If you have paid more taxes than you are supposed to have , your tax return will show refund due . But IRS will give you refund only when the tax return is processed . So, all those taxpayers have a simple and most common...
Prashant Thakur
Prashant Thakur is a tax advisor . He has written two books on tax laws of India. He regularly writes on his paid-only website http://taxworry.com. He is learning about the Internal Revenue Code of USA as many of clients and readers are of India origin and also are tax resident of USA . So . solving their tax issues require reference to IRC of USA.
2020 Tax Filing Season: 12 Changes For 2019 TAX Returns You Need To Remember
2020 tax filing season starts on Monday, January 27, 2020, when the IRS begins accepting and processing 2019 tax year returns. The deadline to file 2019 tax returns and pay any tax you owe is April 15. So, here are reminders about a dozen changes you must remember while filing taxes for 2019
1031 Exchange Rules Modified : Here is A Fresh Look on Section 1031 .
1031 exchange rule gets a heavy change vide the recently passed law-The Tax Cuts & Jobs Act. So, one of the major provision of law that was used by a taxpayer to save on capital gains tax requires fresh look and understanding. Fact is that...
2020 Mileage Reimbursement Calculator
Mileage reimbursement calculator for the tax year 2020 helps a taxpayer to compute deduction allowable as per the standard mileage rate declared by IRS under mileage reimbursement policy, whichever is greater from the gross total income. You can read announcement by IRS about the mileage reimbursement rate for the tax year 2020.
AMT Calculator for Form 6521
AMT calculator is a quick tool for you to find if you need to file Form 6521 that is needed when a taxpayer is supposed to pay alternative minimum tax
