Publications

Publication 503 is a valuable resource for taxpayers that outlines the specific parameters of qualifying child and dependent care expenses. As the IRS recognizes that balancing work and family responsibilities is challenging, it established the Child and Dependent Care Credit to alleviate some of the financial burdens associated with caregiving and encourages workers to remain … Read more

Publication 524 is an informative document released by the IRS that specifically addresses the Credit for the Elderly or Disabled. It serves as a comprehensive guide for individuals who meet the eligibility requirements to claim this credit on their federal income tax returns. The publication outlines the criteria for qualification, explains how to calculate the … Read more

Taxation is integral to any government’s financial structure, providing the necessary funds to support various public services and initiatives. Among the different types of taxes imposed by the Internal Revenue Service (IRS) in the United States, excise taxes play a significant role. IRS Publication 510 is a comprehensive guidebook created by the Internal Revenue Service … Read more

Publication 587, also known as “Business Use of Your Home,” is a document published by the Internal Revenue Service (IRS) in the United States. It provides guidance on calculating and claiming deductions for the business use of a taxpayer’s home. If you operate a business out of your home, you may be able to deduct … Read more

Publication 334 is a practical guide providing small business owners with important information about their federal tax obligations. It addresses common tax issues and provides guidance on complying with tax laws and regulations. The publication is organized into chapters, each focusing on specific aspects of small business taxation. Publication 334 covers various aspects of taxation … Read more

Publication 547 covers a range of topics, including the definition of a casualty, disaster, or theft; the types of losses that may be deducted on a tax return; the amount of the loss that may be deducted; and the procedure for claiming a casualty loss on a tax return. The publication also provides information on … Read more

Publication 550, Investment Income and Expenses, is the IRS’s guide to tax filing requirements for investment income and expenses. It explains how to report these items on your tax return, when to show them, and what deductions are available for them. It also outlines the rules surrounding property trades, abusive tax shelters, and other aspects … Read more

IRS Publication 969 is a publication that provides general information on the many tax-favored health plans available to Americans. It covers Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs), Flexible Spending Arrangements (FSAs), Archer Medical Savings Accounts (MSAs), and Medicare Advantage Savings Accounts. It also contains information on Qualified Medical Expenses (QMEs), the most cost-effective … Read more

Publication 225 is the Farmer’s Tax Guide, written by the IRS to help farmers understand how federal tax laws apply to their businesses. It covers various topics, including livestock, dairy, poultry, fish, fruit, greenhouses, sod, vegetable, field crops, and flowers. If you are a farmer, you must review this publication. It may not be the … Read more

Publicatioın 594 is the IRS booklet on how the taxes are collected by themselves. It features various useful tax information, including IRS collection tools, best practices for paying your taxes, and what to do if you are hit with an IRS audit. Publication 594 is a must-read for all taxpayers and should be on every … Read more