Understanding Your Estimated Tax Payments:
The Supreme Court on Thursday standardized taxing rules for traditional retailers and online transactions, ruling that states and localities may collect sales taxes on all purchases over the internet.
Christine Benz: Hi, I'm Christine Benz for Morningstar.com. Losing a spouse is a sad life event, of course, and it can also bring financial challenges. Joining me to discuss key priorities for new widows is Nancy Coutu. She is a principal with Money Managers Limited in the Chicago suburbs.
Nancy, thank you so much for being here.
The Tax Cuts and Jobs Act (TCJA) expands the first-year depreciation deductions for vehicles used more than 50% for business purposes. Here's what small business owners need to know to take advantage.
Forget floor seats to a Lakers game or front-row Beyoncé tickets on another company’s dime. Under the new tax law, businesses can’t deduct most entertainment expenses anymore.
As the April 17th deadline has come and gone, refunds are beginning to be disbursed by the IRS. During this time, sophisticated phone scams are targeting taxpayers. According to a study conducted by the Treasury Inspector General, over $23 million dollars have been paid by over 4,000 victims as a result of tax scams. Earlier this year, the IRS released their 2018 “Dirty Dozen” which include a list of the most common tax scams that can affect taxpayers. Among the list are phone scams. Here is a little background on how these type of fraudulent calls work: Scammers often alter caller ID numbers, known as spoofing, to make it seem the IRS or another agency is calling. They make demands and try to scare the victim into making immediate payments. Each year scammers are working to improve their antics. In order to protect yourself from fictitious phone calls or messages, here are some tips:
Do you own residential or commercial rental real estate? The Tax Cuts and Jobs Act (TCJA) brings several important changes that owners of rental properties should understand.