Markos Banos
Tax Writer
Markos Banos 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
Form Schedule-B: Interest and Ordinary Dividends — A Complete Guide
Form Schedule-B is the IRS form used to report interest and ordinary dividends. This plain-English guide explains who receives it, what the thresholds are, and how to handle it on your tax return.
Form 1099-G: Certain Government Payments — A Complete Guide
Form 1099-G is the IRS form used to report certain government payments. This plain-English guide explains who receives it, what the thresholds are, and how to handle it on your tax return.
Form 1099-DIV: Dividends and Distributions — A Complete Guide
Form 1099-DIV is the IRS form used to report dividends and distributions. This plain-English guide explains who receives it, what the thresholds are, and how to handle it on your tax return.
Form 1099-INT: Interest Income — A Complete Guide
Form 1099-INT is the IRS form used to report interest income. This plain-English guide explains who receives it, what the thresholds are, and how to handle it on your tax return.
Form SS-4: Application for Employer Identification Number — A Complete Guide
Form SS-4 is the IRS form used to report application for employer identification number. This plain-English guide explains who receives it, what the thresholds are, and how to handle it on your tax return.
Updated Tax Extension Deadline for US Citizens Abroad
The IRS recently reported the guidelines and instructions on when and how to file if you were living or working abroad. Here is an outline of what you need to know.
When Corporations File Taxes: Tax Form 1120 and Form 1120-S for Corporation Income Tax Returns
Yes, corporations do file income tax returns. No, pigs still don't fly.
When Corporations File Taxes: Tax Form 1120 and Form 1120-S for Corporation Income Tax Returns
Yes, corporations do file income tax returns. No, pigs still don't fly.
How IRS Exchange Rates Work When Converting Foreign Currencies to US Tax Dollars
Taxpayers who earn income in a foreign country or financial assets in foreign currencies must report their earnings and assets in US dollars on their tax returns. The IRS exchange rates are used to de…
IRS Publication 502: Yes, You Can Deduct Your Medical and Dental Expenses on Your Tax Return
If you've never heard of the medical expense deduction, you might be in for a treat.
Form 982: The Lifeline IRS Form
Did you get any debts canceled or forgiven this year? You may need IRS tax form 982.
How Does Form 8992 Work? Round-the-world Tour of Global Intangible Low-Taxed Income (GILTI)
It's not that kind of guilty, your honor.