The Handy Tax Guy - Page 10 of 19 - Taxes made easy for everyday people.

Injured Spouse Tax Relief IRS Form 8379 Couple with Back to Each Other

Everything You Need to Know about Injured Spouse Tax Relief (IRS Form 8379)

Are you having difficulty understanding the IRS Form 8379 when it comes to the Injured Spouse Tax Relief?

You’re probably facing this new challenge because of an unexpected problem…

Everything seemed to be going well with your tax preparation this year until you were unexpectedly told you would not be receiving your refund.

In fact, you would end up giving the entire refund to the IRS for a particular issue unknown to you.

Once you contacted the IRS you learn that your spouse owes money towards a delinquent student loan payment and now the money you were depending on has vanished…

…or so you thought.

Your Ultimate Guide to Etsy Taxes and Tips for Shop Owners

Are you so confused with trying to understand taxes with your Etsy business?

If so, did you know that as an Etsy Shop Owner, you can write-off some of the common items you use to make your web empire awesome?

Thanks to the evolution and growth of technology, you are able to turn your passions into a revenue generating business.

Family silhouette on yellow background wanting to file with IRS form 8822

IRS Form 8822: How to Change Your Address with the IRS the RIGHT WAY!

The IRS needs a current address to send you any refunds and correspondence. It can take up to 6 weeks to process a change of address. Most people use IRS Form 8822 to change their address, but there are a couple of other methods too.

If you move after you file your taxes, you’ll need to complete the IRS form. If you move before you file your taxes, your new tax returns will reflect the new address, but you must take other precautions too.

Tax pro vs. tax software. Do you need to hire an accountant for taxes? #taxtips

Tax Software vs. Accountant or Tax Pro: Should I Do My Own Taxes?

One of the most common questions I’m frequently asked is, “should I do my own taxes this year?”

It’s a new tax season and many of you all will be receiving your W-2s soon. The next step is to choose how you want to file your taxes this year.

Should you use a tax software or hire a tax pro?

Small business owners happy to be registering for IRS form 2553 on computer

IRS Form 2553: How to Register as an S-Corporation for Your Business

If you registered your business as a corporation, the IRS automatically makes you a C-corp. This has many tax disadvantages, making it hard for small businesses to remain profitable. Fortunately, businesses can file IRS Form 2553 and choose to be an S corporation instead.

The largest benefit of filing as an S-corp is the tax savings. The shareholders bear the burden of the corporation’s net income, paying taxes at their personal tax rate rather than the corporate tax rate, which is 21% plus the personal tax rate of any earnings.