After a disaster, many business owners might need to reconstruct records to prove a loss. (more…)
Archive for the ‘IRS’ Category
IRS Gives Tax Relief to Victims of California Wildfires; Extension Filers Have Until Jan. 31 to File
Victims of wildfires ravaging parts of California now have until Jan. 31, 2018, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service announced.
Throughout the year, many taxpayers contribute money or gifts to qualified organizations eligible to receive tax-deductible charitable contributions. (more…)
In today’s economy, many individuals are self-employed. Others generate income from interest, rent or dividends. (more…)
Taxpayers who are divorcing or recently divorced need to consider the impact divorce or separation may have on their taxes. Alimony payments paid under a divorce or separation instrument are deductible by the payer, and the recipient must include it in income. Name or address changes and individual retirement account deductions are other items to consider.