FAQ Search Results

May I claim the child tax credit for a child who has an individual taxpayer identification number (ITIN) rather than a Social Security number (SSN)?

For IRS purposes, how do I classify a domestic limited liability company (LLC)? Is it a sole proprietorship (disregarded entity), partnership, or a corporation?

Can a married couple operate a business as a sole proprietorship or do they need to be a partnership?

My employer paid me additional compensation to cover my graduate school tuition, paid the tuition directly to the graduate school, and included it on my W-2 as wages. The program improves skills needed in my current field of employment but doesn't qualify me for a new trade or business. Can I claim this educational expense on my tax return and, if so, where do I claim the expense?

What is the due date for business income tax returns?

How do I report interest income on an installment sale?

Must a partnership or corporation file an information return or income tax return even though it had no income for the year?

I don't owe taxes. Can I file electronically after April 15?

I exercised my rights to receive life insurance distributions before death. Are these proceeds taxable?

I use my home for business. Can I deduct the expenses?