4 Things You Can Do to Lower Your Audit Risk
The IRS only performs a small number of audits per year, but there is no foolproof way to guarantee you will never be… Read more
IRS
Basics of Filing Individual Farm Income
The information in this article is up to date through tax year 2023 (taxes filed 2024).
Farmers typically have a variety… Read more
How to Use Form 8949 – Sales and Dispositions of Capital Assets
If you’ve sold stocks within the past year, it’s important to know about Form 8949. This form is used to report the sale and… Read more
How to File Your Taxes Without a W-2
Imagine – you are ready to file your taxes when you realize you do not have all your tax forms. While there are alternative… Read more
What is a Resident Alien?
If you are a citizen of another country, but you spend a significant amount of time in the United States, you may be considered… Read more
Am I Exempt from Federal Withholding?
There are lots of reasons why some Americans might be exempt from filing federal income taxes. We’ll cover what being exempt… Read more
Tax Deductions for Medical and Dental Expenses
If you have significant medical expenses that weren’t reimbursed by your insurance plan, you may choose to itemize… Read more
What to Do If You Can’t Pay Your 2022 Tax Bill
While many Americans get a tax refund from the IRS each year, some taxpayers owe. Sometimes the bill can be… Read more
Effective Tax Rate vs. Marginal Tax Rate
It’s no secret that the tax code from the IRS can be confusing, and tax rates are one of the most frequently misunderstood… Read more
What Happens if I Get Audited?
The information in this article is up to date through tax year 2019 (taxes filed in 2020).
Why am I being audited?… Read more