The following are considered Balikbayans: A Filipino citizen who has been continuously out of the Philippines for a period of at least one (1) year. A Fil...

The credit provides up to $7,500 in a tax credit when you claim an EV purchase on taxes filed for the year you acquired the vehicle. So, if you bought an ...

IRS Form 1041 can either be filed either according to the calendar year or a fiscal year. For calendar year estates and trusts, the Form 1041 must be file...

Losing a parent as a teenager has lasting effects. The mental health of teenagers who lose a parent experience worsened mental health than those who have ...

Employees and Independent Contractors Whenever you hire anyone to perform services for your rental activity, you can deduct their wages as a rental busine...

In general, the final individual income tax return of a decedent is prepared and filed in the same manner as when they were alive. All income up to the da...

As of 2020, there are two available tax credits for education expenses: the American Opportunity Credit (AOTC) and the Lifetime Learning Credit (LLC). Who...

Uncashed checks occur almost exclusively in situations where either a participant has neither requested nor consented to a distribution, or the check repr...

The funds from an uncashed payroll check should never be returned to the company’s payroll checking account. Employers must keep the funds available to pa...

If in fact you actually paid your husband then yes, you can issue a 1099 to him. You would deduct this as a business expense on Schedule C. You would need...