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Submitting EFIN ApplicationGeneral Tax Information
How to Register as an IRS E-file Provider (EFIN Application)Taxwise Online
Restoring Deleted ReturnsTaxwise Online
E-File Validation ErrorsGeneral Tax Information
Clearing Sent E-FilesTaxwise Online
Return QueryGeneral Tax Information
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Adding Additional DependentsGeneral Tax Information
How to Cancel My SubscriptionThe client no longer requires the product subscription.
E-Signature StatusTaxwise Online
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Tax information for members of the U.S. Armed ForcesGeneral Tax Information
CA W2 for Every Federal W2
IRS Due Diligence requirements for bank productsGeneral Tax Information
Common Preparer Information TermsGeneral Tax Information
Can I Use My EFIN at Multiple Locations?General Tax Information
Can I edit a return once accepted?General Tax Information
IRS Penalties: What Triggers Them and How to Avoid or Reduce ThemGeneral tax Information
What to Do When You've Made a Mistake on Your Tax ReturnGeneral Tax Information
Get an extension to file your tax returnTaxWise Online
Who should/must file a tax returnTaxWise Online
What is credit transfer (also known as "transferability") and who can use it?General Tax Information
What is an elective payment (also known as an "elective pay" and informally as "direct pay")?General Tax Information
Earned Income Tax Credit (EITC)General Tax Information
How to file your taxes: Step by stepTaxWise Online
File an amended returnTaxWise Online
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Managing your taxes after a life eventTaxWise Online
Get your tax records and transcriptsAccess tax records and transcripts in your Individual Online Account
You can view your tax records in your Individual Online Account
Tax information for studentsTaxWise Online
Foreign students, scholars, teachers, researchers and exchange visitorsTaxWise Online
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Foreign Account Tax Compliance Act (FATCA)TaxWise Online
IRS foreign financial institution (FFI) listTaxWise Online
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Tax Exempt Organization SearchTaxwise Online
Educational resources and guidance for exempt organizations
Tax information for churches and religious organizationsTaxwise Online
Filing Requirements for churches and religious organizationsTaxwise Online
Restriction of political campaign intervention by Section 501(c)(3) tax-exempt organizationsTaxwise Online
Group exemptionsTaxwise Online
Special rules limiting IRS authority to audit a churchTaxwise Online
Private foundationsTaxwise Online
Tax information for political organizationsTaxwise Online
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Lifecycle of an exempt organizationTaxwise Online
Requirements for exemptionTaxwise Online
Application for recognition of exemptionTaxwise Online
Electronically submit your Form 8976, Notice of Intent to Operate Under Section 501(c)(4)Taxwise Online
Solicitation noticeTaxwise Online
Exempt organizations - Required filingsTaxwise Online
Tax-exempt organizations and political campaign interventionTaxwise Online
Unrelated business income taxTaxwise Online
Proxy tax: Tax-exempt organization fails to notify members that dues are nondeductible lobbying/political expendituresTaxwise Online
Common Tax DefinitionsIf you're a new preparer, these definitions will help you understand the tax industry better.
Common tax law restrictions on activities of exempt organizationsTaxwise Online
Before applying for tax-exempt statusTaxwise Online
Applying for tax exempt statusTaxwise Online
How to stay exemptTaxwise Online
Revoked? Reinstated? Learn moreTaxwise Online
Exemption requirements - 501(c)(3) organizationsTaxwise Online
Charity and nonprofit auditsTaxwise Online
Annual filing and formsTaxwise Online
Required filing (Form 990 series)Taxwise Online
Employment taxes for exempt organizationsTaxwise Online
Education sessionsTaxwise Online
International taxpayersTaxwise Online
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IRS information sharing programsTaxwise Online
Filing Requirements To File For Individuals In DC, Maryland, and Virginia.
