Tools & Forms
How to Expats Should Use Form 2555 to Exclude Foreign Income on Tax Returns
The official way expats say, "Hey, Uncle Sam, gimme a break." Managing your expat taxes can be tricky, but Form 2555 is one of your…
Form 3520-A: Your Foreign Trust’s Reporting Requirements with the Internal Revenue Service
If your foreign trust sends money to a U.S. citizen. here's how you let the IRS know. Form 3520-A is an important tax form that…
Form 4361 Allows Ministers to Opt out of Social Security and Medicare
Huh, I never thought about how social security gets in the way of a vow of poverty. As a minister, religious office holder, or a…
Reporting Additional Taxes on Qualified Plans With US Tax Form 5329
Break the rules on your 401k? This form is how you tell the IRS "I'll pay the penalty but I'm not trying to break the…
U.S. Tax Form 56 and Fiduciary Relationship Concerns: Does This Matter Concern You?
A tax form with just two numbers? Not a cause for concern. U.S. Tax Form 56, also known as Notice Concerning Fiduciary Relationship, is a…
State Withholding on W2: U.S. Wage and Tax Statement
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2023/08/Understanding_W-2_State_Withholding.mp4"][/video] The W-2 Form (AKA Wage and Tax Statement) is how you, as an employee, report your income for the previous tax…
Completing IRS Form 433D for Your Direct Debit Installment Agreement
A form for direct debit. Does the IRS have a form for taking Apple Pay? If you are a self-employed individual or a business owner…
What Is Form 2210? The Underpayment Penalty And Who Must File It
They're not called "Guessimated" Tax Payments for a reason. Check your tax math! If you find yourself owing taxes when you file your tax returns,…
