Nick Charveron
EA
Nick Charveron 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-E: Supplemental Income and Loss — A Complete Guide
Form Schedule-E is the IRS form used to report supplemental income and loss. This plain-English guide explains who receives it, what the thresholds are, and how to handle it on your tax return.
Form 1099-C: Cancellation of Debt — A Complete Guide
Form 1099-C is the IRS form used to report cancellation of debt. This plain-English guide explains who receives it, what the thresholds are, and how to handle it on your tax return.
Form 1099-B: Proceeds From Broker Transactions — A Complete Guide
Form 1099-B is the IRS form used to report proceeds from broker transactions. This plain-English guide explains who receives it, what the thresholds are, and how to handle it on your tax return.
Form 1099-NEC: Nonemployee Compensation — A Complete Guide
Form 1099-NEC is the IRS form used to report nonemployee compensation. This plain-English guide explains who receives it, what the thresholds are, and how to handle it on your tax return.
Additional Form 8959 for Additional Medicare Tax: Calculating Do Your Employee Wages or Self-Employment Income Meet These Thresholds?
“What’s in a name? Form 8959 by any other name might still mean you pay more taxes.”
Is Social Security Taxed After Age 70?
Is social security taxed after age 70? In life there are many myths that people keep believing despite them having no basis in reality, like chewing gum supposedly doesn’t digest, or how it’s safe to…
Is It Worth Claiming Medical Expenses On Taxes?
Is it worth claiming medical expenses on your taxes? Well, for most Americans, medical expenses take up a big chunk of their yearly budget. Still, many people don’t have a clear idea of which specific…
Understanding The EITC: Who Gets Earned Income Credit?
For taxpayers who are low- to moderate income workers, the earned income tax credit (EITC) can be a highly valuable tax break that is very much worth knowing. It’s not too hard to qualify for it, eith…
How Are Bonuses Taxed? A Quick Explanation
How are bonuses taxed? It's a valid question since, after a year’s worth of hard work helping your company meet its goals, getting a bonus feels like a well-deserved reward for any red-blooded America…
How To Know What Tax Rate To Use In Your Return
With different brackets, deductions, and credits to consider, it’s easy to feel overwhelmed. But don't worry, you'll find everything you need to know inside this handy guide.
Irs Code 971: What the Notice Means & How to Respond
A big part of the work that the IRS does is cross-checking information. As you can imagine, that means they’ll often run into returns and other documentation that’s short on the required information…
Pilot IRS Direct File Program a Success: Taxpayers Get $90 Million in Refunds
The Internal Revenue Service has just announced on X (formerly Twitter) that it has officially closed down the pilot IRS Direct File program, with over 300,000 taxpayers in 12 states signing up for Di…