In general, you're required to file a federal income tax return when your gross income is equal to or exceeds the sum of your exemption plus standard deduction.
... Read This PostAuthor: LCarpenter
Definition — Interesting changes
The home mortgage interest deduction was one of the itemized deductions changed by the December 2017 tax law that takes effect for 2018 federal income tax returns.
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Decisions — Taxpayers ask the questions
Need general information about tax law? When taxpayers write the IRS with general tax questions, the IRS National Office provides an information letter.
... Read This PostDecisions — Counting the days
All good things must end, including the amount of time the IRS is allowed to assess tax.
... Read This PostDecisions — What they signed up for
Remember that last contract you signed? Are you sure you know what you signed up for?
... Read This PostDecisions — Incoming Gift
Pastors get by with a little help from parishioners. But is that help a gift? Or taxable income?
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Definition – A whale of a breach
Once more into the breach… The security breach of an Equifax online dispute portal from May to July 2017 was a whopper.
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