Safeguards programTaxwise Online
TaxWise® Forms and Schedules For Different States
Protecting taxpayer civil rightsTaxwise Online
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Tax information for federal, state and local governmentsTaxwise Online
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Return filingTaxwise Online
Stay compliantTaxwise Online
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Gaming and casinosTaxwise Online
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Published guidance for tribesTaxwise Online
Communication, outreach and educationTaxwise Online
Indian tribal government newsTaxwise Online
Contact Indian tribal governmentTaxwise Online
Tax-exempt bondsTaxwise Online
Tax credit and direct pay bondsTaxwise Online
Forms and filing requirements for tax exempt bondsTaxwise Online
Common Mistakes to Avoid When Filing Taxes for Students and Their Parents (IRS Guidelines)General Tax Information
Navigating Tax Benefits for Graduate Students: Essential IRS Guidelines for Tax ProfessionalsGraduate students may qualify for various tax benefits that can reduce their taxable income and overall tax liability. Tax professionals should be aware of the following key provisions:
The Impact of Scholarships on Financial Aid and Tax Returns: IRS GuidelinesScholarships can significantly affect both financial aid packages and tax obligations. Understanding these impacts is crucial for students and their families.
Understanding Qualified Education Expenses: IRS GuidelinesQualified education expenses are specific costs that the Internal Revenue Service (IRS) recognizes as eligible for tax benefits related to education. These expenses are essential for taxpayers seeking education credits…
Tax Strategies for Parents of College Students: Maximizing DeductionsParents with children in college can take advantage of several tax benefits to reduce their tax liability. Key strategies include:
Claiming Dependents: Tiebreaker Rules for Students in Custody SituationsWhen multiple individuals are eligible to claim a student as a dependent, the IRS enforces tiebreaker rules to determine who has the rightful claim. These rules are particularly pertinent in…
Tax Implications of Work-Study Programs for StudentsParticipating in a work-study program provides students with valuable financial support and work experience. However, it's essential to understand the tax implications associated with work-study earnings. Key points include:
Coordinating Education Benefits: Avoiding Double DippingWhen claiming education-related tax benefits, it's crucial to understand the IRS's rules against "double dipping," which prohibit using the same educational expense to qualify for multiple tax benefits. Key considerations…
Student Loan Interest Deduction: Eligibility and Claiming ProcessThe Student Loan Interest Deduction allows taxpayers to reduce their taxable income by up to $2,500 for interest paid on qualified student loans. This deduction is available even if you…
The Role of Form 1098-T: Essential Information for Tax ProfessionalsForm 1098-T, Tuition Statement, is a critical document for tax professionals assisting clients with education-related tax benefits. Key aspects include:
Tax-Free vs. Taxable Scholarships: Understanding the DifferencesScholarships and fellowship grants can significantly aid in financing education, but it's crucial to understand their tax implications. The taxability of these funds depends on several factors:
Claiming Education Expenses: Eligibility and Deduction GuidelinesTaxpayers may be eligible to claim deductions or credits for qualified education expenses, potentially reducing their tax liability. Key considerations include:
Navigating the Kiddie Tax: Tax Implications for Students with Investment IncomeThe Kiddie Tax is a federal tax law designed to prevent parents from shifting investment income to their children to take advantage of lower tax rates. Understanding its application is…
Lifetime Learning Credit: Benefits and Claiming Process for StudentsThe Lifetime Learning Credit (LLC) is a valuable tax benefit that can help offset the costs of higher education by reducing your tax liability. Here's what you need to know:
Understanding the American Opportunity Tax Credit: Maximizing Benefits for StudentsThe American Opportunity Tax Credit (AOTC) is a valuable tax benefit designed to help students and their families offset the costs of higher education. Key features and eligibility criteria include:
Common Mistakes to Avoid When Filing Your 1040General Tax Information
Filing Taxes as a Self-Employed Individual - Specific instructions and considerations for self-employed filersTaxwise Online
Common Mistakes to Avoid When Filing Taxes for Parents with Complicated SituationsAvoid tax filing errors like claiming ineligible dependents, incorrect filing status, income misreporting, SSN mismatches, and missing documents. Follow IRS guidelines for accurate and hassle-free returns.
