Qualifying Surviving Spouse Eligibility The qualifying spouse filing status, previously known as the qualifying widow(er) status, is a tax-filing option available to individuals who have lost their spouse. You can use qualifying spouse for the two tax years after your spouse’s death (not including the year of death). For the year of death, you may […]
Can I Claim an Energy Tax Credit?
As homeowners and drivers look for ways to cut energy costs, save money on upgrades, and transition into cleaner technology, federal energy tax credits continue to play a major role. But in 2025, the rules look different from previous years. Due to the One Big Beautiful Bill, all major energy credits now expire by the end of […]
How to File Back Taxes with Missing W-2s or 1099s
Filing back taxes can already be stressful but doing it when you’re missing W-2s or 1099s adds another layer of complexity. The IRS still requires an accurate return even if documents are late, lost, or never provided. Fortunately, there is a clear process to follow. This guide explains what to do step-by-step, how to request missing forms, what your filing options are, and […]
10 Warning Signs of Tax Identity Theft You Shouldn’t Ignore
Tax identity theft is one of the fastest-growing forms of fraud, and most victims don’t realize anything is wrong until the IRS rejects their tax return or sends a notice about income they never earned. Because scammers often strike early in the filing season, your best defense is being able to spot the early signs of tax identity […]
What is Schedule K-1?
Schedule K-1 is a crucial tax form for anyone involved in partnerships, S corporations, or certain trusts and estates. Traditional tax forms, like the W-2 or 1099, report income directly to individual taxpayers. However, Schedule K-1 reports a taxpayer’s share of income, deductions, and credits from pass-through entities. Understanding how this form works and the […]
What is Form 1099-DA?
The tax landscape for digital assets is rapidly changing, and at the center of that change is a brand-new reporting form: Form 1099-DA. If you’ve traded cryptocurrencies, purchased an NFT, or even experimented with stablecoins, you’ll soon be hearing a lot about this form. Investors and brokers alike need to understand what it is, why […]