Taxes

IRS usually allows 5 years of business activity before they question if your activity is a business or a hobby. You must show a profit during at least three of the last five years, including the current year. There are exceptions to the basic rules. If your business activity does …

Investments are a part of a working persons life. People invest to save tax and to create a fund for retirement or lean times. When filling tax returns one needs to understand many subtle differences in different kinds of investments. A capital gain is the difference between what you paid …

Getting married or just got married then you need to think about whether you want to file tax returns jointly with your spouse or singly. The IRS gives individuals the choice. However, filing jointly according to tax gurus has more advantages than filing the tax returns singly. Before you take …