What Is An ITIN? Taxes From A to Z®
What is an ITIN, and who needs one? Learn how Individual Taxpayer Identification Numbers work, who qualifies, and how to apply for or renew one.
What is an ITIN, and who needs one? Learn how Individual Taxpayer Identification Numbers work, who qualifies, and how to apply for or renew one.
Learn what a grantor trust is, how it’s taxed, and why revocable and irrevocable trusts can offer different income and estate tax benefits.
Learn how estimated tax payments work, who needs to make them, when payments are due, and how safe harbor rules can help you avoid penalties.
Learn what tax abatement means, when the IRS may remove penalties or interest, and how taxpayers may qualify for penalty relief.
Recently, Americans have seen prices rise. But when it comes to economic inflation, how does this affect the taxes you are expected to pay? How could the impact of inflation affect your tax bill? On today’s episode of the Taxgirl podcast, Kelly is joined by Tim Speiss to talk about the impact of inflation and…
The pandemic has brought many changes in the last few years, and these changes have affected the 2022 tax season. What challenges and updates should people know about this tax season? On today’s episode of the Taxgirl podcast, Kelly is joined by Amber Gray-Fenner to discuss challenges affecting taxpayers and tax professionals this filing season….
With tax season starting, many taxpayers are considering the best ways to file their returns and prepare their tax documents. But with so many methods and room for confusion, what should taxpayers know to keep the process running smoothly? What information should taxpayers know to prepare themselves for this tax season? On today’s episode of…
While many have complained about long call wait times and difficulty getting IRS help in the past, the pandemic has exacerbated these service problems for the federal agency. As a result, claims take longer to address, and for taxpayers and practitioners alike, reaching an IRS service representative seems nearly impossible. Who is to blame for…
It’s my annual Taxes from A to Z series! If you’re wondering how to figure basis for cryptocurrency or whether you can claim home office expenses during COVID, you won’t want to miss a single letter. Y is for Yield Rate. If you own stock, you may receive a dividend (not all stocks pay dividends)….
It’s my annual Taxes from A to Z series! If you’re wondering how to figure basis for cryptocurrency or whether you can claim home office expenses during COVID, you won’t want to miss a single letter. X is for X Tax. Yes, there really is an X tax. And while it sounds like something developed…