I heard there's a credit for hiring certain groups of workers, such as veterans or ex-felons. Is that the same thing as the work opportunity tax credit?

I heard there's a credit for hiring certain groups of workers, such as veterans or ex-felons. Is that the same thing as the work opportunity tax credit?
Frequently Asked Questions

If I anticipate a sizable capital gain on the sale of an investment during the year, do I need to make a quarterly estimated tax payment during the tax year?

If I anticipate a sizable capital gain on the sale of an investment during the year, do I need to make a quarterly estimated tax payment during the tax year?
Frequently Asked Questions

I received a Form 1099-NEC with an amount in box 1 for nonemployee compensation. What forms and schedules should I use to report income earned as an independent contractor?

I received a Form 1099-NEC with an amount in box 1 for nonemployee compensation. What forms and schedules should I use to report income earned as an independent contractor?
Frequently Asked Questions

I purchased a rental property last year. What closing costs can I deduct?

I purchased a rental property last year. What closing costs can I deduct?
Frequently Asked Questions

If I sell my home and use the money I receive to pay off the mortgage, do I have to pay taxes on that money?

If I sell my home and use the money I receive to pay off the mortgage, do I have to pay taxes on that money?
Frequently Asked Questions

I've heard that I can sell my rental property and use the proceeds to purchase rental property of equal or greater value and the transaction is viewed just like an exchange in that the tax is deferred until the new property is sold. Is this true?

I've heard that I can sell my rental property and use the proceeds to purchase rental property of equal or greater value and the transaction is viewed just like an exchange in that the tax is deferred until the new property is sold. Is this true?
Frequently Asked Questions

My mother transferred the title of her home to me. Do I need to report this transaction to the IRS?

My mother transferred to me the title of her home. Do I need to report this transaction to the IRS?
Frequently Asked Questions