Many people hear about IRS Form 8606 when they make a nondeductible IRA contribution or complete a backdoor Roth IRA conversion. The form can seem confusing because it deals with…

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Choosing the right tax classification for your business can affect how you report income, pay taxes, and plan for future growth. Many LLC owners assume their state filing automatically decides…

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Starting a nonprofit does not automatically make your organization tax-exempt. To receive official recognition from the IRS as a 501(c)(3) organization, most charitable organizations must submit IRS Form 1023 —…

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If you work as an independent contractor, freelancer, vendor, or business owner, you may be asked to complete an IRS Form W-9 before receiving payment.  A W-9 form is a…

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Moving to a new home can create many tax-related tasks, and updating your address with the IRS is one of the most important ones.  Many taxpayers assume that changing their…

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Finding a mistake after filing your tax return can be stressful. Many taxpayers worry that one wrong number or missing form will create bigger problems with the IRS.  The good…

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Missing a nonprofit tax filing deadline can create unnecessary stress and financial penalties. Many organizations need more time to prepare their annual returns because gathering financial records, reviewing program activity,…

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Many taxpayers still search for IRS Form 8965 because it was once an important part of Affordable Care Act (ACA) tax filing. The confusion comes from the fact that the…

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