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Credit reporting agency Equifax has confirmed that they suffered a cyberattack prior to the attack that took place in September. It is thought that the hackers have gained access to months’ worth of consumer information. The company is thought to have exposed the information of...

Corporate tax is defined as “an assessment levied by a government on the profits of a company. The rate of corporate income tax paid by a business varies between countries, although since corporations are legal entities distinct from their owners and operators, they are typically...

It may seem like the Internal Revenue Service (IRS) is always asking for a ton of paperwork, but understanding which to complete and submit to them shouldn’t take too much time. You’ll definitely want to know the difference between a 1040, 1040A and 1040EZ …...

The Internal Revenue Service is just as frustrated with attempts at identity theft as taxpayers are. They’ve joined forces with the states and tax industry to verify the identity of taxpayers and the validity of tax returns through the “Taxes. Security. Together.” campaign. This is...

Writing off your vehicle on your taxes might sounds simple, but like anything else regarding the IRS, there are specifics that must be addressed. If done accurately, itemizing your vehicle expenses can result in a portion of a lease payment being used as a business...

Are your penalties for failing to file a tax return, not paying on time, and/or to depositing taxes when due piling up? Read on to learn how you can reduce or completely eliminate those costs. If such penalties exist on your file, the Internal Revenue Service...

When it comes to deducting expenses for small business owners who work from home, the Internal Revenue Service (IRS) has two methods for Home Office Deduction: regular and simplified. According to the regular method, you would have to calculate the usage of your home for business...

Many Americans are going through the Internal Revenue Service (IRS) Appeals process. Often times the Appeals offices are located far from the Taxpayer’s home. So, the IRS has an option to conduct the conference by telephone. But, this is not the ideal option for those...