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The IRS Just Became 1 Billion Dollars Richer

In April, the IRS warned nearly 1 million taxpayers that they may be leaving more than $1 billion on the table because they never filed…

The Credit for Employer-Provided Childcare Facilities

Providing Childcare For Your Employees? You may qualify for a huge credit The Credit for Employer-Provided Childcare Facilities is tax credit that encourages employers to…

How Do I Pay Estimated Tax Payments to the IRS?

 Paying the IRS isn’t fun, but unfortunately it is something we all have to do, and especially around tax season. The good news is…

When Corporations File Taxes: Tax Form 1120 and Form 1120-S for Corporation Income Tax Returns

 Yes, corporations do file income tax returns. No, pigs still don't fly. When you, as a corporation, file taxes, you must use Form 1120…

How to Read Tax Transcripts: Find Your Refund Date on Your Tax Transcript

 There's a lot of data in your tax transcript codes. Understanding them is like reading The Matrix. You may have received a tax transcript…

What Form 1099-R Means For Your Retirement: Pensions, IRAs, Retirement or Profit-Sharing Plans

 The R stands for Retirement. The 1099 stands for "Pay your fair share, even if you're retired.' Form 1099-R is an important document that…

Opinion: The Future of Artificial Intelligence Tax Preparation Is (Not Quite) Here

What happens when computer code meets the U.S. tax code? One of the fastest ways to turn the drudgery of tax filing into a mess…

You Can Now Claim Self Employed Tax Credits for Sick Time & Family Leave

A new tax credit to claim is something you'll never get sick of. What is the Self Employed Tax Credit? Due to the COVID-19 pandemic,…