Selling stocks, bonds, cryptocurrency, real estate, or other capital assets can create a tax reporting requirement that is easy to get wrong. IRS Form 8949 is the form taxpayers use…

Understanding IRS Form 940 vs. 941 vs. 944 becomes much easier once you separate the taxes each form reports.  Form 940 is used for federal unemployment tax, or FUTA. Form…

If your business has employees, IRS Form 941 is one of the payroll forms you may need to file quarterly. The form, officially called the Employer’s Quarterly Federal Tax Return,…

Donating property to a qualified charity can potentially qualify for a charitable contribution deduction, but noncash donations require more documentation than simply writing down the amount you think the property…

If your business cannot finish its federal tax return by the original due date, IRS Form 7004 can provide an automatic extension of time to file certain business income tax,…

Losing a family member often leaves survivors with many financial and tax responsibilities. If the deceased taxpayer was owed a federal income tax refund, the IRS has specific rules for…

QuickBooks freezing while you save an invoice or open a report can leave you unsure whether your work went through. The window may stay on screen, but buttons stop working…

Paying for college, vocational training, or other higher education can be expensive. IRS Form 8863 helps eligible taxpayers claim two federal education tax credits: the American Opportunity Tax Credit (AOTC)…