Explore the 1,000’s of tax questions answered by professionals.

How do I report income from an investment club? Is it similar to a mutual fund? ... read on

How do I report punitive damages shown on Form 1099-MISC? ... read on

I have a sole proprietorship. I want to promote and sell a product where I will give 10% of sales .... ... read on

In a medical practice, is the cost of supplies, which is given to patients on site, considered inventory, or an .... ... read on

I'm on a 1-year work assignment in a foreign country (Japan), away from my permanent residence (Michigan). While in Japan, .... ... read on

My wife doesn't work, but owes student loan debt from before we got married. If I file married filing jointly .... ... read on

If someone claims a self employed health insurance deduction on their form 1040, does this amount always have to be .... ... read on

Is private school tuition tax deductible? If not, are there any available tax benefits to sending a child to .... ... read on

My girlfriend and I each own a home. Each of us have a mortgage of approximately $700,000. As two single .... ... read on

For my S corporation, I am taking a salary of $100,000. I have a solo 401(k). What is the .... ... read on