What If I Don't File a Gift Tax Return?
If you give a gift and the fair market value exceeds $13,000 as of the 2012 tax year (rising to $14,000 in 2013), you must file a gift tax return. You must file the return between Jan. 1 and April 15 in the calendar year you made the gift. If you cannot meet the deadline, you ...
What Is Schedule E in Taxation?
Use IRS Schedule E to report passive income or losses from things like rental property, royalties and partnerships. Income you report on tax Schedule E differs from self-employment income because it ...Read More
Filing Taxes When You Don't Own a House
It's common to hear about all the tax benefits you can claim when you own your own home. Sure, if you're renting that means you don't have mortgage interest or real estate taxes to write off. However ...Read More
Can I Be Denied a Tax Extension?
If tax deadlines are looming and you’re nowhere near ready to file, a tax extension might be the perfect solution. The IRS can’t deny a tax extension if your request is made timely, but ...Read More
How to File as Married Head of Household
The Internal Revenue Service considers you either married or single when it comes to filing taxes. Generally, you can use the head of household filing status if you are unmarried but support a ...Read More