Reading Time: 9 minutes With numerous forms and regulations to understand, it’s easy to get lost in the intricate web of taxation. In this article, we delve into the often-overlooked Tax Form 843, focusing on its purpose, eligibility criteria, and the steps required to claim refunds or request abatements. Whether you’re an individual taxpayer seeking a refund or a […]
Tax Form 843: Guide To Claiming Refunds And Abatements Read More »
Reading Time: 7 minutes Tax season can be a daunting time for many individuals and families, but understanding the intricacies of IRS forms can help make the process smoother and potentially save you money. One such form that can unlock significant tax benefits is IRS Form 5695. In this comprehensive guide, we will demystify Form 5695 and shed light
IRS Form 5695: Ultimate Guide to Energy Efficiency Tax Credits Read More »
Reading Time: 6 minutes As a business owner, hiring new employees can be an exciting and important milestone for your company. However, with new employees comes new responsibilities, including the need to properly report their employment and compensation to the Internal Revenue Service (IRS). In this article, we will discuss about IRS forms are needed for new employees and
Reading Time: 7 minutes As tax season rolls around each year, taxpayers are often left scrambling to gather their tax documents and file their returns on time. Fortunately, the IRS has developed a mobile app called IRS2Go that can help simplify the tax-filing process. What is IRS2Go? IRS2Go is a mobile app developed by the Internal Revenue Service (IRS)
Reading Time: 7 minutes As tax season approaches, many taxpayers begin to feel overwhelmed with the various forms and documents that they need to file. One such form that can confuse is the IRS Form 8863. In this article, we will break down everything you need to know about Form 8863, including who needs to file it, what it
Reading Time: 6 minutes Tax credit for dependents is a way to reduce your tax liability by claiming a credit for each qualifying dependent that you have. The credit can be applied to your federal income tax return, and it can help you to reduce your overall tax bill. As a tax professional, I often get questions about tax
Reading Time: 7 minutes IRS Form 1040-NR is a tax form used by nonresident aliens who have earned income in the United States or have certain types of U.S. source income. I understand that the US tax code can be complex and overwhelming, especially for those who are not familiar with it. In this article, I will provide a
Reading Time: 6 minutes As a tax officer, I understand the importance of education in a person’s life. Unfortunately, not everyone can afford the high cost of education. This is where education loans come into play. In this article, I will explain what an education loan is, who is eligible for an education loan, and how to get an
Reading Time: 8 minutes As an experienced tax specialist, I often get asked about the “Where’s my refund?” tool, and I can’t stress enough how important it is for taxpayers to use this resource to track the status of their tax refund. In this article, I’ll explain what the “Where’s my refund?” tool is, how to use it, and
Reading Time: 7 minutes Many people do not know what IRS Form 4506-T is and why fill it out. In this article, I will explain what this form is, who must complete it, and its features. What is IRS Form 4506-T? IRS Form 4506-T is a Request for a Transcript of a Tax Return. This form is used to
Reading Time: 7 minutes Today many taxpayers are not aware of their tax obligations, especially those who are not US citizens or permanent residents. One common question that arises is about Individual Taxpayer Identification Numbers (ITINs). In this article, I will explain what ITINs are, why you might need one, and how to obtain one. What is an Individual
Reading Time: 7 minutes One of the most significant changes in recent years has been the transition to electronic tax filing, also known as E-file. Electronic filing has made the tax filing process more streamlined and efficient for both taxpayers and tax authorities. In this article, we will discuss what an electronic declaration is, how to E-file tax returns
