Why Tax Basis Is So Important
For tax purposes, the term “basis” refers to the original monetary value that is used to measure a gain or loss. For instance, if you purchase share
Tax Central
Forget Something on Your 2018 Return?
If you forgot to include necessary information on your 2018 return, you are not alone. In addition, you may have received a revised 1099 or K-1 since filing you
What to Do If You Receive a Dreaded IRS Letter
Now that most tax refunds are deposited directly into taxpayers’ bank accounts, the dream of opening your mailbox and finding an IRS refund is all but gon
Tax Problems
What is an IRS Penalty Abatement and Am I Eligible for One?
There are different types of IRS penalties that can be assessed against you. The most common penalties include those for failing to file a tax return, filing yo
Tax Central
Electric Vehicle Credit on the Decline
Back in 2009 Congress created a tax credit for the purchase of electric vehicles as a stimulus for car companies to manufacture “green” vehicles and
For Business
The Life of an Estimate in QuickBooks Online
Estimates-or quotes, or bids- are useful tools when you’re pitching a sale of products or services. Here’s how QuickBooks Online handles them.
Education Planning
Gift Tax Treatment of Tuition Plans
Qualified tuition plans (QTPs) provide a means for family members and others to save for the future educational needs of children. Investment earnings within a
Videos & Info Graphics
What Happens if you Made a Mistake on your Tax Return?
If you made an error on your tax return you’ve just discovered, you can file an amended return. Learn how.