Form 1120-POL is the tax return of certain political organizations as the name of the form suggests. Also known as the U.S. Income Tax Return for Certain Political Organizations, the instructions to file Form 1120-POL is very demanding as filing the return is quite challenging. Nevertheless, Form 1120-POL should be treated the same way as … Read more
Form 8938 is the tax form that’s used for reporting specified financial assets if the total value of the assets is more than the appropriate threshold. Form 8938 can be seen as an information return that’s attached to Forms 1040, 1041, 1065, or 1120. Pretty much any taxpayer who has foreign financial assets that bring … Read more
Form 1098-T – Tuition Statement is the information return that needs to be furnished to students by the schools. This information return is used by the students to calculate educational credits such as the lifetime learning tax credit or the American opportunity credit. In this article, we will provide you with Form 1098-T instructions for … Read more
Renew your passport and request a name change on your new passport. For a name change on the new passport, the US Department of State – Bureau of Consular Affairs requires citizens to fill out certain forms and show proof of the name change. Here is how you renew a passport and request a name … Read more
The US Postal Services have flat rates for different sizes of packages and boxes. The USPS has fixed prices for boxes for all sizes. You can send any box of any size and get a flat rate. But, the USPS has dimension limits for your box to fall into either one of the size categories. … Read more
Form 706 is a tax form that is filed by an executor of a decedent’s estate to figure out the tax owed according to Chapter 11 of the IRC. Form 706 is also used for calculating the amount owed for generation-skipping transfer tax, known as the GSTT. This tax form is mandatory to file if … Read more
The Family and Medical Leave Act allows employees who are eligible to go on leave for family and medical purposes. The purpose of this is to protect the job of the employee to ensure that the employee won’t be terminated due to leave. All employees who are working for eligible for an employer can use … Read more
Form I-9 – Employment Eligibility Verification is the USCIS document that’s mandatory for all workers. Along with Form I-9, documents must be presented to the employer to establish authorization to work in the United States and identity. Not all documents are accepted by the Citizenship and Immigration Services though. The agency only allows employees to … Read more
Most families with children have a qualifying child for tax purposes. This doesn’t mean that everyone with a child has a qualified child for them to claim on their federal or state income tax returns. There are rules for claiming your child as a dependent and taking certain tax credits for the care you provide. … Read more
The second round of stimulus checks are being sent to taxpayers who qualify for the payments. Also known as the economic impact payments, these payments are an advanced payment of the recovery rebate credit. As someone who’s eligible to receive the credit, taxpayers can get to the IRS portal for the stimulus checks and see … Read more