what to claim on w2
Federal Income Tax
What to claim on W2

Your W2 will list your wages and other income. Can you claim certain items to lower your tax? Not quite, but you could make sure everything looks right.

penalty for filing a false tax return
Civil Tax Penalties
Penalty for Filing a False Tax Return

The penalty for filing a false tax return can be steep, and including monetary fines and prison time. Learn the risks of filing a false return.

how to file taxes without w2 or 1099
Federal Income Tax
How to file taxes without W2 or 1099

Most employees and contractors will receive a W2 or 1099. For those that don’t, you can still file taxes without a W2 or 1099.

how to read w2
Federal Income Tax
How to Read a W2

Reading a W2 can be easy. Just remember to know which wage item belongs in which box of the W2 form. You can also check the legend.

w2 vs w4
Federal Income Tax
What is the Difference Between W2 vs W4

The difference between a W2 and a W4 is quite simple – one is filled out by you and the other is provided to you by your employer.

tax evasion penalty
Civil Tax Penalties
Tax Evasion Penalty

The penalty for tax evasion is no joke. There are civil consequences (like fines and penalties) and criminal consequences (like prison time).

irs tax lien on inherited property
Retirement and Taxes
IRS Tax Lien on Inherited Property

The IRS can record tax lien on inherited property. This means you can’t escape IRS collection by giving away your property upon your death.

what are fraudulent transfer statute of limitations
Civil Tax Fraud
What are Fraudulent Transfer Statute of Limitations

The IRS has an extended statute of limitations to go after fraudulent transfers. This helps them collect past due tax debt.

do you pay taxes on settlements
Federal Income Tax
Do You Pay Taxes on Settlements?

You generally don’t have to pay tax on personal injury and emotion distress settlements, but other types of settlements are taxable.

1099 vs w2 which is better for employee
Federal Income Tax
1099 vs W2: Which Is Better for Employee?

Some people get 1099s and others get W2s. You can deduct expenses with a 1099, but W2 pays a lower tax rate. Learn which is better for you.