Tax guidance and resources

Latest Articles

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  The 9 best tips to help you prepare for tax-filing season

  Do all you can to reduce your tax bill, even if your financial situation is simple and straightforward.

  7 min read Nov 05, 2021
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  Gross vs. net income: What’s the difference?

  Learn how these differ and how they both can impact your budget.

  3 min read Nov 04, 2021
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  5 tax deductions for rental property

  You can claim a range of tax deductions related to the running of the property itself and even to running a business.

  3 min read Nov 04, 2021
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  Consumption tax: What it is and how it works

  A consumption tax is one that applies to the sale or purchase of a good or service.

  3 min read Nov 04, 2021
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  Excise tax: What it is and how it works

  Excise taxes apply only to certain products and can be charged either as a percentage of a sale or on a per-unit basis.

  3 min read Nov 03, 2021
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  Inheritance tax: What it is, how it works and how much it is

  Only a handful of states have an inheritance tax, but it’s important to understand how they work.

  3 min read Nov 03, 2021
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  How are unemployment benefits taxed?

  If you receive unemployment benefits, you must pay taxes on that income.

  3 min read Nov 03, 2021
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  Inheritance tax: Here’s who pays it and in which states

  If you’re hoping to pass on wealth to a loved one, you’ll need to know how the inheritance tax works.

  4 min read Nov 02, 2021
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  What is adjusted gross income (AGI)?

  Your adjusted gross income is unique to you and can be found on your Form 1040.

  2 min read Nov 02, 2021
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  Arizona state taxes 2021: Income and sales tax rates

  Arizona has four income tax brackets for filers.

  2 min read Nov 01, 2021
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  What tax credits can I qualify for this year?

  Tax credits can create substantial savings on your taxes.

  5 min read Nov 01, 2021
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  What is the penalty for failure to file taxes?

  IRS penalties for failure to file or pay taxes are onerous. Here’s what you must do.

  2 min read Oct 22, 2021
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  When to hire a tax attorney

  A tax attorney can help with trust and estate planning, settling tax disputes and more.

  3 min read Oct 22, 2021
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  What is the Internal Revenue Service (IRS) and what does it do?

  The IRS is responsible for assessing and collecting tax revenue in the United States.

  4 min read Oct 21, 2021
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  Sales tax: Definition, how it works and how to calculate it

  Sales tax is a type of consumption tax, meaning it taxes people for spending money

  3 min read Oct 21, 2021
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  Sin tax: What it is, how it works and examples

  A sin tax is a tax levied on a specific activity or good that is deemed harmful to individuals or society.

  3 min read Oct 21, 2021
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  Tax Identification Number (TIN): What it is and how to get it

  A TIN is a nine-digit tracking number assigned and used to identify a taxpayer.

  2 min read Oct 20, 2021
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  Child tax credit 2021: How to qualify and how much you’ll get

  Nearly 36 million Americans are eligible for the expanded credit.

  5 min read Oct 20, 2021
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  What is gross income? How it works and why it’s important

  A person’s gross income is used to determine how much they have to pay toward federal and state income taxes.

  3 min read Oct 18, 2021
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  Modified adjusted gross income (MAGI): What it is and how to calculate it

  You’ll need to know your MAGI to determine whether you qualify for certain tax benefits.

  2 min read Oct 18, 2021