How to Report Additional Income on Your 1040General Tax Information
The Importance of Accurate Recordkeeping for Parents with DependentsMaintaining precise and organized records is crucial for parents with dependents, as it ensures compliance with tax regulations and maximizes potential tax benefits. Key considerations include:
Tax Considerations for Parents with Children Living Abroad: Understanding Foreign IncomeParents with children residing abroad must navigate complex tax regulations to ensure compliance and optimize potential benefits. Key considerations include:
How to Handle Multiple Support Agreements for Claiming DependentsWhen multiple individuals collectively provide more than half of a person's support, but no single individual contributes more than 50%, the IRS allows for a Multiple Support Agreement to determine…
Maximizing Education Credits: Tax Benefits for Parents of College StudentsParents with children in college can take advantage of two primary education tax credits to reduce their tax liability: the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit…
Tax Implications of Child Support and Alimony Payments for ParentsUnderstanding the tax treatment of child support and alimony payments is crucial for parents navigating divorce or separation. Key considerations include:
The Role of Form 8332: Releasing Dependency Claims to Noncustodial ParentsForm 8332, "Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent."
Tax Credits You Might Be MissingGeneral tax Information
Filing Taxes for Blended Families: Managing Complicated Dependency SituationsNavigating tax filings in blended families can be complex, especially when determining who can claim dependents. Understanding IRS guidelines is crucial to ensure compliance and maximize tax benefits.
Tax Strategies for Parents with Special Needs Children: Maximizing Deductions and CreditsParents of children with special needs may be eligible for various tax deductions and credits that can alleviate financial burdens. Key considerations include:
How to Handle Capital Gains and LossesGeneral Tax Information
Understanding the Child Tax Credit and Other Dependents CreditGeneral Tax Information
What to Do If You Can't Pay Your Tax BillGeneral Tax Information
Tax Implications of Retirement Accounts - Information on how to report distributions from retirement accountsTaxwise Online
How to Amend Your Tax ReturnGeneral Tax Information
The Impact of Divorce on Dependency Claims and Tax BenefitsDivorce significantly affects tax considerations, particularly regarding which parent can claim a child as a dependent. Key points include:
Child and Dependent Care Credit: Assisting Parents in Claiming Eligible ExpensesThe Child and Dependent Care Credit provides financial relief to parents who incur expenses for the care of qualifying individuals to enable them to work or actively seek employment.
Understanding Form 1099-NEC: Key Reporting Requirements for Nonemployee CompensationEssential for businesses working with independent contractors
The Differences Between 1099-NEC and 1099-MISC: When to Use Each FormDetailed comparison of Forms 1099-NEC and 1099-MISC, explaining their differences, when to use each, and key IRS reporting requirements for businesses and independent contractors
How to Prepare for an IRS Audit - Tips on maintaining records and what to expect during an auditTaxwise Online
Frequently Asked Questions About Form 1040 - A compilation of common queries and their answers to assist usersTaxwise Online
Tax Implications of Misclassifying Employees as Independent ContractorsLearn the costly tax consequences of misclassifying employees as independent contractors and how to stay compliant with IRS regulations
Understanding Required Minimum Distributions (RMDs): New Rules and ComplianceTaxwise Online
Navigating Tax Deductions for Medical Expenses in RetirementGeneral Tax Information
Navigating Self-Employment Tax: What Contractors Need to KnowUnderstand self-employment tax obligations, deductions, and strategies to maximize earnings as an independent contractor
Tax Implications of Social Security Benefits for RetireesGeneral Tax Information
The Impact of the SECURE 2.0 Act on Retirement PlanningGeneral Tax Information
Strategies for Managing Taxable Income During RetirementTaxwise Online
