You can only report your alimony payments as a tax deduction only if you finalized your divorce by December 31, 2018. Similarly, the recipient must report...

There are eight ways to terminate an easement: abandonment, merger, end of necessity, demolition, recording act, condemnation, adverse possession, and rel...

Monitor Your Production Most solar companies provide some kind of monitor for the systems they install, which may be a physical monitor at your home or an...

Can you withdraw large amounts of cash from a bank? Financial institutions cannot stop you from withdrawing your money from a bank. Instead, Financial tra...

The 3-year itch refers to a turning point in many relationships. As each person considers committing to the other in a long-term relationship, they notice...

Proof of Insurance You are not required to send the IRS information forms or other proof of health care coverage when filing your tax return. However, it’...

With the enactment of the TCJA, the timing of when a divorce is finalized becomes vital. 2018 divorces. The longstanding rules apply: Alimony payments are...

The applicable federal rate (AFR) is the interest rate that applies to personal loans. It is the minimum rate applicable to such loans under U.S. law. The...

However, not depreciating your property will not save you from the tax – the IRS levies it on the depreciation that you should have claimed, whether or no...

You can deduct your loss against capital gains. Any taxable capital gain – an investment gain – made that tax year can be offset with a capital loss. If y...