Tax Filing

If you haven't filed tax returns for one or more years, it is important to file the returns as soon as you can. Refundable income tax can only be claimed for three years from the original filing...

Many careers, such as reporting, consulting and serving in the military, require extensive travel. Often, individuals in these fields may be stationed and required to work in a particular state...

Filing taxes as a self-employed musician can be frustrating, as there are many rules pertaining to self-employment and what you can deduct as a musician. But if you keep a good record of your...

Filing annual income tax returns is a necessary chore that crops up every April. Fortunately, technology has made this task infinitely easier. Rather than painstakingly filling out paper forms and...

As an independent contractor, you are responsible for filing your own local, state and federal taxes. Your independent contractor status means you exist as a business entity, with your own gross...

If you're new to the United States, sooner or later you will hear people griping, fretting and worrying about filing their taxes. Don't worry. Paying taxes gets everyone in a tizzy. Filing is easy.

The retirement planning system known as an IRA or individual retirement account has grown in popularity because of the tax-deductible nature of the traditional IRA and the tax-free nature of the...

Calculating your taxes and filing status is not hard to do, but there are numerous steps to go through and many rules and regulations to follow. Always refer to the IRS instructions for...

Employers often mail W-2 forms to employees late, or not at all. Although you can call the IRS to request that they lean on your employer, there is no guarantee that your employer will send your...

If you have children or provide care for your parents, you have dependents. Those dependents can provide you with additional deductions from your income. It's not hard to take the deduction. You...

Changing your filing status from single to married is one of the first things a new couple will be required to do. Thankfully, the process for filing a tax return together versus alone requires...

For many people, online poker is not just a hobby, it is a career. You may not be earning enough to consider yourself a full-time online poker player, but if you have won money playing poker...

Married taxpayers sometimes want or need to file separate tax returns rather than filing jointly. Most are unsure of how they should divide the income and deductions to utilize the Married Filing...

Quarterly estimated taxes cover income taxes and self-employment taxes for people who have earned income during the year that has not been subjected to tax withholding. Examples of this may...

Filling in tax forms can be a daunting task no matter how old you are, and the form that you are required to complete will depend upon your individual financial circumstances. The Internal Revenue...

The ominous deadline seems to be approaching at a pace resembling that of an Olympic sprinter striving for the gold in the 100-meter dash. Just mentioning the date of April 15 is enough to send a...

During the year, employers withhold part of their employees' paychecks to be put aside for taxes. If you are self-employed or an independent contractor, you make those payments yourself. At the...

Income taxes or extensions must be filed to the Internal Revenue Service (IRS) by April 15 annually. An exception to this rule comes when the 15th falls on a Saturday or Sunday (nonbusiness...

Veterans, military personnel and their families may be eligible for free tax help. The IRS announced the 2009 income guidelines for Free File online. Additionally, the Volunteer Income Tax...

Tax season comes around once a year and everyone has to deal with it. There are many ways to figure out how much you owe in taxes every year, ranging from figuring it out yourself online, through...

Free is the cheapest way to file your federal income tax returns. The Internal Revenue Service (IRS) does not charge to accept income tax returns that are submitted online, via traditional mail or...

The image of IRS agents clad in jet black suits, knocking on your front door does not appeal to many Americans during these economic times. However, based on your current financial status, you...

When filing your individual tax return, knowing where to report various types of information can be confusing. When Social Security enters the picture, the task is even more daunting. It is...

You may be surprised to discover your Social Security benefits can actually be income that may be taxed. Although it ultimately depends on how much outside income you earn on top of your benefits,...

Every year people all over the United States file a tax return to determine the amount of money they owe the government. This money is used to provide services to all U.S. citizens and residents....

Social security is a benefit many Americans depend on each and every month. If you are one of these individuals and social security is your only form of income you do not need to file a federal...

Indiana, like most other states, requires most people working and/or living in the state to file tax returns. This is separate from the federal tax return usually required by the Internal Revenue...

According to Internal Revenue Service as of 2009, whether or not a taxpayer is required to file an income tax return is determined mostly by whether or not the taxpayer's income falls above or...

It can be a frustrating feeling for the taxpayer to realize that even though he qualifies for a refund on his state income tax that part of the refund returns to the state as a "convenience fee"...

The IRS Code contains 265 areas that pertain to churches. The amount of income tax paid by pastors can be reduced by preparing a compensation plan in December for the following year. The IRS is...

Ben Franklin said it best: "In this world nothing is certain but death and taxes". Preparing personal income taxes is a yearly chore most citizens dread. But it needn't be a stressful event with...

A multi-step income statement is one of the financial statement required by the GAAP, which measure the earning performances of a company over time. Find out how to do a multi-step income...

There are numerous variations of IRS Form 1099. A 1099-MISC is used to denote miscellaneous income, including but not limited to payments made for royalty, rents and services. At year's end, any...

You can save money when filing your taxes by taking advantage of the electronic filing programs offered by the Internal Revenue Service. You must meet certain requirements, and these programs let...

According to the Internal Revenue Service, credits, exemptions, and payments comprise the types of claims which can be included on income tax returns. Each type of claim lowers the dollar amount...

When filing taxes in Minnesota, you should know what the income filing requirements are for each filing status. If one meets any of these filing requirements, he must file the Minnesota Form M1 if...

E-filing (electronic filing) of income taxes is now the most popular method of submitting tax returns. When you e-file income taxes, you usually get any refund faster (as little as 10 days). You...

People living in Canada can prepare and file a Canadian tax return for free online using the available software called UFile if they meet the requirements. Tax filing is made easier by allowing...

Filing taxes can be a complicated process. For those that are not paid through a weekly paycheck from an employer, filing can become even more complicated. Independent contractors and freelancers...

All U.S. citizens living and working abroad are required to file yearly tax returns regardless of whether or not they receive a W-2. If certain qualifications are met, however, you may be exempt...

Death in the family typically initiates many questions including what to do about taxes. One reason states in the U.S. mandate that courts supervise estate settlements is to be certain that taxes...

The first income tax in the United States levied a maximum of 7 percent and only 1 percent of the population paid any taxes in 1913. Today, the tax brackets are wider and many more people are...

The federal government relied on personal income taxes for almost half of its revenue in 2008, according to the Tax Policy Center. To make sure people are paying the taxes they owe, the Internal...

Personal income tax accounted for about 45 percent of income for the federal government, according to the Tax Policy Center. Tax evasion is illegal, but you can reduce the amount you owe through...

Individuals in the United States are progressively taxed. This means that the amount of tax due by the payee goes up as the amount to be taxed increases. In other words, the more you make, the...

The cost of filing an income tax return depends on your return's complexity. There is no filing fee associated with the government, but you usually have to pay someone to correctly prepare your...

Filing annual tax returns is a requirement for many Americans. Individuals receiving federal benefits such as Supplemental Security Income (SSI) oftentimes wonder about the tax effect of the...

Social Security benefits can be a complicated issue when preparing any tax return. In some cases, children also receive Social Security, which can make matters even more difficult. Although...

Although there are few tax-assistance programs set up specifically for the disabled, you may qualify for help based on your income. Since the IRS estimates that 70 percent of taxpayers' incomes...

Federal taxes must be filed once per year for anyone receiving income through employment or dividends. The deadline is April 15th. Income tax paperwork can be filled out by the person filing or a...