With the tax season still ongoing but the April 15 deadline for filing on the horizon, TurboTax tax expert CPA Lisa Greene-Lewis joins Wealth with Brad Smith to provide an overview of some common tax ...

Withholding tax is deducted from employee wages to prepay state and federal taxes. Different types apply, including for income, Social Security, and Medicare. To calculate, adjust for allowances ...

Depreciation is a way of allocating the cost of the asset over its expected usable life by expensing a portion of the cost over several years. This accounting method provides a tax deduction while ...

Form 8843 is not a U.S. income tax return. It is an informational statement required by the IRS for nonresidents for tax purposes. It should be filled out for every nonresident present in the U.S. for ...