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Form 8919 Helps You Patch Up Social Security and Medicare Payments
What is Form 8919? Form 8919 is a form issued by the Internal Revenue Service (IRS) to help individuals who were treated as independent contractors…
Making Common Sense of Form 8858
Form 8858 is a form used by taxpayers that own foreign entities and are required to report income from these entities on their U.S. tax…
Reporting your Child’s Capital Gains and Dividends on Your Taxes: Form 8814
Are you the parent of a full-time student and unsure of your tax filing requirements? Form 8814, Parent's Election to Report Child's Interest and Dividends,…
How Long Can You Claim a Child as a Dependent?
Claiming your child as a dependent can provide significant financial benefits, including tax credits and deductions. However, as your children grow older and start to…
Is Alimony Tax Deductible?
The financial struggles of a divorce can be overwhelming, but there may be some relief in the form of tax deductions. Alimony payments are often…
Form 8805: When Your Business is Earning with Earning Foreign Partners
If you’ve ever had income from a partnership with foreign partners involved, there’s a good chance you’ve either come across Form 8805 or you will…
Form 8275: Adjusting or Correcting Your Return
When you want to tell the IRS so much more than what's on their usual forms, there's Form 8275. Filing taxes can be a daunting…
Form 7203 Instructions: Reporting Distributions or Payments Received from a Corporation
Are you a business owner wondering what the requirements for filing Form 7203 are? Filing taxes can be an arduous and confusing process, but understanding…