Every C corporation that derives gross income from export activities should consider the foreign-derived intangible income (FDII) deduction. While the FDII deduction comes with a complex set of rules, ...

Tax terminology can often feel like a foreign language, but there are a few standard terms a taxpayer will benefit from understanding. Adjusted gross income, or AGI, is one of these terms, and most ...

Modified adjusted gross income, or MAGI, might sound like just more tax jargon, but knowing how to calculate your MAGI is key to determining your eligibility for several valuable tax benefits, ...

Adjusted gross income is a significant number to understand when filing your taxes. It plays a vital role in the amount you owe in taxes and can impact other aspects of your financial life. This ...

Becoming a landlord can produce a good income stream, but only if your property generates enough money. The effective gross income formula is one method for calculating this. It includes not only ...

The concept of adjusted gross income is intimidating to many people, especially given how long and complex tax returns have gotten. Yet if you're like millions of Americans whose sole source of income ...

Adjusted gross income, or AGI, refers to your total income subject to tax, minus a few specific deductions. AGI is important, as it is used to determine your ability for certain tax credits and ...

The only inevitables in life, as they say, are death and taxes. If forced to choose, most would choose taxes; however, no taxpayer wants to pay more than he needs to. A careful computation of your ...

While the wealthiest must be overjoyed with all the tax giveaways in the One Big Beautiful Bill, the new legislation can ...

The U.S. Small Business Administration (SBA) issued new Paycheck Protection Program (PPP) rules that allow self-employed individuals who file Form 1040, Schedule C, Profit or Loss From Business, to ...