To request S Corporation election, an LLC must file IRS Form 8832 (to be taxed as a corporation) and IRS Form 2553 (to choose S Corporation election). S Corp tax treatment allows corporations to ...

If you have a mortgage, you'll probably receive an IRS Form 1098 in the mail. Your mortgage lender is required to use this ...

Rules and reporting requirements depend on whether the cash is income or a gift, how much money changes hands and if you're ...

BOSTON (AP) — The Red Sox finalized a two-year contract on Monday with left-hander Patrick Sandoval, who is recovering from elbow ligament surgery. Sandoval, 28, made 16 starts for the Los ...

As we enter 2025, compliance with U.S. securities regulations remains a critical focus for startups and early-stage companies ...

IRS Form 8949 is crucial in reconciling the information reported on Forms 1099-B or 1099-S with the amounts you report on your return. These subtotals from Form 8949 are then transferred to ...

The IRS has published a private letter ruling on Section 4942, granting the taxpayer’s set-aside request. The taxpayer, a tax-exempt private foundation formed under a trust agreement and operating ...

This requirement is outlined in the Internal Revenue Code (IRC). Certain tax-exempt organizations are required to use Form 990: Return of Organization Exempt From Income Tax to fulfill their ...

Eligible taxpayers who have income up to Rs 5 lakh/7 lakh can claim tax rebate under section 87A up to Rs 12,500/25,000. The ...

What Is Form 1098: Mortgage Interest Statement? Form 1098, Mortgage Interest Statement, is an Internal Revenue Service (IRS) form used by taxpayers to report the amount of interest and related ...

LONDON (AP) — The father and stepmother of a 10-year-old girl found dead in her home in England were found guilty Wednesday of her murder after what prosecutors called a “campaign of abuse ...