Make sure you claim all the expenses you can when you prepare your 2025 income taxes. We’re here to help you minimize your tax obligation and get the most money back from the IRS.
Tax season for 2025 income is arriving with a familiar mix of urgency and confusion, especially around how early you can ...
In this week's Ask the Editor Q&A, Joy Taylor answers questions on reporting income and loss from residential rental property.
Before filing your tax return, be sure you understand these 14 key tax forms, what they're for, and how they can impact your refund or what the amount you owe.
Once you’ve completed your documentation, you’ll file Form 1040, Schedule E, and Form 4562 with the IRS. If you live in a state that collects income tax, you must also file a state return.
If you’re a new real estate investor, you might ask yourself, “Will the IRS know about my rental income?” The answer is simple: Yes, the IRS will know if you have rental income. And if you try to ...
What are the IRS reporting requirements for rental income? If you’re a new real estate investor, you might ask yourself, “Will the IRS know about my rental income?” The answer is simple: Yes, the IRS ...