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
With great tax benefits from HSAs come great tax forms, like the 8889 tax form.
Doing business in the US means you're effectively connected to Uncle Sam.
The difference between selling furniture in a building and a furniture store is Form 8594.
Trust is a two-way street, unless the IRS defines it with trust grantor rules in the US tax code.
If your foreign trust sends money to a U.S. citizen. here's how you let the IRS know.
The W-2 Form (AKA Wage and Tax Statement) is how you, as an employee, report your income for the previous tax year, along with all the wages your employer withheld for tax purposes.
They're not called "Guessimated" Tax Payments for a reason. Check your tax math!
Landing that dream job overseas doesn't mean paying both taxes - but it doesn't mean you can skip.
EZ come, EZ go.
It’s really called the “Where’s My Amended Return Tool”? Well, the IRS isn’t subtle.
You think you're asking a yes-or-no question. Then the IRS answers with a percentage.
Not to oversell it, but doing your taxes can really pay off.