Taxes
Need to learn about U.S. taxes? We’ve got everything you need – all in one location.
Latest Articles
Did you Receive an IRS CP282 Notice?
The IRS CP282 notice is mailed to a partnership when the partnership indicated it had non-U.S. partners. In general, a U.S. partnership with effectively connected income (ECI) must include additional forms and withholding taxes. This article and video discuss the CP282 tax notice.
Is a Section 83(b) Election Needed for Your Startup?
The Section 83(b) election is available to individuals that receive equity grants as part of their compensation. A critical question, however, is whether you actually need to make this election?
Can a Non-US Person be a Partner in a US LLC
The U.S. limited liability company (LLC) is one of the most coveted entity types in the world. There are generally no restrictions on who can be an owner in a U.S. LLC, however, there are special reporting requirements. This article and video cover the basic reporting requirements.
How To Change Your Address With the IRS
It's important for taxpayers to make sure the IRS has their most current address on file. Here are some ways to update your address with the IRS.
Are You Subject to US Federal Self-Employment Taxes? What Are the Rules…
The U.S. federal self-employment taxes will generally apply to self-employment income. This article outlines the rules for SE taxes.
Where to Report Form 1099-K on Your Form 1040 Tax Return?
The Form 1099-K is used to report gross payment card transactions. If you personally received a Form 1099-K, there are several reporting methods depending upon the character of the income.
How to Complete IRS Form W-10 for a Dependent Care Provider
The IRS Form W-10 is a withholding certificate for a dependent care provider. This information is used by parents to claim a dependent care tax credit on their Form 1040 tax return.
How to Complete Form 1040 Schedule C for the 2019 Tax Year
An individual taxpayer would include Schedule C with their Form 1040 to report income and expenses for a sole proprietorship business. This article and video tutorial cover a sample Schedule C for the 2019 tax year.
How to Prepare IRS Form 8829 for a Home Office Deduction
The home office tax deduction is generally available to self-employed persons and business owners that work from home in a dedicated space. This article covers a sample Form 8829 with Form 1040.
How to Complete Schedule B on Form 1040 for Interest and Dividend Income
Schedule B is used to report interest and dividend income on a taxpayer's Form 1040 income tax return. This article and video tutorial cover a sample Schedule B tax filing.
How to File IRS Form 9465 for an Installment Agreement
Taxpayer's that owe the IRS tax debts may be able to pay in installments if they cannot afford to pay the entire balance at one time. The Form 9465 can be submitted to the IRS to request an installment plan.
IRS Form 1040 Schedule A for Itemized Tax Deductions
Taxpayers can generally choose to either itemize their tax deductions or claim the standard deduction on their income tax return. Schedule A is completed for taxpayers who choose to itemize their deductions.
How to File IRS Form 8606 for Non-Deductible IRA Contributions
Taxpayers that make traditional IRA contributions can generally deduct those contributions on their tax returns. However, in cases where the contribution is nondeductible, they should complete Form 8606.
When Does a Grantor Trust Need to File IRS Form 1041
A grantor trust is generally not required to file any income tax returns because the income is reported directly on the grantor's federal income tax return. Under some circumstances, the grantor trust may require a Form 1041 filing.
How to Complete IRS Form W-9 for a Single Member LLC
The IRS Form W-9 is a withholding certificate that identities the name, taxpayer identification number (TIN), address, and tax classification for a person, entity, or trust. This article covers how to prepare Form W-9 for a single member LLC.