Taxes
Need to learn about U.S. taxes? We’ve got everything you need – all in one location.
Latest Articles
How to File Form 1040-NR for a Nonresident Owner of a Disregarded LLC
This example covers how to prepare Form 1040-NR for a nonresident owner of a US LLC that has effectively connected income with a US trade or business.
How to File Form 5472 for a Foreign-Owned Disregarded LLC
This example covers a tutorial on how to prepare IRS Form 5472 for a Foreign Owned Disregarded LLC that is engaged in a U.S. trade or business and has effectively connected income (ECI).
How to File New York Form IT-203 for a Part-Year Resident
NY IT-203 is filed by nonresidents and part-year residents of New York. This example covers how to prepare for a part-year tax resident that moves to Florida.
How to File Pennsylvania Form PA-40 for a Nonresident Taxpayer
This articles covers how to prepare a Pennsylvania PA-40 for a Nonresident taxpayer for the 2022 tax year.
Federal Bonus Depreciation and New York State Income Tax Adjustments
Many states do not follow the federal bonus depreciation rules. These differences require adjustments that taxpayers must account for on their tax returns.
How to File California Form CA540 for a Full-Time Resident
How to prepare California Form CA540 for a full year resident for the 2022 tax year.
How to File Illinois Form IL-1040 for a Nonresident
How to prepare Illinois Form IL-1040 for the 2022 tax year.
How to File California Form 540NR for a Part-Year Tax Resident
This tutorial covers how an individual prepares California Form 540NR for a part-year tax resident for the 2022 tax year.
How to File IRS Form 1120 for 2023 – Rental Real Estate Investment Entity
A tutorial on how to prepare IRS Form 1120 (Corporate Income Tax Return) for a rental real estate holding company with non-U.S. ownership.
How to File IRS Form 1120-S for 2023 – Landscaping Company Example
Form 1120-S is an annual tax return filed by S corporations. This examples covers a Form 1120-S filing for a landscaping company operating in Florida.
How to File IRS Form 5472 for an Investment Entity
The Form 5472 is filed with a proforma Form 1120 when a single-member disregarded LLC has a non-U.S. owner. This tutorial covers an example where the non-U.S. owner uses the LLC as an investment entity.
How to File Pennsylvania Form PA-40 Income Tax Return for a Resident
PA-40 is filed by residents, nonresidents, and part-year residents of Pennsylvania. This example covers a scenario where a full year resident of PA needs to file their income tax return.
How to File New York IT-201 Income Tax Return for a Resident
The New York Form IT-201 state income tax return is filed by New York residents. This example covers a full year resident of New York.
How to File Illinois Form IL-1040 Tax Return for a Resident
The IL-1040 is an individual state income tax return filed by residents of Illinois. This example covers a state tax return for a full year resident of Illinois.
How to File IRS Form 5227 for Net Income Charitable Remainder Unitrust (NICRUT)
The IRS Form 5227 is filed by split-interest trusts. This example covers a Form 5227 filing for a NICRUT for the 2022 tax year.