When you sell an asset for more than you paid for it, the profit you make is considered a capital gain and must be reported to the IRS. Understanding how to use Schedule D to report these gains will ...

Long-term capital gains — that is, on assets held for a year or longer — are taxed at a 0%, 15% or 20% rate, depending on ...

The IRS Form 1040 is the primary document used by taxpayers in the United States to file their annual income tax returns. It serves as a comprehensive summary of your financial year, detailing all ...

Seattle man with violent history arrested for brutal downtown attack on elderly woman A 42-year-old man was arrested Friday afternoon for a brutal attack on an elderly woman in Downtown Seattle, ...

If your small business is a sole proprietorship, partnership, limited liability company or S-corporation, you and any co-owners pay the business's taxes through the income you report to the Internal ...

The federal individual income tax has always featured a progressive rate schedule, with higher brackets for higher-income taxpayers. Although brackets work in a straightforward manner, a recent survey ...

The House version of the budget reconciliation bill includes a provision to raise the corporate income tax rate from 21 percent to 26.5 percent and reintroduce a progressive rate schedule. Under the ...

The marginal income tax rate for a corporation refers to the rate at which the company's last dollar of taxable income is taxed. Knowing the marginal tax rate helps the company better anticipate the ...