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
"Refund" might be the wrong word for a tax credit, but it's usually good news either way, right?
Gains, income, gravy train - it's all the same, isn't it? Not to Uncle Sam.
What to do when something doesn't add up on your tax refund.
What the FICA? If I earn $160,201, I don't have to pay into Social Security?
The IRS gives you a mulligan?
They say partnership is hard. Then comes along Form 1065.
Did you realize this about your capital gains?
My Latin might be rusty, but is this the business equivalent of "don't sweat the small stuff"?
I must have been doing something right for years -- I've never heard of this Adjusted Refund letter.
IRS Letter 147c is an official form of verification issued by the IRS (Internal Revenue Service) that confirms the business or entity's EIN (Employer Identification Number). It's commonly sent to the
Form 8962 is an essential document for those who have received advance payments of the premium tax credit during the year or plan to claim the premium tax credit on their tax return. It helps taxpayer
The 1099-K form is a tax form used by the Internal Revenue Service (IRS) to track and report payment transactions made through third-party networks. Third-party networks include companies like PayPal,