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
The Healthy Way to Fill out the 8889 Tax Form for HSAs
With great tax benefits from HSAs come great tax forms, like the 8889 tax form.
Partnership Withholding With Form 8804: The Annual Return for Business Partners
Doing business in the US means you're effectively connected to Uncle Sam.
Asset Acquisition Statements With Form 8594 Explained: Selling or Buying Businesses
The difference between selling furniture in a building and a furniture store is Form 8594.
How to Report Transactions With Foreign Trusts and Certain Foreign Gifts Using Form 3250
Trust is a two-way street, unless the IRS defines it with trust grantor rules in the US tax code.
Form 3520-A: Your Foreign Trust's Reporting Requirements with the Internal Revenue Service
If your foreign trust sends money to a U.S. citizen. here's how you let the IRS know.
State Withholding on W2: U.S. Wage and Tax Statement
The W-2 Form (AKA Wage and Tax Statement) is how you, as an employee, report your income for the previous tax year, along with all the wages your employer withheld for tax purposes.
What Is Form 2210? The Underpayment Penalty And Who Must File It
They're not called "Guessimated" Tax Payments for a reason. Check your tax math!
Your Guide to the Foreign Earned Income Exclusion: How It Works and Which U.S. Expatriates It Applies To
Landing that dream job overseas doesn't mean paying both taxes - but it doesn't mean you can skip.
The 1040 Is Already Easy: Why There Is No 1040 EZ for 2023
EZ come, EZ go.
How to File an Amended Tax Return Online Easily
It’s really called the “Where’s My Amended Return Tool”? Well, the IRS isn’t subtle.
Retired and Filing Taxes: Does My Social Security Count as Income on My Taxes?
You think you're asking a yes-or-no question. Then the IRS answers with a percentage.
Do You Really Have to File Taxes Every Year?
Not to oversell it, but doing your taxes can really pay off.