Deborah Ann
- IRS Forms
Form 8621 Instructions
Form 8621, file it if you own shares of a Passive Foreign Investment Company (PFIC). Follow line by line 8621…
Read More » - IRS Forms
IRS Form 7200
Advance Payments of Employer Credits Due to COVID-19—Form 7200 is the IRS tax form is for employers to request payments…
Read More » - Business
Home Office Tax Deduction
Home Office Tax Deduction is the tax deduction that millions of taxpayers are expected to claim due to the coronavirus…
Read More » - W-2 Forms
When W2 Forms are Sent Out?
Form W2—Wage and Tax Statement are sent out to employees to report the income paid and taxes withheld. When an…
Read More » - Business
EIDL Grant Application Form
EIDL—Economic Injury Disaster Loan is a $10,000 grant that is given to eligible businesses. Although it’s a “loan”, it’s more…
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Deferring Payroll Tax Obligations
The payroll tax suspension is now effective. The deferring payroll tax means the obligations to withhold Social Security tax which…
Read More » - OPM
Government Shutdown 2021
A possible government shutdown in 2021 might be ahead of us. While the chances of the government being shutdown is…
Read More » - FAFSA
FAFSA Deadlines 2021
FAFSA Deadline in 2021 for the 2020/21 academic year is June 30. Those who still plan on submitting their applications…
Read More » - Federal Income Tax
Why file taxes electronically?
Why should you file taxes electronically? There are many benefits to filing a tax return electronically in 2021. While it…
Read More » - Federal Tax Brackets
IRS Tax Tables 2020 – 2021
IRS Tax Tables are used for figuring out taxes owed to enter on Form 1040, Line 12a. For the tax…
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