Individual Tax - XOATAX Site3

How to Handle 1099 Income You Don’t Recognize

Individual TaxNovember 12, 20240Comments

It can be alarming to discover a 1099 form reporting income you don't recognize, especially as tax season approaches. Whether it's a 1099-NEC for independent contracting, a 1099-INT for interest income, or any other type of 1099, it's essential to address the discrepancy and report your income accurately to the IRS. At XOA TAX, we…

Don’t Make These Tax Mistakes in 2025!

Individual Tax, Individual Tax PreparationNovember 11, 20240Comments

Tax season. Two words that can send shivers down anyone's spine. But with a little foresight and planning, you can avoid common pitfalls that lead to stress and potential penalties. As CPAs at XOA TAX, we've seen it all, and we're here to help you navigate the 2024 tax year with confidence. Key Takeaways The…

How the IRS Verifies & How to Claim Your Solar Tax Credit: A Comprehensive Guide (2024)

Individual Tax, Tax CreditNovember 11, 20240Comments

Maximize your tax savings in 2024 by learning how the Residential Clean Energy Credit can significantly reduce the cost of installing a solar energy system for your home.

Why IRS Audit Support Matters In Tax Service?

Business Tax, Individual TaxNovember 11, 20240Comments

Navigating an IRS audit can be daunting, but expert audit support from XOA TAX provides crucial guidance and representation, minimizing risks and ensuring a smoother, more favorable outcome.

Disaster Tax Relief: Navigating IRS Extensions & Assistance

Individual Tax, NewsNovember 11, 20240Comments

This year has seen a series of devastating natural disasters across the United States. From hurricanes to floods, many individuals and businesses are facing immense challenges. We know how stressful dealing with taxes can be, especially when recovering from a natural disaster. At XOA TAX, we're committed to helping you through this difficult time. We're…

Navigating Tax Obligations for Canadian Students on F-1 Visas in the U.S.

International Tax, Individual TaxNovember 10, 20240Comments

The United States welcomes thousands of Canadian students each year, many of whom arrive on F-1 student visas to pursue their academic dreams. While navigating a new education system and culture can be exciting, it's essential to understand your tax responsibilities. This guide will help Canadian students on F-1 visas understand their tax obligations in…

Understanding the Tax Implications of Transferring Joint Brokerage Accounts

Tax Planning, Estate Planning, Financial Planning, Wealth ManagementNovember 10, 20240Comments

Transferring assets from a joint brokerage account to an individual account is a common strategy used in estate planning, gifting, or simply managing personal finances. However, it's important to be aware of the potential tax consequences before making any changes. This article will guide you through the key tax considerations involved in transferring joint brokerage…

Filling Out a W-4: A Guide for Multiple Jobs and Non-Traditional Income (Like Caregiving)

Payroll, Financial Planning, Individual Tax, Tax PlanningNovember 10, 20240Comments

Do you juggle multiple jobs or have income from sources like caregiving? If so, you might be wondering how to accurately fill out your W-4 form. At XOA TAX, we often hear from clients who find this process a bit confusing. This comprehensive guide will walk you through the steps and ensure you're withholding the…

Navigating Taxes for Young Online Sellers: A Guide for Teens and Parents

Individual TaxNovember 10, 20240Comments

Selling items online has become a popular way for teens to earn extra money. Whether it's through platforms like eBay, Depop, or Etsy, young entrepreneurs are finding creative ways to generate income. However, many are unaware of the tax implications that come with online selling. This blog post will break down the essential tax information…

Navigating IRS Penalties: A Guide to Late Tax Filing and Payment

Individual Tax, Business TaxNovember 10, 20240Comments

We all have deadlines, and the IRS is no exception! Life can throw curveballs, and sometimes filing or paying your taxes on time just isn't possible. But don't worry, understanding the penalties involved and knowing how to navigate them can save you a lot of stress (and money!). As CPAs at XOA TAX, we're here…

How to Handle 1099 Income You Don’t Recognize

Don’t Make These Tax Mistakes in 2025!

How the IRS Verifies & How to Claim Your Solar Tax Credit: A Comprehensive Guide (2024)

Why IRS Audit Support Matters In Tax Service?

Disaster Tax Relief: Navigating IRS Extensions & Assistance

Navigating Tax Obligations for Canadian Students on F-1 Visas in the U.S.

Understanding the Tax Implications of Transferring Joint Brokerage Accounts

Filling Out a W-4: A Guide for Multiple Jobs and Non-Traditional Income (Like Caregiving)

Navigating Taxes for Young Online Sellers: A Guide for Teens and Parents

Navigating IRS Penalties: A Guide to Late Tax Filing and Payment

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