Nick Charveron 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.
64 articles published
Form Schedule-E is the IRS form used to report supplemental income and loss. This plain-English guide explains who receives it, what the thresholds are, and how to handle it on your tax return.
Form 1099-C is the IRS form used to report cancellation of debt. This plain-English guide explains who receives it, what the thresholds are, and how to handle it on your tax return.
Form 1099-B is the IRS form used to report proceeds from broker transactions. This plain-English guide explains who receives it, what the thresholds are, and how to handle it on your tax return.
Form 1099-NEC is the IRS form used to report nonemployee compensation. This plain-English guide explains who receives it, what the thresholds are, and how to handle it on your tax return.
“What’s in a name? Form 8959 by any other name might still mean you pay more taxes.”
Is social security taxed after age 70? In life there are many myths that people keep believing despite them having no basis in reality, like chewing gum supposedly doesn’t digest, or how it’s safe to
Is it worth claiming medical expenses on your taxes? Well, for most Americans, medical expenses take up a big chunk of their yearly budget. Still, many people don’t have a clear idea of which specific
For taxpayers who are low- to moderate income workers, the earned income tax credit (EITC) can be a highly valuable tax break that is very much worth knowing. It’s not too hard to qualify for it, eith
How are bonuses taxed? It's a valid question since, after a year’s worth of hard work helping your company meet its goals, getting a bonus feels like a well-deserved reward for any red-blooded America
With different brackets, deductions, and credits to consider, it’s easy to feel overwhelmed. But don't worry, you'll find everything you need to know inside this handy guide.
A big part of the work that the IRS does is cross-checking information. As you can imagine, that means they’ll often run into returns and other documentation that’s short on the required information,
The Internal Revenue Service has just announced on X (formerly Twitter) that it has officially closed down the pilot IRS Direct File program, with over 300,000 taxpayers in 12 states signing up for Di