Tax filing is a duty required of all U.S. citizens, permanent residents, expatriates, and other qualified taxpayers. While this is certainly not a debt that anyone intends to pay,...
Posted by Taxes Made EZ Inc on 02/17/2021
The TCJA eliminated several itemized deductions from 2018 through to 2025. However, the investment interest deduction was not affected. This means that single taxpayers can claim their...
When it comes to taxes, the federal income tax is the one that gets the most attention. However, this is far from the only money American residents pay the government. Most states...
A tax identification number, also known as TIN, is a distinct nine-digit number directed at individuals, businesses, or others for the sole purpose of taxes and other IRS issues. The...
Posted by Taxes Made EZ Inc on 09/15/2020
There is no dodging of social security taxes for many people for their employment and self-employment taxes. However, there are exceptions to these groups of people.You cannot dodge...
Posted by Karen Munoz, EA on 11/30/2021
Many older children these days now look after and take care of their aged parents. Unknown to many; however, Uncle Sam can reward you in the form of tax credit for such care to reduce...
Posted by Elliot Kravitz, ATP on 06/24/2021
IRS Form 8949 is a tax form used primarily to report sales and trade of capital goods. Form 8949 is filed alongside Schedule D of the income tax form.What is IRS Form 8949?Form 8949...
An IRS relief procedure for certain former citizens was introduced in September 2019 to allow certain Americans to renounce their U.S. citizenship without paying taxes and fines.The...
The filing status of a taxpayer depends on individual circumstances. Are you married or single? Do you have dependents? Identifying the correct filing condition is essential, as it...