Reporting Miscellaneous Income and Payments to the IRS Form 1099-MISC is an information return used to report certain miscellaneous income/payments to the IRS. If…
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/Federal_Standard_Deduction_Explained.mp4"][/video] Unlike itemizing deductions, which lets you pick and choose which expenses get deducted from your taxable income, the standard deduction is…
Roughly one in three Americans files their own taxes online, rather than using a professional tax preparer. If you're going to file electronically, there are…
Employee's Withholding Allowance Certificate The Federal income tax is a “pay-as-you-go” tax. This means that you are expected to make tax payments throughout the…