When you earn income from the rental of a home, apartment, condo or other property, you will report both gross and net income on the T1 tax return using Form T776 (Statement of Real Estate Rentals).

As a landlord, understanding the tax documents you need is crucial for compliance and  maximizing your deductions. From IRS ...

Why Rental Income Still Matters in 2017 For all the talk about stocks, tech, and fast-moving markets, real estate remains one of the most trusted ways to earn passive income. At the centre of it all ...

A Senate bill would bar states from imposing tax and withholding on out-of-state workers who work for no more than 30 days ...

Most taxpayers depend on the same basic data to file returns. If you have a job, your employer must provide both you and the IRS with a W-2 that details your earnings and taxes withheld for the prior ...

The 50/30/20 rule is a popular budgeting technique. Use this calculator to figure out how to spend your money.

Amounts forgiven through debt settlement may be taxed as income by the IRS. An IRS worksheet shows how to avoid paying taxes on debt settlement when you're insolvent. Taxpayers who are insolvent ...

Where federal tax brackets and rates will land next year depends whether Congress extends the 2017 tax cuts for individuals that expire at year-end. That law kept the former seven brackets ...

Digital assets transactions from Bitcoin, XRP, other cryptocurrencies and non-fungible tokens (NFTs) must be reported on taxpayer's tax returns. The Internal Revenue Service says that income from ...

child tax credit and student loan interest; and report income from stocks, crypto and other investments, rental properties, gambling and more. Cash App Taxes processes both federal and state taxes ...