Janie EvansMay 4, 20222 minValuable gifts to charity may require an appraisalThere are certain requirements if you donate valuable assets to charity. Here are the requirements for obtaining an appraisal.
Gwen DiMeoMay 3, 20222 minBusinesses may receive notices about information returns that don't match IRS recordsIf your business has independent contractors or makes other payments to customers or others, you probably file 1099 forms with the IRS.
Chris CollinsApr 26, 20222 minThe tax mechanics involved in the sale of trade or business propertyThe tax treatment of the sale of business assets can be complex. Here’s an overview.
Cassady SchillerApr 26, 20222 minWant to turn a hobby into a business? Watch out for the tax rulesWriting, painting, & crafts are just some of the hobbies that taxpayers turn into businesses. Can they deduct losses on their tax returns?