Common Mistakes in Filing 1099s and How to Avoid ThemMistakes in Filing 1099s and How to Avoid
The Importance of Accurate Recordkeeping for Independent ContractorsEssential recordkeeping tips for independent contractors
Claiming Dependents: Tiebreaker Rules for Parents in Custody DisputesFor divorced, separated, or unmarried parents sharing custody, understanding IRS rules for claiming a child as a dependent is crucial. Following these guidelines simplifies tax filing and avoids potential delays…
Navigating the Child Tax Credit: Eligibility and Maximizing Benefits for ParentsTaxwise Online
Understanding Head of Household Filing Status: Benefits and Requirements for Single ParentsTaxwise Online
How to Handle 1099s for Payments Made to Foreign Contractors
Child and Dependent Care Credit: How to Help Parents Claim Their ExpensesTaxwise Online
Understanding the Kiddie Tax: Tax Implications for Children with Investment IncomeTaxwise Online
Child Tax Credit: Eligibility and Maximizing Benefits for ParentsTopics for Tax Professionals Filing Parents with Dependents in Complicated Situations
Understanding Backup Withholding and Its Impact on 1099 FilingsArticle Topics About 1099s and Contractor Taxes for Tax Professionals
Best Practices for Reporting Contract Labor on Schedule CArticle Topics About 1099s and Contractor Taxes for Tax Professionals
Tax Deductions for Independent Contractors: What Can Be Claimed?Article Topics About 1099s and Contractor Taxes for Tax Professionals
The Role of the Voluntary Classification Settlement Program (VCSP) in Worker ClassificationArticle Topics About 1099s and Contractor Taxes for Tax Professionals
How to Prepare for an IRS Audit as a Self-Employed IndividualArticle Topics About 1099s and Contractor Taxes for Tax Professionals
The Impact of the Gig Economy on 1099 Filings and Tax ComplianceArticle Topics About 1099s and Contractor Taxes for Tax Professionals
Understanding the Reporting Requirements for Payments Made via Digital PlatformsArticle Topics About 1099s and Contractor Taxes for Tax Professionals
Tax Strategies for Contractors: Maximizing Deductions and Minimizing LiabilitiesArticle Topics About 1099s and Contractor Taxes for Tax Professionals
Understanding Head of Household Filing Status: Benefits and Requirements for Single ParentsThe Head of Household (HoH) filing status is an option for single parents and individuals who maintain a home for qualifying dependents.
Tax Considerations for Withdrawals from Traditional vs. Roth IRAsGeneral Tax Information
How to Handle Early Withdrawals from Retirement Accounts Without PenaltiesGeneral Tax Information
Understanding the Tax Treatment of Pension Plans and AnnuitiesGeneral Tax Information
Maximizing Retirement Savings: Catch-Up Contributions for Older ClientsGeneral tax Information
Tax Benefits of Health Savings Accounts (HSAs) for SeniorsGeneral Tax Information
Planning for Taxes on Inherited Retirement AccountsGeneral Tax Information
The Role of Charitable Contributions in Retirement Tax PlanningGeneral Tax Information
Understanding Medicare and Its Tax Implications for SeniorsGeneral Tax Information
How to Advise Clients on Tax Strategies for Retirement IncomeGeneral Tax Information
Common Mistakes to Avoid When Filing Taxes for Retirement Age ClientsGeneral Tax Information
Creating and submitting E-filesTaxwise Online
Print Client Copy of Return
Post-issuance complianceTaxwise Online
Published guidanceTaxwise Online
Reference materialsTaxwise Online
NewsTaxwise Online
ContactsTaxwise Online
Taxpayer identification numbers (TIN)Taxwise Online
Individual taxpayer identification number (ITIN)Taxwise Online
What is an NYTPRIN?If you are compensated for preparing New York State tax returns or assisting clients with refund anticipation loans or checks.
What Do When The Return is Amended but Prior Payments Were Not Transmitted?Understanding the XMS00-085 Error
What To Do If Interest and Penalty is Entered (Understanding Form 80-320 and Error XMS00-312)This article aims to explain the cause of this error and how to resolve it, with a focus on the relevance of IRS Form 80-320.
Direct Pay with bank accountTaxwise Online
Pay your taxes by debit or credit card or digital walletTaxwise Online
EFTPS: The Electronic Federal Tax Payment SystemTaxwise Online
Apply online for a payment planTaxwise Online