Start For Free

Fast, Secure, and Always Accurate!
Help Categories

Articles
If you owed on your return this year, consider making Estimated Payments to the IRS in the upcoming tax year.

Sometimes taxpayers elect or are required to make estimated payments to the IRS throughout the year in expectation of the following year's tax liability. If your return this year results in an amount due, you may want to consider either...

What expenses cannot be deducted as "moving expenses"?

Expenses of buying or selling a home (including closing costs, mortgage fees, and points). Expenses of entering into or breaking a lease. Home improvements to help sell your home. Loss on the sale of your home. Losses...

What is a "capital asset"?

Selling Your Home ....

W-2 - What is a Statutory Employee?

cleaning, if the driver is your agent or is paid on commission. A full-time life insurance sales agent whose principal business activity is selling life insurance or annuity contracts, or both, primarily for one life insurance company...

Life events that may have a significant tax impact

Information for First-Time Homeowners Publication 17 , Your Federal Income Tax Publication 523, Selling Your Home Form 8822, Change of Address Bankruptcy Publication 908 , Bankruptcy Tax Guide Decedents Publication 559 , Survivors, Executors...

Vermont Tax

is on the selling price which includes shipping and handling charges. You may use the optional Use Tax Reporting Table that bases your Use Tax liability on 0.08% of your Federal Adjusted Gross Income, provided that the cost of each item is less than...

Schedule C - Cost of Goods Sold

If your business produces income by manufacturing, selling or purchasing goods, you can deduct some of your expenses in the Cost of Goods Sold section of your Schedule C. In order to complete this section, you will need to input your...

What expenses can I deduct as "moving expenses"?

You can deduct the reasonable expenses of moving your household goods and personal effects and of traveling from your old home to your new home. Reasonable expenses can include the cost of lodging (but not meals) while traveling to...

What is the difference between "Direct Expenses" and "Indirect Expenses"?

There are 2 types of expenses that you can deduct related your home office/business: Direct Expenses and Indirect Expenses. Direct Expenses: Direct expenses are those expenses that are paid only for the business part of your home...

Repayment of First-Time Homebuyer Credit (Form 5405)

with to add the repayment to your tax return. Homeowners who purchased their home after 2008 and you owned it and used it as your main home for at least 36 months beginning on the purchase date, you do not have to repay any of the credit or...