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How Are Cryptocurrencies Taxed? When You Pay Taxes on Bitcoin, What’s Your Taxable Income?
And you thought e-filing your taxes was the hottest, new-fangled doodad the IRS tracked. When it comes to cryptocurrency taxes, the Internal Revenue Service treats…
Form 982
Did you get any debts canceled or forgiven this year? You may need IRS tax form 982. Claiming insolvency with form 982 can let…
President Biden’s SAVE plan is not entirely tax free
The new income-driven repayment plan (IDR) proposed by President Joe Biden (known as the SAVE plan) may be able to forgive some student loans…
Where’s My Refund? Lost in the Mail, If You Don’t Follow the New Mail Forwarding Policy from USPS
Everyone always asks how to contact the IRS, but can the IRS contact you? Wondering what’s taking your federal tax return and refund so long?…
Caught In the Net Investment Income Tax? When to File Form 8960
Excited about passive income? So were we, until we got to the NIITy gritty. Form 8960, also known as the Net Investment Income Tax Individuals,…
How Does Form 8992 Work? Round-the-world Tour of Global Intangible Low-Taxed Income (GILTI)
It's not that kind of guilty, your honor. Form 8992 is an essential IRS tax form that requires U.S. shareholders of controlled foreign corporations (CFCs)…
The Business End of Form 945: Nonpayroll Payments and the Annual Return of Withheld Federal Income Tax
Gambling with nonpayroll withheld taxes? Grab form 945 instead. Form 945, Annual Return of Withheld Federal Income Tax, is a tax form used by businesses…
Worried About a Low Tax Return? Real Ways to Get the Biggest Refund from the IRS
That moment when you figure out Uncle Sam owes you money instead. When tax season rolls around, many people eagerly await their tax refund check…
