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395 plain-English guides to U.S. federal taxes, newest first.
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Form 8805: When Your Business is Earning with Earning Foreign Partners
If you’ve ever had income from a partnership with foreign partners involved, there’s a good chance you’ve either come across Form 8805 or you will eventually. While it might sound like something that…
Form 8275: Adjusting or Correcting Your Return
When you want to tell the IRS so much more than what's on their usual forms, there's Form 8275.
Form 7203 Instructions: Reporting Distributions or Payments Received from a Corporation
Are you a business owner wondering what the requirements for filing Form 7203 are? Filing taxes can be an arduous and confusing process, but understanding the basics of Form 7203 may help you navigate…
Form 3115: Application for Change in Accounting Method
Have you ever heard of a Form 3115? This document, which is also known as an Application for Change in Accounting Method, is required by the IRS if you want to change the way you calculate your busine…
IRS Pub 596: What You Need To Know About
Are you looking for an easy way to file your taxes? If so, IRS Pub 596 is the publication for you! This comprehensive guide outlines the eligibility and filing requirements for claiming the earned inc…
Do S Corps Get a 1099?
The 1099-Misc form is one of the most commonly used tax documents for businesses, but do S Corps actually need to receive it? This question can be difficult to answer without a better understanding of…
Can I Claim my Adult Child as a Dependent?
Parents who have adult children who still depend on them financially may wonder if they can claim them as dependents on their tax returns. In this article, we will explore what it means to claim an ad…
Everything You Should Know About Getting, Using, and Renewing Your ITIN
An Individual Taxpayer Identification Number (ITIN) is a nine-digit tax processing number that starts with a "9," used by individuals to file a federal tax return if they do not have (and are ineligib…
Is Student Loan Forgiveness Taxable? - Why your IRS federal tax returns hold the answer
As of August 24, 2022, the Biden Administration announced a three-part plan to cancel certain amounts of federal student loan debt. The Student Loan Forgiveness Program aims to address the inflated co…
Jasmine DiLucci
Jasmine is a tax lawyer, certified public accountant, and enrolled agent. She graduated summa cum laude from SMU Dedman School of Law and cum laude from Claremont McKenna College with a Bachelor Degre…
IRS2Go App FAQs
In today's world of electronic streamlining and technological advances, there is an app for everything and the IRS is no exception. The IRS2Go App allows for a less challenging tax season experience.
The Expanded Child Tax Credit
Thanks to recent temporary changes to the federal Child Tax Credit (CTC), many more families with children are eligible to claim the child credit and even receive advance monthly payments from the IRS…
How to stop child support from taking tax refund
Falling behind on any payment is never a good thing. But falling behind on child support payments can have ramifications on your finances -- it can even impact your tax refund. This article discusses…
IRS Topic 152
You logged into the "Where's My Refund" tool to check your refund status, and now you see a message with the words "Refer to IRS Topic 152." You may be wondering what that means, or worried that you d…
2022 Federal Income Tax Brackets, Rates, & Standard Deductions
The United States has what is called a progressive income tax system, meaning the greater your income, the more you pay. Different tax brackets, or ranges of income, are taxed at different rates. Thes…
Markos Banos
Markos M. Baños Cabán, Esq., serves as Director of Resolutions at Community Tax LLC after years of serving his clients as a tax practitioner and an attorney. He has turned his passion for service into…
Markos Banos
Markos M. Baños Cabán, Esq., serves as Director of Resolutions at Community Tax LLC after years of serving his clients as a tax practitioner and an attorney. He has turned his passion for service into…
How to File a Tax Return: Get Started Here
You have several options for filing your federal income tax return. The first step is to gather all necessary documents, including your W-2 forms, 1099 forms, and any other income or deduction records…
How to File a Tax Return: Get Started Here
You have several options for filing your federal income tax return. The first step is to gather all necessary documents, including your W-2 forms, 1099 forms, and any other income or deduction records…
Key Tax Numbers & IRS Due Dates for 2025
Your tax deadline is April 15, 2024. Uncle Sam has a deadline, too. When do will you get your federal tax refund?
Key Tax Numbers & IRS Due Dates for 2025
Your tax deadline is April 15, 2024. Uncle Sam has a deadline, too. When do will you get your federal tax refund?
Taxable vs. Non-Taxable Income
Generally speaking, the IRS considers almost every type of income under the sun to be taxable income. No surprises there, right? However, there are a few but significant exceptions, which are non-taxa…
Tax Deductions for Student Loan Interest
By making a federal student loan payment, you’re eligible to deduct a portion of the interest paid in your federal tax return for this year. This is known as a student loan interest deduction, and it…
How to Find Your Marginal Tax Rate in 2025
The marginal tax rate is what you pay on your highest dollar of taxable income. You’ve probably heard (and used) the term many times in the past, but what does it mean?