Form 1040 instructions: the new system and how to properly file your individual tax return in 2018

April 16, 2018

This tax season kicked off with a new tax law, causing a big fuss in the media and among many Americans. Many people were surprised that after so many years of filing taxes the same way, that the tax system could suddenly go through such drastic changes. The introduction of new tax rates and new...Read More

Three core 2018 tax extension forms that you can file online in a few minutes

April 13, 2018

If you decided to make a tax extension request, you don’t need to explain to the IRS why you need more time to file. What is more, you don’t need to pay any fee to the IRS and your extension isn’t an audit trigger. The fastest and easiest way to get your form to the...Read More

Amazon starts collecting sales tax on behalf of third-party sellers in Washington

April 11, 2018

From now on, the responsibility of calculating and paying sales taxes will move from third-party sellers to Amazon. For a long time the marketplace has argued that sellers should be in charge of collecting sales tax in the states that levy it. Because of multiple accusations from sellers claiming that Amazon shirks its legal obligation...Read More

Easily cover your educational expenses by filing IRS Form 8863

April 10, 2018

If you want to claim either the Lifetime Learning Credit or the American Opportunity Credit for educational purposes, be sure to submit your IRS Form 8863, known as Education Credits. The primary difference between the Lifetime Learning Credit and the American Opportunity Credit is that the first is not refundable while the second one is....Read More

Tax season is on fire – don’t miss a thing this year!

April 9, 2018

Tax season 2018 must be the most unusual and unpredictable season due to the significant amendments to the tax code under the Tax Cuts and Jobs Act. For the first time in thirty years the taxation system has radically changed. Tax Returns 2017 VS Tax Returns 2018 Last year, Americans received $324 billion in...Read More

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