(Tax Year 2024 – Filed in 2025) Overview Yes, you can file your taxes without a W-2 but only under specific conditions. If your employer failed to provide Form...
Introduction Contributing to a retirement account not only secures your future but also provides tax deductions that lower your Adjusted Gross Income (AGI). Under IRC § 219, contributions to...
(Tax Year 2024 – Filed in 2025) Overview By law, employers must send Form W-2 (Wage and Tax Statement) to employees by January 31, 2025. If you haven’t received...
(Tax Year 2024 – Filed in 2025) Overview If you are a W-2 employee, your employer is required to send you Form W-2 by January 31, 2025. This form...
(Tax Year 2024 – To Be Filed in 2025) Overview Every year, employers are legally required to issue Form W-2 (Wage and Tax Statement) to their employees. This form...
Introduction If you paid foreign taxes on income earned outside the U.S., you may be eligible for the Foreign Tax Credit (FTC), which helps avoid double taxation. Under IRC...
(Tax Year 2024 – To Be Filed in 2025) Overview The IRS requires businesses to report income paid to workers using different forms based on the nature of the...
(Tax Year 2024 – To Be Filed in 2025) Overview Not everyone working for a business receives the same tax form. The IRS requires employers to issue Form W-2...
Tax Year 2024 – To Be Filed in 2025 Overview IRS Form W-2, Wage and Tax Statement, is a mandatory form that employers must provide to employees each year....
Introduction Unlike employees, independent contractors do not have taxes withheld from their payments. Instead, under IRC § 1402, they must pay self-employment tax and income tax directly to the...