IRS Tax Benefits of Employee Children Explained
Employee children can provide tax benefits to their parents, who are often their children's primary caregivers and financial providers. These tax benefits can include deductions, credits, and…
IRS Form 8822 "Change of Address" Explained
IRS Form 8822, also known as the "Change of Address," is a form taxpayers use to notify the Internal Revenue Service (IRS) of a change in their mailing or legal residence address. The form is used to…
IRS Form 14134 "Application for Certificate of Subordination of Federal Tax Lien" Explained
IRS Form 14134, also known as the Application for Certificate of Subordination of Federal Tax Lien, is a legal document taxpayers use to request that the Internal Revenue Service (IRS) subordinate…
IRS Form 1099-NEC "Nonemployee Compensation" Explained
IRS Form 1099-NEC, or the "Nonemployee Compensation" form, is a tax form used to report income earned by independent contractors, self-employed individuals, and other non-employee compensation. It is…
IRS Form 1099-DIV "Dividends and Distributions" Explained
IRS Form 1099-DIV, or the "Dividends and Distributions" form, is a tax form used to report dividends and other distributions a company or organization pays to shareholders and investors. This form is…
IRS Form 14135 "Application for Certificate of Discharge of Property from Federal Tax Lien" Explained
IRS Form 14135, also known as the "Application for Certificate of Discharge of Property from Federal Tax Lien," is a legal document used to request the discharge of a federal tax lien from a specific…
IRS Form 1099-INT "Interest Income" Explained
IRS Form 1099-INT, or the "Interest Income" form, is a tax form used to report interest income earned by an individual or business during the tax year. This form is used to report income subject to…
IRS Form 1098 "Mortgage Interest Statement" Explained
IRS Form 1098, also known as the "Mortgage Interest Statement," is a tax form used to report the amount of mortgage interest a taxpayer pays during the tax year. This form is used to claim a tax…
IRS Form 1065 "U.S. Return of Partnership Income" Explained
IRS Form 1065 is a tax return form used by partnerships in the United States to report their income, gains, losses, deductions, and credits to the Internal Revenue Service (IRS). It is also known as…
IRS Form 1098-T "Tuition Statement" Explained
IRS Form 1098-T, or the Tuition Statement, is a tax form used to report tuition and other related expenses to the Internal Revenue Service (IRS) and the student or taxpayer. This form is used to…