Taxation · 07/25/2025

This article provides immigrants with detailed guidance on filing personal income tax in the United States. It covers the necessity of tax filing, methods of submission, types of income tax, and relief strategies. The aim is to assist new immigrants in successfully navigating tax issues and protecting their personal rights.

Taxation · 08/12/2025

Applications for tax refunds and credits exceeding $2 million must be reviewed by the IRS and a report submitted to the Joint Tax Committee to ensure tax transparency. The review process may involve investigations or direct acceptance of applications, with important information detailed in the report to enhance tax fairness.

Taxation · 07/28/2025

This article outlines the key steps in filing personal income taxes, including filing deadlines, free filing options, and extensions. It emphasizes identity protection, tax record management, and the impact of life events on taxes, providing practical filing advice for taxpayers.

Taxation · 08/07/2025

In 2024 and 2025, the IRS announced quarterly interest rates of 8% for overpayments by individuals and 7% for overpayments by corporations, while the underpayment rate remains at 8%. Keeping an eye on these changes is beneficial for optimizing tax management.

Taxation · 07/23/2025

This article explores the definition, classification, and tax handling of bad debts, focusing on the distinction between commercial and non-commercial bad debts. It highlights important considerations for tax reporting to assist readers in effectively managing issues related to uncollectible debts.

Taxation · 04/30/2025

This article explores the potential federal taxation on individual state tax refunds, city tax refunds, and dividends from the Alaska Permanent Fund, assisting readers in understanding tax procedures to avoid unexpected financial losses.

Taxation · 07/23/2025

This article explores how businesses can effectively reduce their tax burden and enhance economic efficiency through tax credits and deductions. It covers various aspects such as childcare services for employees, investments in Opportunity Zones, and fuel tax credits. The article offers practical tax planning advice aimed at supporting the sustainable development of enterprises.

Taxation · 07/18/2025

Form 4506-T is a convenient tool for obtaining tax records, allowing requests for various tax documents such as tax returns and income statements. It protects taxpayers' privacy by partially masking identifying information while ensuring the availability of key financial data, making it suitable for various scenarios including tax preparation and financial audits.

Taxation · 07/25/2025

This article provides an in-depth analysis of the mailing addresses associated with tax forms starting with the number 9, including FUTA tax, quarterly and annual employer taxes, and tax-exempt organization filings. It offers direct links and specific addresses to assist readers in smoothly handling their tax filing and mailing tasks.

Taxation · 07/25/2025

This article assists immigrants in understanding how to properly file their personal income taxes in the United States. It covers definitions of taxes, the concept of personal income tax, the filing process, and essential tax information for immigrants. The article explains tax credits and deductions and identifies reliable resources for tax filing assistance.

Taxation · 02/06/2025

This article provides an overview of the prior year tax forms and their instructions offered by the IRS, emphasizing the importance of accurately completing personal and employer tax forms to ensure compliance and avoid potential tax risks. It includes a detailed introduction to the main tax documents for the years 2022 and 2023.

Taxation · 08/13/2025

Publication 80 – Circular SS is a tax guide designed for employers operating in the U.S. Virgin Islands, Guam, American Samoa, and the Northern Mariana Islands. It covers key topics such as income tax withholding, employer reporting obligations, and employee tax responsibilities. This resource helps businesses ensure tax compliance while supporting employee development.

Taxation · 07/18/2025

In the United States, sales tax filing is crucial for business compliance. Sales tax is an indirect tax, and businesses act as agents for tax authorities, remitting the collected amounts to the government. Understanding state and local tax regulations, registering to collect taxes, accurately calculating amounts, and timely filing are necessary steps for compliance. Filing and payment typically occur simultaneously, and as the business grows, the frequency of filings may need to be adjusted.

Taxation · 07/17/2025

In the United States, businesses need to understand their obligation to collect sales tax during transactions. This includes legally registering, accurately calculating tax amounts, and ultimately submitting tax filings and paying owed taxes. As an indirect tax, the business acts as an agent to transfer taxes to the tax authorities. Although the filing and payment processes are typically conducted together, they are independent, and businesses should adjust their filing frequency according to

Taxation · 07/23/2025

The Qualified Business Income Deduction (QBID) is a significant tax relief measure under the 2017 Tax Cuts and Jobs Act, allowing various business entity taxpayers to obtain a tax deduction of up to 20%. Understanding the eligibility criteria, applicable thresholds, and deduction details can help business owners and taxpayers more effectively reduce their tax liabilities.