A tax audit is one of the most feared terms for taxpayers, often evoking anxiety at the thought of government scrutiny. People imagine serious consequences, […]
Author: Erik Wilson
Understanding IRS Form 1040: Your Complete Tax Filing Guide
IRS Form 1040, officially titled the U.S. Individual Income Tax Return, is the standard form used by taxpayers to file their federal income taxes each […]
A Guide to States With No State Income Tax
State income tax is a levy imposed by individual states on the income earned by residents and, in some cases, non-residents who earn income within […]
Understanding IRS Form 1099-OID: A Complete Guide
Form 1099-OID is a tax document issued by payers of certain debt instruments to report a specific type of interest income known as Original Issue […]
Maximizing Your Tax Refund: A Guide to Mileage and Car Expense Deductions
Business owners and self-employed individuals often use personal vehicles for work-related tasks. Whether it’s visiting clients, transporting goods, or driving to temporary work sites, these […]
Tracking Your Tax Refund: A Step-by-Step Guide
After filing your federal tax return, one of the most anticipated parts of the process is receiving your refund. Millions of Americans look forward to […]
Understanding Self-Employed Tax Deferral Rules
The economic disruption caused by the COVID-19 pandemic in 2020 created an urgent need for financial relief, particularly for the self-employed. Freelancers, gig workers, independent […]
A Guide to IRS Forms 1095-A, 1095-B, and 1095-C for Health Insurance
Every tax season, many taxpayers find one or more health insurance forms in their mailboxб specifically Forms 1095-A, 1095-B, and 1095-C. These forms provide important […]
Claiming a Child with a W-2: What Parents Need to Know
Many parents find themselves navigating new tax territory once their child begins earning income. A common question arises: Should parents report their child’s W-2 on […]
2025 Indiana Tax Refund: What to Know and How to Track It
Indiana state tax refunds represent the difference between the amount of tax a resident pays throughout the year and the total amount owed. If you […]