Category: Tax Education

The Work Opportunity Tax Credit (WOTC) is an important tax credit available to employers. Here’s how to claim the WOTC and its tax benefits.

You must report mutual funds that come from dividends and capital gains in taxable accounts. Here’s how to determine taxes on mutual funds.

If handled correctly annuities can be beneficial in retirement plans. Here are the different types of annuities and how to use them in retirement planning.

Nanny taxes are federally required by household employees that’s income exceeds a certain threshold. Here’s what to know about filing nanny taxes.

A 401k plan is a great way to begin planning for retirement, but 401k blackout periods can be confusing. Find out about them and how long they last.

Filing taxes is complicated, and the IRS is strict about who is eligible to file them on other’s behalf. Learn what to do if your EFIN application is denied.

Annoyed with receiving tax refunds late? Refund transfers can be a great way to expedite receiving your tax returns.

If you’re looking for an easy way to get your tax refund deposited right into your normal bank account, then Form 8888 is for you. The document was designed to help the Internal Revenue Service (IRS) issue direct deposits of tax refunds, and is a great way to streamline the process of receiving your check and making sure it goes where you need it. Instead of having to wait for weeks or even months for your check to arrive in the mail, you can simply file this form to send your refund straight to your checking or savings account, depending on where you’d like for the money to go. You can also allocate just part of your refund to a single account, easily splitting the amount so you can manage your money according to your needs.