Jacob Dayan
CPA
Jacob Dayan is a tax professional at IRS.com with expertise in U.S. federal and state tax law. Their articles are written to help taxpayers understand complex tax topics in plain English.
Articles
Caught In the Net Investment Income Tax? When to File Form 8960
Excited about passive income? So were we, until we got to the NIITy gritty.
Form 8824: What Are Like-Kind Exchanges and How Do You Report 1031 Exchanges on Your Tax Return?
If you've ever engaged in a 1031 exchange, it's important to understand how to report this transaction on your federal income tax return. This is where IRS Form 8824 steps in to explain a complex exch…
Self Employed? Take Advantage of These Tax Savings Strategies for Business Owners
Are you self-employed? As a business owner or independent contractor, it’s essential to take advantage of tax savings strategies to maximize your deductions and minimize your tax liability. By impleme…
Form 8082: What Does an Administrative Adjustment Request Do for a Business?
Ever start a story with "What had happened was..."? This is that in corporate taxes.
The 411 on Form 2441, Claiming the Child and Dependent Care Credit
Want to write summer camp off your taxes? Get the tax ID number on that ropes course!
How to Expats Should Use Form 2555 to Exclude Foreign Income on Tax Returns
The official way expats say, "Hey, Uncle Sam, gimme a break."
Form 4361 Allows Ministers to Opt out of Social Security and Medicare
Huh, I never thought about how social security gets in the way of a vow of poverty.
What Was the Economic Impact Payment (EIP) 2 and Why Did I Get It?
Remember when the government mailed everyone money? Good times.
Completing IRS Form 433D for Your Direct Debit Installment Agreement
A form for direct debit. Does the IRS have a form for taking Apple Pay?
Qualified Dividends vs. Nonqualified Dividends: How Are They Taxed?
It's a battle! Qualified vs nonqualified dividends. If you're looking for the thrill of the day trader, expect a bit of a tax hangover.
Do You Have to Pay Taxes? Yes, You Do. And Not Just Because the Law Says So.
Sure, paying taxes doesn't feel patriotic. But it is.
Does Unemployment Count as Income?
So you got fired and now you're taxed? Believe it or not, there's good news: You have income.