This IRS webinar explains the impact of residency status on U.S. taxation. It differentiates residency status under U.S. immigration law versus U.S. tax law, and determines an individual’s residency status for U.S. tax purposes. It also describes the special tax rules that apply to dual-status individuals. Make sure you're up-to-date on this complicated aspect of tax [...]
This article was published by the IRS. Owning a home costs money, but there are tax benefits available to help homeowners save on some of common costs of homeownership. Homeowners should review the tax deductions, programs, and housing allowances to see if they are eligible. Deductible house-related expenses Most home buyers take out a mortgage to [...]
This article was published by the IRS. The employer-provided Childcare Tax Credit is an incentive for businesses to provide childcare services to their employees. About the tax credit This tax credit helps employers cover some costs for childcare resource and referral and for a qualified childcare facility. A qualified childcare facility is one that meets the [...]
This article was published by the IRS. Here are some simple things taxpayers can do throughout the year to make next filing season less stressful: Organize tax records. Create a system that keeps all important information together. Taxpayers can use a software program for electronic recordkeeping or store paper documents in clearly labeled folders. They should [...]
This article was published by the IRS. IRS identity protection PINs, or IP PINs, are a vital tool to protect taxpayers from fraudsters trying to steal personal and financial information. Taxpayers are encouraged to establish an IRS Online Account and request an IP PIN. Important things to know about an IP PIN Anyone with an SSN [...]
