Each year, the IRS adjusts dozens of key tax provisions to account for inflation. This crucial process, known as indexing,…
As part of its annual inflation adjustment routine, the Internal Revenue Service (IRS) has introduced modest but noteworthy changes in…
For the 2025 tax year, the Internal Revenue Service (IRS) has implemented an important change to the penalty structure for…
The Internal Revenue Service (IRS) regularly updates Form 1040 to reflect new tax laws, policy changes, and compliance requirements. For…
Health Flexible Spending Accounts (FSAs) remain one of the most valuable tools for employees to save money on out-of-pocket medical…
For the 2025 tax year, the IRS has updated Form 13614-NR, the intake and interview sheet used by Volunteer Income…
Form 7004, officially titled the “Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and Other…
IRS Form 1042-S is used by withholding agents to report income subject to withholding tax paid to foreign persons, including…
Form 1040-C, also known as the “U.S. Departing Alien Income Tax Return,” is a crucial filing requirement for nonresident aliens…
As the gig economy continues to grow, more individuals are turning to self-employment through driving, delivery, freelance services, and independent…
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