Tax Preparation
Will the IRS Catch a Missing 1099?: How the IRS Tracks Income
If you've missed reporting a 1099 form, you might be wondering if the IRS will eventually catch it. The short answer is yes, they have…
Form 944: The Annual Payroll Tax Return for Small Employers
If you're a small business owner or a new employer in the U.S., the IRS has a form specifically designed to help you simplify your…
Earned Income Tax Credit (EITC): How To Qualify & File
Overview of the Earned Income Tax Credit (EITC) The Earned Income Tax Credit (EITC), also known as the Earned Income Credit (EIC), was established in…
How IRS Exchange Rates Work When Converting Foreign Currencies to US Tax Dollars
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/IRS_Exchange_Rates_Explained_for_Expats.mp4"][/video] Taxpayers who earn income in a foreign country or financial assets in foreign currencies must report their earnings and assets in…
Tax Preparation Checklist
What You Need to File Your Taxes in 2022 Preparing your tax return requires a lot of information, so it’s a great idea to have…
How to File a Tax Return: Get Started Here
Time for a tax return to basics. Form 1040: How to File a Tax Return You have several options for filing your federal…
Refundable Tax Credits vs. Non-Refundable Tax Credits
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/refund_vs_no_refundable.mp4"][/video] Sometimes credits can be too much, and we mean that in every sense of the word. Thankfully, tax credits offer…
Should You Itemize Your Deductions?
Tax Tips for Claiming Itemizing Deductions vs. the Standard Deduction When you are filing your 1040 tax return, right before you compute your final taxable income, you…
