IRS Tax Topics

IRS - Reduced RefundYour tax refund may be reduced to cover outstanding debts such as child support, federal or state obligations, or unemployment overpayments.

IRS Services – Volunteer Tax Assistance, Outreach Programs and Identity Theft

IRS - Offers in compromiseA settlement option that allows eligible taxpayers to resolve tax debt for less than the full amount owed based on financial hardship or other qualifying criteria.

IRS - Dishonored paymentsA penalty may apply when a taxpayer’s payment is returned unpaid, but relief options are available under certain conditions.

IRS - Pensions and annuitiesPension and annuity payments may be fully or partially taxable, depending on contributions made to the retirement plan.

IRS - Pensions – The general rule and the simplified methodMethods for determining the taxable and tax-free portions of pension or annuity payments.

IRS - Lump-sum distributionsSpecial tax treatments available for lump-sum distributions from qualified retirement plans.

IRS services – Volunteer tax assistance, outreach programs and identity theftThe IRS sponsors volunteer assistance programs offering help to taxpayers in many community locations.

Topic no. 102, Tax assistance for individuals with disabilities

IRS - Rollovers from retirement plansA rollover lets you transfer retirement funds between eligible plans without immediate taxation.

IRS - Rental income and expensesRental income is taxable, but you may deduct related expenses to reduce taxable income.

IRS - Renting residential and vacation propertyYou may deduct certain expenses related to rental income, but special rules apply if you use the property personally.

IRS - Farming and fishing incomeSpecial tax rules apply to farmers and fishermen, allowing them to avoid estimated tax payments under certain conditions.

IRS - Earnings for clergySpecial tax rules apply to licensed, commissioned, or ordained ministers regarding income, expenses, and Social Security coverage.

Applying to File Information Returns Electronically | IRS

FIRE System Test Files and Combined Federal/State Filing (CF/SF) Program | IRS

Topic no. 103, Tax help for small businesses and the self-employed

Topic no. 104, Taxpayer Advocate Service – Your voice at the IRS

Topic no. 105, Armed Forces tax information

Topic no. 107, Tax relief in disaster situations

Topic no. 151, Your appeal rights

Topic no. 154, Form W-2 and Form 1099-R (what to do if incorrect or not received)

Topic no. 155, Obtaining forms and publications

Topic no. 156, How to get a transcript or copy of your tax return

Topic no. 157, Change your address – how to notify the IRS

Topic no. 158, Paying your taxes and ensuring proper credit of payments

Topic no. 159, How to get a wage and income transcript or copy of Form W-2

Topic no. 161, Returning an erroneous refund – Paper check or direct deposit

Topic no. 701, Sale of your home

Topic no. 703, Basis of assets

Qualified Tuition Programs (QTPs) | IRS

Topic no. 704, Depreciation

Topic no. 705, Installment Sales

Roth IRAs: A Tax-Advantaged Way to SavePlanning for retirement? A Roth IRA could be your secret weapon. Let's break down how it works and why it’s so special.

Tax Topic 310 (IRS): Coverdell Education Savings Account (ESA)Dreaming of stress-free education savings? A Coverdell ESA may be your answer! Let's explore how it helps you save for educational expenses.

Filing Your Tax Return: Key Information

IRS: Understanding Your Right to RepresentationDealing with taxes can be tricky! Did you know you can have someone represent you when working with the IRS? Refer to IRC § 7803(a)(3)(I).

IRS: Designating a Third Party to Discuss Your Tax ReturnNeed help with your taxes? You can allow the IRS to discuss your tax return with someone you trust. Let's explore your options!

IRS: Record-Keeping: Why It's Your Best Tax FriendGood news! Well-organized records simplify tax prep, resolve inquiries, and may help if the IRS selects your return.

Common Tax Return Errors to Avoid

IRS - Unemployment compensationA guide to understanding the taxation, reporting, and fraud risks associated with unemployment benefits.

IRS - Gambling income and lossesA guide to reporting gambling income, deducting losses, and understanding tax rules for casual gamblers.

IRS - Bartering incomeA guide to reporting income from bartering and understanding tax obligations.

IRS - Scholarships, fellowship grants, and other grantsA guide to understanding the taxability of scholarships, fellowships, and other grants.

IRS - Social Security and equivalent Railroad Retirement benefitsA guide to understanding the taxability of Social Security and equivalent railroad retirement benefits.

IRS - 401(k) plansA guide to contributions, distributions, and tax implications of 401(k) retirement plans.

IRS - Passive activities – Losses and creditsA guide to understanding tax rules related to unemployment benefits.

IRS - Stock optionsStock options are a form of compensation that may result in taxable income when received, exercised, or sold.

How to Request an Extension of Time to File Your Tax Return | IRS

Understanding Backup Withholding: When It Applies and How to Avoid It

Amending Your Tax Return: When and How to Make Corrections

Understanding Wages, Salaries, and Tax Withholding

Understanding Your Tax Payment Options and Consequences of Unpaid Taxes

How to Pay Your Taxes: Easy Options and Plans

Traders in securities (information for Form 1040 or 1040-SR filers)Understanding how securities traders qualify for tax purposes and report income, expenses, and mark-to-market elections.

