Tax Forms
IRS Forms
IRS tax forms are used by individuals and organizations to report income and pay taxes to the federal government. The IRS (Internal Revenue Service) is…
Do I need my babysitter’s Social Security number?
Mary Poppins might play hard ball if you ask for her social. Here's a spoonful of tax advice to help you get her on the…
How much tax should I have withheld?
Withholding tax (also known as “payroll withholding”) is essentially income tax that is withheld from your wages and sent directly to the IRS by your…
Understanding and establishing ‘Material Participation’ for tax purposes
When it comes to your income taxes, U.S. tax law makes a distinction between different types of income — including income from passive investments and…
Special rules for deducting moving expenses
There are many costs associated with moving and they can really add up fast. Fortunately, if you are moving because of a new job, or…
Is It Worth It To Itemize Your Taxes
While the U.S. tax code is rife with loopholes, few people take advantage of them. Only about a third of taxpayers itemize their deductions, according…
Considering an extension on your taxes? Your questions answered
Filing an extension isn't difficult ' but there are deadlines to meetEven though the eggnog is still warm, the truth is that April 15 will…
What if I don’t have the money to pay the IRS for back taxes?
The IRS is aware that taxpayers continue to struggle five years after the U.S. economy sunk into recession. The slow recovery means that many people…
