Jacob Dayan is a tax professional at IRS.com with expertise in U.S. federal and state tax law. Their articles are written to help taxpayers understand complex tax topics in plain English.
174 articles published
It’s time to take a walk down memory lane; unfortunately, we’re going back to a time you probably hated: The lockdowns. If you're self-employed and were affected by COVID-19 back when the pandemic hit
Tax season is no one’s favorite time of year, but if you’re due for a refund, there’s at least something to look forward to. And that’s where Form 8888 might come into play.
Taxes can be a bit tricky, especially when there are rules that catch families off guard. One of those rules involves Form 8615, or the "Kiddie Tax" form. If you're a parent or guardian of a child or
When disaster strikes (whether from a storm, fire, theft, or another unexpected event) the emotional and financial toll can be huge. If you've experienced a significant loss and you're trying to recov
When it comes to tax time, there are plenty of forms out there that seem to only apply to certain people in very specific situations. Form 2106, officially titled Employee Business Expenses, is one of
If you're a small business owner or a new employer in the U.S., the IRS has a form specifically designed to help you simplify your tax reporting: Form 944. You might not have heard much about it, espe
When someone you love passes away, taxes are probably the last thing on your mind. But if they were due a tax refund when they died, someone has to claim that money from the IRS, and that’s where Form
Form 8300 is used to report large cash payments—specifically, any cash transaction over $10,000 received in a trade or business. If you run a business and someone hands you a big pile of cash (or even
Form 8936 is your ticket to claiming the Clean Vehicle Credit, which helps you get some money back when you buy a qualifying electric or plug-in hybrid vehicle. It’s the form you’ll fill out to tell t
If you’ve ever been denied a tax credit like the Earned Income Credit (EIC) or the Child Tax Credit (CTC), you may have been told that you need to file Form 8862 before you can claim that credit again
If you're running a business, even a small one, chances are you’ve spent money on things like equipment, vehicles, or computers to help you do your work. When you make those kinds of purchases, you do
If you're a small business owner, freelancer, or self-employed individual, there's a good chance you’ve heard about the Qualified Business Income Deduction (also called QBI); and, if you’ve heard of Q