Taxes
Need to learn about U.S. taxes? We’ve got everything you need – all in one location.
Latest Articles
2022 Tax Refunds – The IRS Lowered My Refund by $1,400
The IRS may have lowered your tax refund by an even $1,400. So, why did that happen? It's related to the stimulus checks.
S Corporations – Should You Form an LLC or a Corporation?
An S corporation is not a legal entity type. It is a federal tax classification for a business. Many different types of entities can elect S corporation status, so which should you choose?
The IRS Adjusted My Tax Refund – What Happened?
Did the IRS adjust your expected tax refund? There are potentially many reasons why, so what are the most common changes?
2022 Tax Season – Tax Refunds Are On The Way!
Tax refunds are making their way to the bank accounts of individuals across the country. When can you expect to receive your tax refund?
$3,600 Advanced Child Tax Credit – Will It Be Renewed?
The child tax credit (CTC) is a federal tax credit claimed by taxpayers when they file their annual federal income tax return. For the 2021 tax year, this credit was issued in the form of advanced payments during the latter half of 2021. So, will it be renewed or go back to the old system?
US Taxes for Crypto Miners
Taxpayers can make money by staking cryptocurrency and mining cryptocurrency. Crypto mining is generally treated as ordinary income and reportable for federal tax purposes.
Tax Refunds Are On the Way!!
Tax refunds are on the way to U.S. taxpayers. When can you expect to receive your refund this year?
Tax Refund Delays Continue for the 2022 Tax Season
Many taxpayers file their income tax returns as soon as the filing season opens so they can get their tax refunds as soon as possible.
Coinbase Stopped Using IRS Form 1099-K
The Coinbase cryptocurrency exchange was historically using the Form 1099-K to report gross proceeds from trading cryptocurrency. Coinbase has since discontinued using Form 1099-K and will now use the Form 1099-B.
2022 Tax Refund Delays – Where is the Refund Check?
2022 tax refund delays continue for many taxpayers across the country. So, where is your refund check and how do you check the status?
IRS Form 8862 – Disallowed Child Tax Credit
Form 8862 must be completed by a taxpayer when they previously had certain federal tax credits disallowed in a prior tax year for reasons other than math or clerical errors.
Where is My Tax Refund – 2022 Tax Season Delays
Are you still waiting for your tax refund? You are not alone. Many taxpayers filed their tax returns as early as possible hoping to get a quick refund check, yet those checks have not been issued...
2022 Tax Return Processing Delays – Where is My Tax Refund?
The 2022 tax season has been a frustrating one for many taxpayers. Tax refund delays continue and individuals are waiting longer than usual for their tax refunds.
US Taxes on Sale of Personal Use Property – New Form 1099-K Reporting Issues
When an individual sells a personal use asset, any gain recognized on the sale is taxable and reported on Form 1040. Losses are not deductible. Payment processing companies are now issuing Form1099-K to report the sale of personal use items.
Child Tax Credit for 2021 – Who is Eligible?
The child tax credit (CTC) is a federal tax credit that helps millions of families reduce their federal tax liability each year. This article and video discussion covers the basics of the CTC and who is eligible.