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Form 6252: How to Report Installment Sale Income

Taxpayers use Form 6252 to report installment sales when at least one payment arrives after…

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Straight Line Depreciation: Definition and How to Calculate

Understanding the financial health of a business involves a lot of accounting. One of the…

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How Are Bonuses Taxed in 2025?

Bonuses paid by employers get special tax treatment and could have a significant impact on…

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Tax-Exempt Interest on Form 1040: How to Report and Examples

Reporting tax-exempt interest on Form 1040 is required even though the interest is not taxed.…

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What Is the Federal Corporate Income Tax Rate?

The federal corporate income tax rate in the U.S. is a flat 21% as of…

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What to Buy Before and After Trump Tariffs Go Into Effect

President Donald Trump is forging ahead in his second term with an ambitious and controversial…

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Puerto Rico Tax Benefits for Americans: What to Know

As a U.S. territory, Puerto Rico can offer tax incentives not available on the mainland.…

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Form 8283: How to File for Noncash Charitable Contributions

When you donate noncash items—such as artwork, vehicles, clothing or other property to a qualified…

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Form 8396: How to Claim Mortgage Interest Credit

Form 8396 is used to claim the mortgage interest credit. This is a nonrefundable federal…

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Section 83(b) Election for Stock Options: Deadline, Examples

An 83(b) election lets individuals who receive restricted stock or stock options pay taxes on…

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