Articles

What happens if you file taxes late

Ah, tax season. The most wonderful time of the year, right? Well, maybe not. With the 2023 tax return deadline quickly approaching, it's important to be aware of the potential penalties you may face if you don't file your taxes on time. But fear not! You can avoid the late filing penalty by simply filing something - whether it...

Form 1099-INT: What it is, how it works & how to file it

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. ...

Form 1099-K: Every detail a U.S. expat needs to know

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. ...

Form 1099-MISC: A comprehensive guide

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. ...

Form 8919, Uncollected Social Security and Medicare Tax on Wages

Being a CPA since living memory, I've seen the accounting landscape undergo countless transformations. One thing that has remained constant, however, is the murky distinction between employee and independent contractor status, and the subsequent tax implications that come with it. Thankfully, the IRS has provided some clar...

Decoding Form 1095-B: A Closer Look At Health Coverage Reporting

Waiting to receive Form 1095-B to file your tax return? You don’t have to. You can get the information to fill in your tax return from other documents issued by your health coverage provider. This health insurance tax form ensures that you and your family members have access to health care. It was once mandatory to have ...