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Are you eligible for VA benefits? Find Out Now

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America’s system for veteran support can reportedly trace its roots back to 1636, when the pilgrims passed a law promising that disabled soldiers would be supported by the colony. Today, the Veterans Affairs healthcare system has grown to include 152 hospitals, 800 community based outpatient clinics, 126 nursing home care units, and 35 domiciliaries. (Learn...Read More

Reporting a Home Foreclosure: Form 1099-A

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This post was updated in April 2018 When a house is foreclosed upon by the bank, the owners typically receive Form 1099-A from their mortgage lender showing several pieces of important information. The owners will need the information on Form 1099-A to report the foreclosure on their tax return. Taxpayers are required by law to report the foreclosure just like...Read More

For the Record: Form 1065 Schedule K-1

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 Keeping your financial records organized is important when you run a business, especially if your business is a partnership. It’s easy to assume your partner will hold onto all the important tax documents- but what if he doesn’t? Form 1065 (Schedule K-1) is the IRS’s way of encouraging you to keep your own copies for...Read More