The second stimulus payments have been approved. If you see IRS Treas 310 in your bank account, you received it already. The eligibility requirements for the stimulus is the same as the first payments. This time however, individuals will get $600 for themselves and $600 for each qualifying children under the age of 17. For … Read more
Form 8867 – Paid Preparer’s Due Diligence Checklist is the tax form paid preparers must file to determine the taxpayer’s eligibility for the credits as well as the amounts and filing status. If the paid preparer is claiming either one of the tax credits, Form 8867 must be filed. Form 8867 also must be filed … Read more
Form 1120S is an S Corporation’s tax return. This return reports the income, loss, and the dividends of an S corporation shareholders to the Internal Revenue Service. In this article, we will explain how long it takes to file Form 1120S, provide an overview of the form, and get you to the instructions. When filing … Read more
Employers who hire independent contractors and freelancers are required to report the income paid just like reporting wages paid and tax withheld from employees. Rather than using Form W-2 – Wage and Tax Statement – you must fill out a variation of Form 1099. The 1099 employee form isn’t exactly for employees. You can either … Read more
Where to mail federal income tax return – Form 1040? Taxpayers who will submit their tax returns by mail must send them to the Internal Revenue Service address according to the state of residence. Before mailing Form 1040 to the Internal Revenue Service, make sure to use US Postal Services. Do not use any other … Read more
When will the president-elect get sworn in? After the elections are complete, there is a transition between the president to the president-elect. It takes about two months for the former president to leave and the new president to take the office. This is for making the transition smoother since the administrations are different. Perhaps this … Read more
How to change the mailing address with the Internal Revenue Service? If you’re moving to somewhere else and you want to change your address with the IRS, you will need to fill out the tax form for change of address. The tax form which you’re going to use is 8822. This tax form is pretty … Read more
Form I-485 instructions for those who are going to apply for lawful permanent resident status or adjust their status. Although Form I-485 is a quite long form, you can file it by yourself but make sure to go over the instructions so that you will complete it correctly. The Application to Register Permanent Resident or … Read more
If you want to work in the US, you should apply for a US work permit by filling out the I-485 Form. You can do so online, at a local post office, or your local USCIS office. This process can take several weeks, so it is best to be prepared. Background checks If you are … Read more
Form W4P is for letting payers know about how much tax to withhold from pensions and annuity payments. You can also claim exemption from federal income tax withholding from this income. If you’re still working for an employer, you may want to opt for filling out W4 Form 2023. You can just enter an extra … Read more