Understanding Taxable and Nontaxable Interest Income

Understanding Dividends and Taxes

Understanding IRS Notices: A Friendly Guide (From the IRS)

Understanding Capital Gains and Taxes

Understanding the Standard Deduction

Understanding Key Tax Provisions for Health Care

IRS - Receipt of stock in a demutualizationA demutualization occurs when a mutual insurance company transitions into a stock company, impacting policyholders' ownership rights.

IRS - Canceled Debt – Is It Taxable or Not?Understanding when canceled debt is considered taxable income and when it is exempt can help you properly report it on your tax return.

IRS - Form 1099-A, Acquisition or Abandonment of Secured Property and Form 1099-C, Cancellation of DebtUnderstanding how the transfer or abandonment of secured property affects your tax obligations is crucial when dealing with foreclosures or repossessions.

IRS - Resident and nonresident aliensBecause tax treatment differs between residents and nonresident aliens, determining your tax status is essential.

IRS - Foreign tax creditA guide to determining eligibility, restrictions, and the process of claiming a foreign tax credit.

Understanding Worker Classification: Employee vs. Independent Contractor

Understanding Tip Reporting and Tax Responsibilities for Employers

Understanding FUTA Tax and Filing Requirements

Understanding Standard and Itemized Deductions

Understanding Your IRS Notice CP2000The IRS wants to help you understand a CP2000 notice you may have received. Let's break it down in a way that's easy to understand.

Understanding IRS Penalties and Interest Charges - From the IRSHere's what you need to know about penalties and interest from the IRS.

Understanding Your IRS Notice CP75 or CP75A: A Friendly GuideThis article will walk you through the common reasons for this notice and how to respond.

Simplify Your Taxes with IRS ToolsIRS tools help you file, estimate withholding, and avoid penalties.

IRS - Understanding Taxes on Your Child's Income

Understanding Self-Employment Tax (IRS)Being your own boss is great! Just remember, you're also responsible for self-employment taxes. Let's break down what that means for you.

IRS - Understanding the Alternative Minimum Tax (AMT)Let's break down the AMT. This ensures everyone pays their fair share by limiting certain tax benefits.

IRS - Understanding the 10% Early IRA Withdrawal PenaltyTaking money out of your IRA early? You might face a penalty, but there are exceptions! Read on to learn more and avoid surprises.

IRS - Understanding the 10% Early Distribution Tax other than IRAsThinking about tapping into your retirement funds early? There's a 10% tax, and here's what you should know, without all the jargon.

IRS - Understanding the Net Investment Income Tax (NIIT)Are you an investor? You may need to understand the Net Investment Income Tax. Let's break down what it is and how it might affect you.

IRS - Understanding the Additional Medicare TaxAre you curious about the Additional Medicare Tax? It's here to help fund the Affordable Care Act, including the premium tax credit.

IRS - The Earned Income Tax Credit (EITC)The EITC, or Earned Income Tax Credit, is a fantastic opportunity for eligible workers and families to get money back!

IRS: Unlock Tax Savings with the Child and Dependent Care CreditBalancing work and family? You may be able to claim the child and dependent care credit! Here's what you need to know.

IRS - Understanding Social Security and Railroad Retirement Tax WithholdingsDid you know that how much Social Security and Railroad Retirement Tax Act (RRTA) taxes withheld from your paychecks may be refunded? Read on to learn more!

RS - Retirement Savings Contributions Credit (Saver's Credit)Saving for retirement? You might qualify for a tax credit!

IRS: Understanding the First-Time Homebuyer Credit RepaymentDid you snag the First-Time Homebuyer Credit? If so, let's break down the repayment rules in a way that's easy to digest.

Understanding the Premium Tax Credit: An IRS GuidePurchasing health insurance can be more affordable! The Premium Tax Credit helps those with moderate incomes.

Form 941 and Form 944: Employer’s Quarterly and Annual Federal Tax Returns | IRS

Deposit Requirements for Forms 941 and 944: Employer’s Guide to Federal Tax Deposits | IRS

Employment Taxes for Household Employees | IRS

Form W-4: Employee's Withholding Certificate | IRS

Filing Forms W-2 and W-3 | IRS

Social Security and Medicare Withholding Rates | IRS

U.S. Employment Tax Obligations for Puerto Rico-Based Employers: FICA, FUTA, and Filing Requirements | IRS

Tax Credits and Deductions for Puerto Rican Source Income Exempt from U.S. Taxation | IRS

U.S. Federal Income Tax Filing Requirements for Individuals with Puerto Rican Income | IRS

Electronic Filing Requirements for Information Returns | IRS

Electronic Filing Waivers, Exemptions, and Filing Extensions | IRS

IRS - Individual taxpayer identification number (ITIN)A guide to understanding the ITIN, its purpose, eligibility, application process, and expiration rules.

IRS - Alien tax clearanceA guide for resident and nonresident aliens on tax compliance before departing the United States.

Individual Retirement Arrangements (IRAs) | IRS

Alimony and Separate Maintenance | IRS

Bad Debt Deduction | IRS

Moving Expenses for Members of the Armed Forces

Understanding Medical and Dental Expense Deductions

Understanding Tax Deductions for State and Local Taxes

Understanding Mortgage Points and Their Tax Benefits

Understanding Interest Deductions and Mortgage Tax Benefits

Student Loan Interest Deduction

Educator Expense Deduction

Understanding Estimated Tax Payments and Avoiding Penalties

Understanding Business Income and Taxation