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
Married Filing Separately: What It Means and When It Makes Sense
When you’re married and preparing to file your taxes, you generally have two filing status options: married filing jointly or married filing separately. While most couples choose to file jointly to ta…
CPA Tax: What It Is and How It Can Help You
When tax season rolls around, many people find themselves overwhelmed by the complexity of the U.S. tax code. Whether you’re an individual taxpayer with a straightforward return or a business owner de…
Understanding Tax Rebates: What They Are and How They Work
Tax rebates are a form of financial relief provided by the government, offering taxpayers the opportunity to receive a refund or reduction on the amount of taxes they owe. Many people associate rebate…
Filing Business Taxes for LLC for the First Time: A Complete Guide
Filing business taxes for an LLC for the first time can feel overwhelming, especially if you’re unfamiliar with the various tax classifications, filing deadlines, and reporting requirements. While LLC…
Can Long Term Losses Offset Short Term Gains?
When it comes to investing, taxes play a significant role in determining how much of your profits you actually keep. If you buy and sell stocks, mutual funds, or other investments, you will eventually…
Tax Benefits of Marriage: How Tying the Knot Can Lower Your Tax Bill
Marriage is often viewed as a romantic and personal milestone, but it also comes with financial implications—especially when it comes to taxes. For American couples, saying "I do" can unlock several t…
W2 Form Control Number: Who Is In Control?
The W2 Form control number is an internal control measure by your employer. It doesn’t mean they’re useless; there are some specific scenarios where you might use them, especially if you use tax softw…
Depreciation Recapture: What It Is and How It Affects Your Taxes
When you own property or assets used for business or income-generating purposes, you can claim depreciation on your taxes. Depreciation allows you to deduct a portion of the asset's value over time, r…
Tax for Self-Employed Individuals: A Comprehensive Guide for 2025
If you work for yourself, whether as a freelancer, independent contractor, or small business owner, you’re responsible for handling your own taxes. Unlike traditional employees, whose employers withho…
The Wash Sale Rule in 2025
If you’ve been investing in stocks or other securities, you may have heard of the wash sale rule. This is an IRS regulation designed to prevent investors from claiming a tax deduction for a loss on a…
Cómo calcular los taxes en USA: Guía completa para latinos en 2025
Calcular correctamente los taxes en Estados Unidos es una parte esencial de la vida financiera, especialmente para los latinos que residen en el país. Ya sea que trabajes por cuenta propia, como emple…
Why Is My Federal Withholding So High?
If you’ve recently taken a look at your paycheck and wondered, "Why is my federal withholding so high?"—you’re not alone. Withholding can sometimes seem unexpectedly large, leaving you with less take…