Category: Forms
IRS Form 944: How to File When Your Business Owes Less
Jan 25, 2024
When it comes to running a business, staying on top of your tax responsibilities is crucial. If you’re a small-scale employer, chances are you might be familiar with IRS Form 944, also known…
IRS Form 1040-X: How To Correct Mistakes on Previously Filed Return
Jan 12, 2024
Tax filing can be a perplexing time for many Americans, and sometimes, despite your best efforts, mistakes happen. If you’ve filed your taxes and then realized you made a mistake, don’t fear. The…
Your Easy Guide to IRS Form 8283: Simplifying Charitable Donations for Tax Deductions
Nov 20, 2023
Supporting charities can be immensely rewarding, not just for the positive impact it has on communities and causes but also for the potential tax benefits it offers. When making charitable donations, ensure you…
Emerging Debt-Free: What You Need to Know About 1099-C Cancellation of Debt Form
Oct 20, 2023
Borrowing money through credit cards or loans can offer financial relief and opportunities. But what happens when you can’t repay that debt? In such cases, creditors might cancel the debt and issue a…
Form 1099-MISC: Urgent Reasons You Need To File
Oct 06, 2023
Form 1099-MISC, also known as Miscellaneous Information, is an IRS form used for specific types of miscellaneous income paid to individuals or entities. This form ensures that various sources of income, from rent…
Form 1099-NEC: Common Mistakes to Avoid for Error-Free Filing
Sep 27, 2023
The IRS Form 1099-NEC, or Nonemployee Compensation form, is a tax form that businesses use to report payments made to individuals who are not their employees. This includes independent contractors, freelancers, and service…
IRS SS-4 Form: How to Avoid Common Mistakes and Prevent IRS Trouble
Sep 20, 2023
Running a business involves many forms and paperwork, but there’s one thing you can’t afford to ignore – the IRS SS-4 form. While it’s a simple form, it’s essential for filing your taxes,…
How to Unlock Hidden Savings with Form 8829
Sep 06, 2023
As a small business owner or self-employed individual, you’re entitled to various deductions that can significantly reduce your tax liability. One such valuable deduction is the Home Office Deduction, which you can claim…
How to E-File Your FBAR For the First Time
Jul 26, 2023
If you are a US taxpayer, it is critical that you understand your filing and reporting obligations. One important requirement is the Foreign Bank and Financial Accounts Report (FBAR). Failing to follow FBAR…
Do I Need To File Form 8938? What This Is And How To For 2022
Jan 04, 2022
Form 8938 is part of the Foreign Account Tax Compliance Act or FATCA. It is a form that discloses accounts and assets held in other countries outside of the United States. If you…