Taxes Articles

Tax on Personal Loans: How Does It Work?

Personal loans are often not considered income and hence are not taxed. There are, however, some exceptions, such as whe...

How to Fill Out Form 941: A Step-by-Step Guide for Businesses

Form 941, the Employer’s Quarterly Federal Tax Return, is one form you might come across as a business owner. It i...

Instructions for filing Form 1120-S: US Income Tax Return for an S Corporation

What is Form 1120-S? The IRS has a particular set of documents used by S corporations to report on financial transaction...

Tax Lien Guide: Understanding, Resolving, and Investing

A tax lien is a legal claim against your assets or property for unpaid taxes. Having a tax lien can negatively impact yo...

When You Get Married, Do You Take on Your Spouse’s Debt?

The possibility of taking on a partner’s debt is a significant financial concern for many couples thinking about m...

Are You Eligible for Unemployment Tax Refund?

If you were unemployed during the Covid-19 pandemic, then you may be eligible for a future unemployment tax refund! The ...

10 Common Tax Mistakes to Avoid

Every tax year, the IRS is busy auditing millions of Americans. In 2020 alone, 1,600 investigations discovered $2.3 bill...

5 Tips to Prepare for the 2023 Tax Filing Season

As the 2023 tax filing season approaches, it’s important to start preparing early to ensure you have all the neces...

Tax Refunds: Factors that Affect the Amount You’ll Receive

The amount of money the IRS repays you depends on a variety of factors, including your income, your deductions, and even...