Tax

Code DD in box 12 of the Form W-2 is used to record the employer-sponsored health coverage. The purpose of this report is to inform the employees about their health coverage plans provided by the employer. Failure to comply with this requirement may incur a penalty from the IRS as well. Let us discuss what […]

The tax season is the busiest one for professional tax accountants as well as for individual taxpayers. Everyone is making efforts to have the accounts tidied up, the wealth statement up to date, and all documents ready to file return in no time. The purpose of filing the tax return is to report all income,

Form W-2 is one of the most important and compulsory forms for the USA’s tax filers. We have already covered the Form W-2 and the content on the left and right sides of the Form W-2. You can check the article here. In this article, we will be discussing and explaining Form W-2 from a

Do you have purchased TurboTax software and need to install it on your Windows PC?. The installation process will differ depending on whether you download the software directly to your computer or purchase a CD and then have to insert the CD into your computer’s optical drive to install the software.  If you purchased TurboTax

Being a US resident, you must be aware of the W-2 form. You might be paying various kinds of tax for numerous services. Accordingly, the W-2 form is the most common and mandatory tax statement, which records taxpayers’ data. It doesn’t matter whether your tax is state wages or federal wages; the W-2 form is

NYPFL or New York Paid Family Leave has caused some confusion regarding tax for New Yorkers. Be that employees, employers, or insurance carriers, the NYPFL category raises some questions for many. It was recently made part of the W-2 form in 2018, and the employer is required to fill it just as other boxes on

Everyone should know their AGI or Adjusted Gross Income as it offers a number of supreme benefits like lower tax, tax credits, and many other advantages. But the problem arises in finding it and most people have no idea where to find or calculate their AGI. Of all the forms they fill out related to

Each US resident is paying thousands of taxes per year. The most common firm that deals with taxes and refunds are the IRS. Here the IRS occurs as the Internal Revenue Service. It has been said that the IRS claimed all the tariffs could be refunded to the people after approx 21 days. People have

If you’re a resident of the USA, tax season is the busiest time of the year. Updating your documents, financial statements, and tax documents and complying with the rules is what every individual and business is busy in. Federal taxes, state, city, and local taxes are applicable to different individuals and businesses irrespective of the