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
Have you ever heard of a Form 3115? This document, which is also known as an Application for Change in Accounting Method, is required by the IRS if you want to change the way you calculate your busine
Parents who have adult children who still depend on them financially may wonder if they can claim them as dependents on their tax returns. In this article, we will explore what it means to claim an ad
Markos M. Baños Cabán, Esq., serves as Director of Resolutions at Community Tax LLC after years of serving his clients as a tax practitioner and an attorney. He has turned his passion for service into
The IRS announced that it will be issuing another round of income tax refunds to nearly 4 million taxpayers who overpaid their federal taxes on unemployment benefits (both regular and federal extended
When you hear cryptocurrency, your mind may automatically jump to big names like Bitcoin and Ethereum. What you may not think of is taxes. However, like other assets, cryptocurrency (and virtual curre
Getting a full copy or a transcript of your past tax returns is possible, but why would you want one? I mean, the past is in the past, and who needs the memories, right? Especially about taxes!
How do you do that Form W2 voodoo you do so well?
Year after year, you collect a great amount of data and report it to the IRS, but what happens when you need to find one specific detail? It can be like finding a needle in a haystack! Well, if you wa
Selling your home is often a triumph – but it can also be a stressful and complicated process. Don’t forget to consider the tax implications for your real estate transactions.
Have you heard of this? You might not have to pay taxes on the gain if you sell your home and make a profit. Yes, this is true, and it is a huge savings. If you are single, you can claim up to 250,000
Wondering about the pros and cons of filing your taxes online? Well, this tax season, do you go with e-filing or paper filing? You can avoid some of the drawbacks to paper filing and get your tax refu