Every year after tax season, many taxpayers receive letters from the Internal Revenue Service. While receiving a notice from the IRS can be unsettling, it […]
Adjusting Your Estimated Taxes: A Self-Employed Person’s Guide
Self-employed individuals, freelancers, small business owners, and independent contractors all share a unique tax responsibility that traditional employees do not. Unlike W-2 employees who have […]
Understanding the Child Tax Credit and Additional Child Tax Credit
Tax credits aimed at families with children can significantly affect the amount of taxes owed or the size of a refund. Two of the most […]
IRS Announces Tax Deadline Extensions for Disaster-Affected States
The Internal Revenue Service has extended tax deadlines for individuals and businesses in areas affected by recent federally declared disasters. This extension offers automatic tax […]
Understanding the Alternative Minimum Tax: 6 Key Facts
The alternative minimum tax is a parallel tax system originally introduced in 1969. It is intended to prevent wealthy taxpayers from using excessive deductions and […]
Filing Taxes with Multiple Freelance or Gig Jobs: Using Schedule C
Schedule C is the tax form used by self-employed individuals to report income and expenses related to their business activities. Whether you’re a freelancer, gig […]
Understanding Important IRS Notices
Each year, the Internal Revenue Service sends millions of notices to taxpayers for a variety of reasons. These communications can include reminders, clarifications, or critical […]
Understanding Form 990: Essential Tax Filing for Nonprofits
Nonprofit organizations play a vital role in addressing societal needs, supporting communities, and advocating for various causes. These organizations operate with the trust of the […]
Understanding IRS Form 1040: Your Complete Filing Guide
Understanding IRS Form 1040 is essential for any U.S. taxpayer. This form is the foundation of the individual income tax filing process. It is used […]
2025 Iowa Tax Refund Status: What You Need to Know
Tax season brings with it the anticipation of receiving a state tax refund, and Iowa residents are no exception. When filing your state income tax […]
Step-by-Step Guide to Accessing Your IRS Account
Most taxpayers assume that their tax obligations are fully resolved as long as they don’t receive a letter from the IRS. In reality, the absence […]
Understanding Form 1099-DIV and How to Report Your Dividends
Form 1099-DIV is an informational tax document used to report dividend and distribution payments to taxpayers and the Internal Revenue Service. If you received this […]
Important Tax Deadlines Every Small Business Owner Should Know
For small business owners, managing taxes is a critical component of maintaining financial health and legal compliance. Missing deadlines can result in penalties, interest charges, […]
Everything You Should Know About 2024 Tax Revisions
Each tax year introduces a new set of updates and adjustments designed to reflect economic realities, policy shifts, and inflation impacts. For 2024, a wide […]
Understanding Your Status as a Household Employee
If you work as a caregiver in someone’s home, such as a babysitter, nanny, pet sitter, or nurse, you may wonder whether you’re considered an […]