Calculating the home office deduction using the standard method involves completing IRS Form 8829 to calculate the amount of ...

The FSA contributions limit for 2025 is $3,300, that’s up from $3,200 the previous year. If your spouse has a plan through ...

Non-US financial accounts are reported on FBAR. Penalties can be severe but it is often more difficult for IRS to enforce ...

On November 7, 2024, the IRS introduced Form 15620, a new standardized form for taxpayers opting to make a Section 83(b) ...

Mining and energy, remote jobs, agriculture, start a business, doing business with government, liquor licensing, gambling, investment in the Territory. Territorians living in apartments and units ...

Freelancers and independent contractors have to fill out Form W-9 for their employers and clients. Here's what to do and how ...

Download and save the PDF to your computer Open the downloaded PDF in Acrobat Reader 10 or later A T4A slip identifies amounts paid during the calendar year for certain types of income from many ...

It is a decentralized form that allows cryptocurrency to exist outside the central government’s or authorities’ control. The Cryptocurrency and Regulation of Official Digital Currency Bill ...

According to the Internal Revenue Service (IRS) “The gift tax is a tax on the transfer of property by one individual to another while receiving nothing, or less than full value, in return. The tax ...

It offers a clear delineation of the differences between the various forms that are available to taxpayers. There are an abundance of helpful tools and information at the IRS.gov site and it's ...

When you receive a Notice 5071C, it means that the IRS has received a federal income tax return filed using your Social ...

The confusion most people experience when it comes to tax brackets is believing that all their income is taxed on the highest applicable tax bracket, which could not be further from the truth. This ...