Direct Tax

Form 8949: When and How to Use It

Form 8949, “Sales and Other Dispositions of Capital Assets,” is a critical document used by individuals, trusts, and estates to…

3 weeks ago

Form 8949 – Sales and Dispositions of Capital Assets: A Complete Guide

Form 8949, "Sales and Other Dispositions of Capital Assets," is a crucial tax form for individuals who have sold or…

3 weeks ago

Form 8938 vs. FBAR: What’s the Difference?

U.S. taxpayers with financial assets overseas are subject to specific IRS and Treasury Department reporting requirements. Two of the most…

3 weeks ago

Form 8938 – Statement of Specified Foreign Financial Assets (FATCA): A Comprehensive Guide

In an increasingly globalized world, many U.S. taxpayers maintain financial interests in foreign countries. Whether it's a foreign bank account,…

3 weeks ago

Form 8919 – Uncollected Social Security and Medicare Tax on Wages: A Complete Guide

Taxpayers who find themselves misclassified by an employer as an independent contractor rather than an employee may face unexpected tax…

3 weeks ago

Form 8917 – Tuition and Fees Deduction: A Complete Guide

The rising cost of higher education in the United States can be overwhelming for many families and individuals. Fortunately, the…

3 weeks ago

Form 8889 – HSA Contributions and Deductions: A Comprehensive Guide

Health Savings Accounts (HSAs) offer a triple tax advantage—contributions are tax-deductible, growth is tax-free, and withdrawals for qualified medical expenses…

3 weeks ago

Form 8888 – Direct Deposit of Refund into Multiple Accounts

When filing your federal income tax return, the IRS provides the option to receive your tax refund through direct deposit,…

3 weeks ago

Form 8880 – Saver’s Credit for Retirement Savings Contributions

The U.S. government offers a variety of tax incentives to encourage retirement savings, one of the most important being the…

3 weeks ago

Form 3520 and 3520-A – Reporting Foreign Trusts and Gifts from Foreign Persons

With the increasing globalization of wealth and investments, U.S. taxpayers often engage in financial relationships with foreign entities, including trusts…

1 month ago

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