I need to reduce the amount I owe at the end of the year. What is the difference in claiming different amounts on the W-2 during the year?

March 6th, 2024

I accidentally claimed my son on my taxes even though he lived with my ex-husband for the full year. My ex-husband's wife wants to file electronically with my son on their tax return for a quicker refund. Can I electronically file a form to release the exemption so they can file electronically, and if so, would the IRS recalculate their refund to show my son as their dependent?

March 6th, 2023

How much tax do I need to pay on $32,000 per annum?

October 29th, 2024

I work in a casino where the IRS tip agreement was recently adjusted to a higher percentage, resulting in a 15.3% rate after a mandatory 5% tip out. I did not agree to this rate, and it is not accurate. Management and the casino's IRS contact will not help. I am being taxed on income I did not make. What should be my next step? Should I keep accurate numbers and adjust income come tax time, or back out of the tip compliance agreement, even though the IRS contact warned me that I would likely be audited every year if I did so?

March 4th, 2024

I have a small business (sole proprietorship) where I coach young kids in basketball. I pay a coach a monthly fee. He is not an employee, but he is preparing his taxes and needs a form stating how much I have paid him. What form should I provide, and am I late in filing it?

January 7th, 2024