Teenagers generally don’t want to think about taxes. (Neither do adults, for that matter.) It’s eye-opening enough entering the working world and seeing all the taxes taken out of each paycheck. Unfortunately for your teen and others, if they worked a job with taxable income, they must file federal income tax forms. Luckily, they’ll most [...]
Tax Forms
Everyone wants to be able to fill out tax forms 1040EZ. They are the easiest of the personal income tax forms and take the least amount of time. However, not all taxpayers can use these simple forms. Not only are there several requirements you must meet to be able to file them, others are unable [...]
It seems like someone who has died shouldn’t have to file taxes. However, that isn’t the case. The deceased person is still responsible for the income they made the prior year. Therefore, they are also responsible for the taxes they owe or are due. The responsibility of filing goes to whoever is in charge of [...]
Until the 1040EZ was introduced, the 1040A was the “easy” version of the 1040 federal tax forms. While not as quick and simple as the 1040EZ, the 1040A is still much simpler than the regular 1040. Many taxpayers are still able to use it and save time and energy. However, like the tax forms 1040EZ, [...]
There are several dates to remember in this upcoming calendar year. They aren’t just for filing taxes, either. Make sure you keep up with these dates throughout the year. Next to the dates are the forms you’ll need to complete the tasks. January 10 If you got more than $20 in tips during December, you [...]
As usual, there are quite a few changes in the tax laws to take into account this tax season. These changes can greatly affect how much money goes into your pocket after you finish filing. Here is a list of some of the major ones to think about as you fill out your 2010 federal [...]
Any non-resident workers living in the United States must still file their taxes come tax season. As they are non-residents, they must use different federal income tax forms than residents do. These taxpayers should pick up the 1040NR tax forms. There is also the 1040NR-EZ, which is the short and easy form of the 1040NR. [...]
The 1040 series of federal income tax forms are the starting point for personal federal income tax returns. There are three different versions of these federal income tax forms: the original 1040s, the slightly more complicated 1040As, or the simplest – tax forms 1040EZ. Which version should you use? Tax Forms – 1040EZ Tax forms [...]
There are several different options when it comes to tax forms for your business. Most depend on your exact taxable profit and loss. Here is a handy list to decide which 2010 federal tax forms you need. C-Corporation If your business is registered as a C-Corporation, then you need to pick up the 1120 set [...]
The 2010 tax forms you must file as a married person can vary depending on how you and your spouse are filing. There are certain tax forms that you can’t use if you are filing as married but filing separately. However, there are three 2010 tax forms you can choose from. They are the 1040, [...]
