Taxation · 07/23/2025

This article delves into the tax policies governing charitable and non-profit organizations in the United States, covering the steps to apply for tax-exempt status, compliance requirements, and strategies for effectively utilizing technological tools to optimize financial management. Understanding these aspects can help organizations operate more effectively and contribute to social development.

Taxation · 02/03/2025

The IRS advises taxpayers to choose tax preparers carefully to prevent identity theft and financial loss. While most preparers offer reliable services, some engage in fraud. The IRS recommends that taxpayers conduct background checks before sharing personal information and utilize valid resources regarding tax professionals to ensure the security of their personal information.

Taxation · 07/18/2025

Florida is engaged in intense discussions about abolishing property tax to alleviate the economic burden on residents. Although the proposal has garnered significant support, eliminating the tax would create a fiscal shortfall for local governments, potentially impacting public services. Balancing residents' needs with public interests is the central issue of this reform.

Taxation · 08/07/2025

This article provides a detailed analysis of the usage scope, reporting requirements, and applicable transaction scenarios of Form 1099-B, highlighting its importance in tax compliance for securities trading and other exchange activities. By understanding this form, investors can more effectively manage their tax risks, achieving a balance between compliance and profitability.

Taxation · 08/12/2025

Choosing the IRS direct transfer method for receiving tax refunds is convenient and secure, significantly reducing the risk of lost or delayed funds. This article provides a detailed overview of the process and its advantages, as well as tips on how to maximize tax refunds to enhance the efficiency of fund utilization.

Taxation · 07/25/2025

This article analyzes the organizational structure of the Internal Revenue Service (IRS) in the United States, focusing on its efficient management system composed of the Commissioner, Deputy Commissioner, and various specialized units. It highlights how different service departments enhance taxpayer satisfaction and tax compliance, showcasing the professionalism and personalized services in contemporary tax management.

Taxation · 07/23/2025

The U.S. Department of Treasury and IRS have issued new regulations stating that tribally-owned enterprises will no longer be treated as independent federal tax entities and will be exempt from federal income tax. Additionally, the new rules will allow tribal legal entities to qualify for energy credits, supporting economic independence and social welfare.

Taxation · 07/23/2025

This article provides a detailed guide on how to apply for an Individual Taxpayer Identification Number (ITIN) using Form W-7. It covers the steps for both applying and renewing the ITIN, emphasizing the importance of tax compliance. The aim is to assist individuals without a Social Security Number in successfully completing their tax filings in the United States.

Taxation · 07/25/2025

Statistics from the 2023 individual income tax declaration season show a slight decrease in the number of filings, although processing efficiency has improved. The decline in electronic filings, alongside the growing demand for professional tax assistance, reflects changing taxpayer behavior. Overall, both the number of refunds and the total refund amount have decreased, indicating the challenges faced by taxpayers.

Finance · 07/18/2025

The steps to apply for digital immigration to the U.S. include obtaining an ITIN tax number and a valid U.S. address, followed by applying for a bank card or credit card. These steps facilitate the integration of new residents into the American financial landscape. Additionally, understanding U.S. tax and legal knowledge is crucial for successful immigration.

Taxation · 08/13/2025

This article provides a detailed guide on how to apply for an installment payment agreement by completing IRS Form 9465, effectively easing the tax burden for taxpayers. It includes information on the application process, key points for filling out the form, suggestions for monthly payment plans, and payment methods, aiming to assist readers in managing their tax issues smoothly.

Finance · 06/28/2025

This analysis examines key factors influencing the future of the US stock market, including the impact of high tariffs from Trump’s policies, upcoming earnings reports, and the Federal Reserve's interest rate policies. Although short-term business activity may slow down, potential cooperation in Sino-US relations and signs of recovery in the job market provide the market with confidence for the future.

Taxation · 07/18/2025

There are temporary and permanent differences between US tax and book accounting, which affect revenue recognition and compliance.

Taxation · 07/25/2025

This article outlines the essential rights taxpayers should be aware of when interacting with the Internal Revenue Service (IRS), including the right to be informed, the right to receive services, and the right to fair appeal, among others. Understanding these rights is crucial for protecting one’s tax interests and ensuring that taxpayers receive fair and reasonable treatment when dealing with tax matters.

Taxation · 07/18/2025

The Section 121 exclusion provides significant tax benefits for taxpayers selling their primary residence. Qualifying taxpayers can enjoy an exclusion amount of up to $250,000 or $500,000. Key requirements include ownership and residence for a cumulative total of 24 months within the last 5 years. Non-qualified use during rental periods may affect the exclusion amount, necessitating careful handling of related tax issues.