IRS Form 2848: A Guide to Power of Attorney for Tax Matters
When dealing with tax matters, you might need someone else to handle things for you. Whether you're facing an audit,…
TaxAct Blog: Explore All Articles
Direct vs. Indirect Expenses: What’s the Difference?
Categorizing your business costs into direct expenses and indirect expenses is essential for tax purposes. But how do you know…
Cash App® Taxes Explained: 1099, IRS Rules & Filing
Cash App® is an easy way to send and receive money, but are there tax implications when using it? While…
Are Zelle® Payments Taxable?: Zelle® Taxes Explained
Services like Zelle® are a quick, convenient, and accessible way to send and receive money without needing a trip to the…
PayPal Taxes: How PayPal IRS Reporting and 1099 Rules Work
Using PayPal® makes sending and receiving money easy, whether you’re splitting dinner, running a small business, or getting paid as…
What Happens If You Don’t File Taxes?
Updated for tax year 2025. It’s easy to put off your tax filing, especially when life gets busy. But if…
Venmo Taxes: What You Need to Know Before You File
Sending money through Venmo® is quick and casual, but when tax season rolls around, things can get complicated. Whether you’re…
What Is Short-Term Capital Gains Tax?: A Guide to Rates and Brackets
If you’re thinking about selling capital assets, like stocks, crypto, real estate, or another investment, you’re probably wondering how much…
12 FAQs About Tax Extensions
Life doesn’t always cooperate when tax season rolls around. Missing tax documents, unexpected emergencies, or just a complicated tax situation…
Schedule D: Your Guide to Reporting Capital Gains and Losses
If you happened to trade stocks, cash out cryptocurrency, or sell real estate or other capital assets during the tax…
No Tax on Tips: What Tipped Workers Need to Know About the New Deduction
If you rely on tips as part of your paycheck, you’ve likely heard about the new no tax on tips…
Is Canceled Debt Taxable?
Updated for tax year 2025. If a creditor cancels your debt, that’s good news, right? Such cancellation of debt usually…