Andrew Coleman
Articles
Roth IRA vs. traditional IRA: Which retirement account is right for you?
Disclaimer This article is for informational purposes only and does not constitute legal advice. Always consult with a tax professional for your specific circumstances. De...
What to do if you can’t pay your taxes: consequences and potential options
While every American living abroad or stateside has to file an Individual Tax Return and pay the taxes they owe, millions don’t. In 2022, for example, 40% of all US households paid no i...
SECURE 2.0 Act changes impact Form W-2 reporting for businesses
The IRS has issued a reminder that changes under the SECURE 2.0 Act, effective from tax year 2023, may affect how businesses report certain amounts on Forms W-2. The new provisions under the act introduce several features designed to encourage employee p...
Understanding the Jock Tax: What athletes and remote workers need to know
Professional athletes, entertainers, and even some remote workers often find themselves facing a peculiar tax known as the "jock tax." This tax applies to income earned outside their home state or city, adding an extra layer of complexity to their financial planning. Let’s break down what the jock tax is, who it affect...
Estimated taxes: who must pay and due dates
Disclaimer This article is for informational purposes only and does not constitute legal or tax advice. Always consult with a tax professional for your specific circumstances. ...
IRS Form 1040 Schedule B: Understanding Interest and Ordinary Dividends
The tax landscape is filled with numerous forms, each serving a specific purpose. Among these, IRS Form 1040 Schedule B often stands out as a source of confusion for many taxpayers. This form, which deals with interest and ordinary dividends, is more than just another piece of paper - it's a crucial component of your tax return....