Most of the time, only big estates feel the bite of taxes — odds are you won’t have to pay them. But there are exceptions, and the specifics of your inheritance tax situation can dramatically change your tax bill. Why...
Read moreFirst time penalty abatement (FTA ) is an IRS procedure under which you do not need to give any "reasonable cause " for requesting the waiver of penalty. This administrative procedure gives a discretion to IRS to waive penalty for...
Read moreStandard deduction is substantially increased after passing of Tax Cuts & Jobs and is a major deduction for US taxpayers who do not want to claim itemized deduction while filing taxes.However, the standard deduction is not available for nonresident aliens....
Read moreInternal Revenue Code provides for tax payment liability as you earn. IN other words, you need to pay tax on current year income quarterly. If you fail to do that , additional tax is imposed per IRC 6654
Read moreAMT 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
Read more1. What is a 1095 a form ? The Health Insurance Marketplace is a service by the Federal government to provide an exclusive market place or exchange for buying and enrolling to various health plans. The marketplace is available at...
Read more