In the tough times that small businesses are going through today, many business owners are choosing to levy payments for goods and services by bartering. It’s important to recognize that the fair market value of the goods or services provided or exchanged is still taxable income. By definition, bartering is the exchange of products or…
Missing a W-2? Here is what you do! In order to file your 2010 tax return, you need to have all of your financial and tax documents including all your W-2 employment forms. You should receive Wage and Tax Statement, Form W-2, from each employer you worked for in 2010. January 31st, 2011 was the…
According to the US Tax Laws, generally, most of your income is considered taxable but in some situations, certain types of income can be either only partially taxable or not at all taxable. In order to help you understand the difference between taxable and non-taxable income, here are some familiar examples of income not taxable…
There are several reasons to request previous year’s tax information. One of which is for purchasing a home or making any other substantial purchase. Another is if you are delinquent in filing your tax returns or just want to amend a previous year return. In this case you will need a copy of all information…