IRS tax debt never dies. In fact, it grows! The IRS tax debt can actually increase the original tax demand…
Estate & Gift Tax Liability : 8 Things Every Non-US Citizen Should Know
Estate & gift tax law applicable to a non-US citizens who live, work, or own property in the United States…
When is Gift or Bequest Received by a USA Person Tax Free & When not ?
The rules of taxation of gifts or bequests received by a US citizen or tax resident of the USA owing…
How to Get first-time penalty abatement from IRS?
IRS has an administrative policy to waive the penalty for failure to file the tax return or pay taxes in time or deposit tax in time if certain conditions are fulfilled by the taxpayer
EFTPS: 7 FAQs Answered!
EFTPS or Electronic Federal Tax Payment System offers an easy way for federal tax payments electronically 24 hours a day…
Redeeming credit card rewards points to cash is taxable: Court
Credit card rewards are the common motivation for people to purchase goods or services and get more receive reward points.…
What does tax exempt mean under US Code 26 ?
Tax exempt under Internal Revenue Code means that certain kinds of income are not taxed at the hand of the…
20% QBI Deduction Calculator 2021
20% QBI Deduction Calculator is an easy to compute calculator for the deduction that started after the amended Internal Revenue…
Tax Transcript from IRS: Why, How and From Where
IRS provides not only online but also offline methods for various types of tax return transcripts
IRS Verification of Non Filing Letter – 5 Things Every Student Should Know
What is an IRS Verification of Non-filing Letter? An IRS Verification of Non-filing Letter is proof authenticated by the IRS…
How to Find if You Are Tax Resident of USA ?
In order to determine the tax liability of a persons who visits USA or stays in USA or works in USA…
Capital Gains Calculator For 2019 & 2020
Capital gains calculator will help you to estimate tax on long term capital gains or short term capital gains
Tax Refund Calendar Date Calculator
Tax Refund Calendar Date Calculator is a very easy tool to estimate a date by which IRS may process and…
1031 Exchange Calculator with Answers to 16 FAQs!
What’s 1031 exchange? That is the first question that hovers one’s mind. A 1031 exchange means that an investor has…
Social Security Benefits Tax Calculator
The tax calculator for the Social security benefits gives you quick idea whether your social security income is taxable
IRS Interest Calculator online
IRS interest calculator helps you compute the interest on the outstanding amount of tax as on due date. As you know the filing extension does not mean the extension of time to pay
