Personal exemptions and exemptions for dependents form a basic part of the U.S. individual income tax law. Knowing the criteria and requirements for claiming these exemptions will facilitate the prep ...
Schedule D is used to report capital gains and losses on assets held for personal or investment purposes. You may need to use Form 4797 to report gains or losses on sales, exchanges or other disposal ...
A Roth IRA is a special type of individual retirement plan. It is subject to many of the same rules that apply to traditional individual retirement arrangements (IRAs). But there are some difference ...
A cash flow forecast can provide you with a clear picture of when you can expect to receive cash and from where it will come, and when you will need to spend cash and what you will spend it on. Using ...
You may have had federal income tax withheld from your pay all year, and wonder if you really need to file a return. Or you may think you didn’t make enough money to have to file a return. But it ...
While the basic financial statements – balance sheet, income statement, and cash flow statement - will provide you with valuable information, there are a number of other types of comparisons and ana ...
Stock options are basically rights to purchase stock at a specified price, and generally within a certain period of time, or upon completing a vesting period. There are three types of employee stock ...
U.S. federal income tax law provides certain tax benefits and incentives for saving for retirement. At the same time, the law encourages the intended use of retirement savings by imposing special add ...
Wash sales and short sales are special types of securities transactions for tax purposes. Losses on wash sales are generally not deductible, and may affect the basis of the new securities acquired. ...
In the normal course of your trade or business, you may make payments to persons from outside the United States. If the payments you are making constitute U.S. source income, the payee may be liable ...