Reading Time: 7 minutes Taxes are integral to our society, fueling public infrastructure, healthcare, and social welfare programs. One type of tax that directly impacts both employers and employees is the payroll tax. Payroll taxes play a vital role in funding government initiatives and social security systems. In this article, we will delve into the intricacies of payroll tax, […]
Reading Time: 8 minutes Whether self-employed or freelance, it’s important to keep track of your taxes, including filing required paperwork on time. This is more than true, especially when it comes to IRS quarterly tax forms. We dive into the world of IRS quarterly tax forms, what they are, why they are important, and how they can be filed
How to Avoid IRS Penalties: A Guide to Filing Quarterly Tax Forms Read More »
Reading Time: 7 minutes As a tax professional, I am well aware of the various tax credits and deductions available to individuals and families. One such credit that has been of great assistance to many low- and moderate-income families is the Earned Income Tax Credit (EITC). In this article, I will provide a comprehensive overview of the EITC, its
Comprehensive Review of Earned Income Tax Credit (EITC) Read More »
Reading Time: 6 minutes As a taxpayer, you have the right to receive assistance and guidance on tax-related issues. This is where the Taxpayer Advisory Service comes in. The Taxpayer Advisory Service (TAS) is a government agency that provides free and impartial assistance to taxpayers who are experiencing problems with the Internal Revenue Service (IRS). TAS is an independent
How do I contact the Taxpayer Advisory Service (TAS) for help? Read More »
Reading Time: 7 minutes As a tax professional, I often come across people who don’t know all sorts of tax forms, especially IRS form 8995. This is pretty important to keep your money safe and avoid penalties. In this article, I will explain that this is an IRS form 8995, what lines you need to fill out, and the
Reading Time: 6 minutes Uber drivers often ask which tax forms they should use when filing their tax returns. It can be confusing, but it’s important to understand the various forms to make sure you file your taxes correctly and don’t conflict with the Internal Revenue Service (IRS). So what tax forms do Uber drivers use and why? Let’s
Reading Time: 6 minutes Living abroad can complicate your tax situation as you may be subject to both US and foreign tax laws. In this article, I’ll talk about the tax forms that U.S. citizens living abroad must file and explain why they’re important. First of all, it is important to understand that as a US citizen, you are
What tax forms are used for US citizens living abroad? Read More »
Reading Time: 7 minutes Many people have problems with tax forms. Because they are often overwhelmed by the sheer number of options available to them. In the following, I will provide detailed guidance on the tax forms that individuals can use and explain why they may choose one form over another. 1. Form 1040 Form 1040 is the most
