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The citizen or resident test helps determine whether you can claim someone as a dependent based on their citizenship or where they lived during the year. Understanding the Citizen or …
What Is the Citizen or Resident Test? – Simple and Easy Explanation Read More
A business is a continuous, regular activity carried out with the main goal of earning income or making a profit. Understanding What a Business Really Is When people hear the …
What Is a Business? – Simple and Easy Explanation Read More
A bonus is extra compensation paid to an employee on top of their regular salary or wages. Understanding What a Bonus Really Is A bonus is one of the most …
What Is a Bonus? – Simple and Easy Explanation Read More
The benefits received principle says people should pay taxes based on how much they benefit from government goods and services. Understanding the Benefits Received Principle When we talk about taxes, …
What Is the Benefits Received Principle? – Simple and Easy Explanation Read More
An Authorized IRS e-file Provider is a business approved by the IRS to submit tax returns electronically on behalf of taxpayers. Understanding What an Authorized IRS e-file Provider Does If …
What Is an Authorized IRS e-file Provider? – Simple and Easy Explanation Read More
A tax appeal lets you ask the IRS to review a decision or proposed adjustment when you believe something is wrong or misunderstood. Understanding What an Appeal Really Means When …
What Is an Appeal in Taxes? – Simple and Easy Explanation Read More
The amount of tax you still owe when your total tax bill is higher than what you’ve already paid. When tax season rolls around, one of the most important numbers …
What Is Amount Due? – Simple and Easy Explanation Read More
A clear look at how your income is calculated for taxes and why it matters for deductions, credits, and overall tax savings. Adjusted gross income, often called AGI, is one …
What Is Adjusted Gross Income? – Simple and Easy Explanation Read More
A tax fairness idea that says people with more income or wealth should contribute more in taxes than those with less. The ability to pay principle is one of the …
What Is Ability to Pay? – A Simple and Easy Explanation Read More