February 11, 2017

College students may be able to reduce the amount of income subject to income tax, they can check if they qualify for either of the following credits or deductions:

Education Credits VS. Tuition and Fees Deduction

There are two types of Education Credits:

  1. The American...

January 30, 2017

I am an international student with an F1 visa and who has been living in the US as a "Nonresident Alien" for 5 years or less, and worked during the tax year, do I owe income taxes? Do I have to file an income tax return? How do I file? Can I claim spouse and dependent...

January 26, 2017

1. Better to give than to receive. Generally, businesses must issue the forms to any payee (other than a corporation) who receives $600 or more during the year. That's just the basic threshold rule, but there are many exceptions. That's why you probably get a Form 1099...

January 24, 2017

Required to File a Return?

In most cases, you will be required to file a Form 1040 and attach Schedule C and Schedule SE to report your earnings from being an Uber partner.

If you have net earnings (not gross) from Uber in excess of $400, you must file a federal tax retu...

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