Markos Banos 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.
46 articles published
Form Schedule-B is the IRS form used to report interest and ordinary dividends. This plain-English guide explains who receives it, what the thresholds are, and how to handle it on your tax return.
Form 1099-G is the IRS form used to report certain government payments. This plain-English guide explains who receives it, what the thresholds are, and how to handle it on your tax return.
Form 1099-DIV is the IRS form used to report dividends and distributions. This plain-English guide explains who receives it, what the thresholds are, and how to handle it on your tax return.
Form 1099-INT is the IRS form used to report interest income. This plain-English guide explains who receives it, what the thresholds are, and how to handle it on your tax return.
Form SS-4 is the IRS form used to report application for employer identification number. This plain-English guide explains who receives it, what the thresholds are, and how to handle it on your tax return.
The IRS recently reported the guidelines and instructions on when and how to file if you were living or working abroad. Here is an outline of what you need to know.
Yes, corporations do file income tax returns. No, pigs still don't fly.
Taxpayers who earn income in a foreign country or financial assets in foreign currencies must report their earnings and assets in US dollars on their tax returns. The IRS exchange rates are used to de
If you've never heard of the medical expense deduction, you might be in for a treat.
Did you get any debts canceled or forgiven this year? You may need IRS tax form 982.
It's not that kind of guilty, your honor.