Do you wait until the year is over to update your books? If so, you’re missing out on seeing if you could have saved some money before the year...
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Will your debt cancellation be taxable?
Any debt that has been canceled can be considered taxable on your income tax return. You would normally receive a Form 1099-C, Cancellation of...
READ MORELending Money to Family Could Taxing
Lending money to family members probably dates back to the invention of money. Tax problems can arise when you first lend money, as you’re...
READ MOREAre You Dedicated to Long Term Saving?
A survey conducted by the AICPA polled over 1,000 adults to find out what they would cut back on in a financial bind or to help with long term...
READ MORESurviving a Sales Tax Audit
To increase state revenues without increasing tax rates, many states have been implementing more audits to be sure businesses are paying what...
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