes called ‘pirate radio,’ is illegal. Illegal broadcasters use equipment which may cause interference...

Can you claim gasoline and mileage on taxes? No. If you use the actual expense method to claim gasoline on your taxes, you can’t also claim mileage. The s...

Generally, life insurance proceeds you receive as a beneficiary due to the death of the insured person, aren’t includable in gross income and you don’t ha...

Re: Do capital losses count against ACA MAGI? Yes, they do within the limits that apply to line 13 on the form 1040. Use your tax program to project the a...

Full service movers will pack up your entire house for you with trained packers who can get your belongings safely boxed up in a fraction of the time it m...

If you receive a Form W-2 or 1099-MISC reporting excludable difficulty of care payments, notify the payor that you are choosing to exclude the payments fr...