Tax guidance and resources

Latest Articles

• How to write off bad debt

  There are a few ways to offset losses from business debt or nonbusiness debt.

  4 min read Oct 18, 2021

  

• What is the Internal Revenue Service (IRS) and what does it do?

  The IRS is responsible for assessing and collecting tax revenue in the United States.

  4 min read Oct 21, 2021

  

• Sales tax: Definition, how it works and how to calculate it

  Sales tax is a type of consumption tax, meaning it taxes people for spending money

  3 min read Oct 21, 2021

  

• Sin tax: What it is, how it works and examples

  A sin tax is a tax levied on a specific activity or good that is deemed harmful to individuals or society.

  3 min read Oct 21, 2021

  

• When are taxes due? Tax deadlines for 2022

  As of now, the deadline for filing your 2021 taxes is April 15, 2022

  3 min read Oct 21, 2021

  

• Tax Identification Number (TIN): What it is and how to get it

  A TIN is a nine-digit tracking number assigned and used to identify a taxpayer.

  2 min read Oct 20, 2021

  

• Child tax credit 2021: How to qualify and how much you’ll get

  Nearly 36 million Americans are eligible for the expanded credit.

  5 min read Oct 20, 2021

  

• This was the average tax refund last filing season

  The average tax return for the 2020 tax year was $2,827, a 13.24 percent increase from the previous year.

  2 min read Oct 18, 2021

  

• What is gross income? How it works and why it’s important

  A person’s gross income is used to determine how much they have to pay toward federal and state income taxes.

  3 min read Oct 18, 2021

  

• Modified adjusted gross income (MAGI): What it is and how to calculate it

  You’ll need to know your MAGI to determine whether you qualify for certain tax benefits.

  2 min read Oct 18, 2021