The SECURE Act, passed in late 2019, changed the rules for saving and withdrawing money from retirement accounts. Also, it was the first major legislative change to tax laws in more...
Posted by Pat Raskob on 12/08/2022
Each year, taxpayers must file Form 1098, Mortgage Interest Statement, with the Internal Revenue Service (IRS) for their mortgages and provide this statement to you. This statement...
Posted by Taxes Made EZ Inc on 10/16/2022
Form 1099-C and Cancelation of Debt is a system created by the Internal Revenue Service (IRS) to clarify all transactions made to taxpayers by loan service providers and creditors....
Posted by Pat Raskob on 10/16/2022
E-filing has become perhaps the most popular way to file tax returns due to the convenience and faster response times it provides taxpayers. Also, it can help reduce the number of...
Posted by Taxes Made EZ Inc on 05/22/2022
The IRS requires 1099 forms to obtain information on various nonemployee transactions, including payments to freelancers and legal services. Sounds simple, doesn't it? Keep track...
Posted by Pat Raskob on 03/24/2022
The TCJA(Tax Cuts and Jobs Act) may have brought major changes to how income is taxed, but the choice of application remains the same. Taxpayers can still mail or e-file their tax...
Posted by Taxes Made EZ Inc on 02/28/2022
All businesses that have employees must submit an annual W-2 report containing information on total employee compensation and withholding tax for the year. If you have W-2 forms for...
Posted by Taxes Made EZ Inc on 01/21/2022
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
There are some processes involved in filing an amended tax return with Uncle Sam. One needs to fill form 1040X and submit it to the IRS. Understanding the tax code is a pretty complicated...
Posted by Taxes Made EZ Inc on 01/07/2021
