When a wash sale is triggered by an IRA trade, the loss is permanently disallowed in your taxable account. There are no requirements to file IRS reporting...

Some organizations choose to switch at the beginning of a year or quarter because it makes their financial records easier to follow. But the bottom line i...

Although an S corporation is limited to 100 shareholders, members of the same family are treated as a single shareholder. This can include both grandparen...

Here are Rewers’s five surprising tips to make selling to corporate clients a little easier. Take the road less traveled. Timing is everything. Don’t try ...

Under today’s system, non-profits are exempt from paying taxes—not only federal business income taxes but often state and local levies such as property, i...

The IRS Fresh Start Program is an umbrella term for the debt relief options offered by the IRS. The program is designed to make it easier for taxpayers to...

Under the Internal Revenue Code, all section 501(c)(3) organizations are absolutely prohibited from directly or indirectly participating in, or intervenin...

The federal tax rules for private disability insurance payments depend on who paid the premiums and how they were paid. Generally, if your employer paid t...

You can amend a Married Filing Joint (MFJ) return to a Married Filing Separate (MFS) return and vice versa. When amending a MFJ return to a MFS return, fi...

Depending on the scope, the initial investment required for a cleaning business ranges between $2,000 – $6,000. This figure includes legalities, insurance...