Laws and Regulations

Capital loss carryover IRS rules set the playbook for turning market downturns into future tax savings. When your investments dip, federal law lets you bank the loss and offset gains for years. That break can soften the sting of a volatile portfolio and trim the bill the next time you sell a winner. This guide

Form 8880 savers credit delivers one of the few tax perks you can still grab after New Year’s Day. If you stash even a modest sum in a 401(k) or IRA, the credit can knock up to two grand off your federal bill. Use this guide to understand the rules, run the numbers, and file

Form 1095‑A health insurance reporting sits at the heart of Affordable Care Act compliance. This single document ties the insurance you bought through the Marketplace to the Premium Tax Credit (PTC) you either received in advance or plan to claim now. When the numbers disagree, the IRS adjusts your refund or sends a bill. This

Opportunity zone tax benefits sit at the crossroads of fiscal strategy and community development. Investors who channel capital gains into Qualified Opportunity Funds (QOFs) may postpone today’s tax bill, cut it in a few years, and erase it after a decade—all while funding projects that can lift entire neighborhoods. The incentive, born in the Tax

When a loved one passes an IRA to you, the IRS hands you a different rulebook. Understanding those pages early matters because every missed deadline or mis-timed withdrawal chips away at the money meant for your future. This guide walks through the tax rules for inherited IRA accounts in plain English, section by section, so

The 8944 form holds a vital place in the world of tax compliance. It serves a specific purpose for taxpayers and professionals who must request a waiver from the e-file requirement. Whether you file taxes for yourself, assist clients, or run a business, it helps to learn the purpose of this form, how to complete

How to file taxes when one spouse owns a business can involve specific steps that differ from a standard joint return. Some couples wonder whether to combine their incomes on a single return or file separately. Others worry about self-employment taxes or missing out on deductions. This guide addresses each concern with direct, easy-to-follow advice.

Can I respond to IRS Letter 4883C online? The short answer is sometimes. If you meet certain requirements, you can use the IRS’s online tools to verify your identity in connection with Letter 4883C. This letter signals that the IRS needs to confirm who you are to process your tax return. That might sound like