Dividend income is taxable but it is taxed in different ways depending on whether the dividends are qualified or nonqualified. Investors typically find di...

As a business owner, you must report miscellaneous income you have paid on the 1099-MISC tax form. On Form 1099-MISC, include the amount you paid for each...

Title research will reveal who owns the mineral rights and what percentage belongs to you. Sometimes oil companies contact heirs when they find out the mi...

So, the Indexed cost of purchase = (FMV / 100) * 272. (Till Financial year 2016-17, the base year used to be FY 1981-82. To calculate the capital gains at...

Among the tax benefits available to homeowners, one of the most useful is the “principal residence exclusion” provided by Internal Revenue Code (IRC) sect...

Tax selling refers to a type of sale in which an investor sells an asset with a capital loss in order to lower or eliminate the capital gain realized by o...

Some reasons to want to sell a commercial property fast include: Being at risk of foreclosure or bankruptcy due to the property costs, and the fact you ca...

To be considered as a main residence for tax purposes, the property must be a dwelling house, or an interest in a dwelling house which is, or which at som...

Who needs to file Form 2555? You need to file IRS form 2555 if you want to claim the foreign earned income exclusion. You can claim an exclusion for incom...

If you sell stocks, bonds, derivatives or other securities through a broker, you can expect to receive one or more copies of Form 1099-B in January. This ...