Tax Law

A primary goal of preparing and filing taxes is ensuring that you properly complete the return. Failing to properly complete and then file a tax return results in a delay in the processing of your...

The death of a loved one is an overwhelming experience. As a result, filing taxes for the deceased person, or decedent, is the last thing on many family members' minds. A surviving spouse, the...

When someone dies, a personal representative with authority over the person's financial affairs must take responsibility for filing the deceased person's final income tax returns, along with a tax...

Tax reduction refers to any method that reduces or eliminates taxes. Tax reductions can be temporary or permanent, can be applied individually or to the masses, and are almost always the result of...

Filing federal tax returns can be challenging and confusing. One issue is making certain you provide the IRS with appropriate documentation for your tax return. For example, you may be wondering...

When you earn money working in the United States, you have to think about income tax laws. Income taxes are filed on your own, which means it is up to you to make sure they get filed. Nobody will...

Taxes on personal income in the United States have been in existence since the Civil War. Today, we are required to file a federal income tax return to pay taxes on the income we have made during...

The duty to file tax returns and pay U.S. federal income tax trips up many people every year. First-time filers need to know some of the basic filing procedures and should be prepared to handle...

Keeping good records is an important part of filing accurate income tax returns. Records should be retained even after taxes are filed, in case of an audit or if a correction needs to be made to...

Most U.S. citizens and resident aliens must file a tax return, such as a 1040, 1040A or 1040EZ. The purpose of the tax return is to calculate income tax liability, if any, and declare that...

An IRS form 1099 is an information return. The 1099-INT provides information regarding interest income earned during the year.

All working U.S. citizens or resident aliens must file a tax return at the end of the year. The tax return will calculate how much money, if any, they owe in federal income taxes.

Nearly every United States citizen and resident alien must file a tax return at the end of each year, unless your income falls below a certain level. Even if you don't earn enough money to pay...

Unfortunately, there are a myriad possible problems you might have with the IRS. Six of the most common are: failure to file or pay on time, failure to file when you owe no taxes, making a mistake...

The field of tax preparation has limited barriers keeping people with little to no experience from becoming tax preparers. For instance, a Certified Public Accountant who has been an auditor his...

From time to time, people forget to file their taxes, run out of time while preparing them, or just decide that they don't want to file. If you need more time, you can ask for an extension. But if...

Filing your annual tax return can be a frustrating and nerve-wracking experience. However, you may be eligible for a refund on your last return. A tax refund, sometimes referred to as a tax...

If you are due a refund from the Internal Revenue Service (IRS), then it is common to want to know what hte next steps are after you have submitted your return. Once the IRS receives your return,...

If you haven't filed a tax return, the Internal Revenue Service will file one for you. This is called a "substitute for return," known as an SFR. When the IRS prepares a SFR, it will use all...

Many companies help taxpayers prepare and file their income taxes on the Internet. You can e-file or mail a return after completing online, run an error check, have the calculations done for you...

When it comes to federal income taxes, you should consider two things at the end of each year. First, you should decide whether the law requires you to file an income tax return, and second, you...

Filing a federal individual income tax return can be a tricky business for beginners. Overestimate your taxes and you may never see a refund of your overpayment, particularly if you don't realize...

You may have earned no income last year, or your income may be so low that you do not owe the Internal Revenue Service any taxes. Nevertheless, whether or not you have to file a tax return is...

If you haven't filed tax returns for several years or for a certain year, it's imperative that you do so. When it comes to tax returns, it's not a question how far back you can file your...

If you haven't filed a tax return in many years or if you neglected to file a return for a particular year, you have good reason to worry. When it comes to looking for unfiled taxes, the Internal...

The filing of a U.S. federal individual income tax return is subject to a number of rules. Although it may seem complex at first, only a few of them need to be mastered by most taxpayers. You will...

If you earn a certain yearly income, then you are required to file a federal income tax return. Depending on the state you live or work in, you may also have to file a state income tax return. The...

Sometimes situations occur that make it difficult to file taxes. Maybe you have an extremely busy lifestyle, or you just weren't as responsible then as you are now. Perhaps you misplaced a W-2 or...

If you are filing your IRS income tax return for the first time, or if you are dealing with a sudden increase in the complexity of your finances due to a dramatic increase in income, you may be...

If you make a mistake on your tax return and you later discover that mistake, you need to file a 1040X amended tax return. The IRS provides instructions for the 1040X, but those instructions are...

You tax return is not the place to change your address. But, it's important that the address on your return be correct. If it has recently changed, use the current address on your return. The best...

Most people can file their tax return electronically. Filing electronically saves time because you don't have to wait for the mail. Additionally, filing online provides an electronic record of you...

IRS Form W-2 is essential for most U.S. tax returns. The W-2 not only contains crucial figures such as an employee's total wages or salary and the amount withheld, it also has the employer's tax...

IRS Form 1040X is designed to allow you to amend your tax return in case your original filing was incorrect for some reason. If you uncover an error on your tax return, it is a good idea to file...

A W-2 is a tax information statement filed by your employer with the IRS at the end of each year. The W-2 reports to the IRS a summary of your tax information for the year.

If you earn an income and have wages or other benefits taxed or withheld by an employer, you must file a tax return for that tax year. Based on your individual tax bracket and the number of...

If you have filed your federal tax return and discover an error, you should report that error to the Internal Revenue Service by filing an amended tax return. An amended return is required by the...

If you ever make a mistake on a tax return, you need to correct the mistake. And you need to correct the mistake soon, because you might have to pay late penalties and interest if the mistake...

Form 1040X exists because everyone makes a mistake sometimes. If there is any problem with the tax return you file, whether it was your fault or someone else's, you can use 1040X to correct the...

Many people owe back taxes. Once you are past the tax deadline, any day is a good day to file. According to the IRS website, "The IRS wants to get people back into the system, not prosecute...

Most people who work full-time, or even part-time, must file an income tax return. Each year, the Internal Revenue Service, IRS, provides the minimum earned-income information, and if you earned...

If you are wondering whether you must file a federal income tax return, you should consider two things. First, you should consider whether you are legally required to file. Second, you should...

Taxable income, not age, is what determines when a child needs to file taxes. If the child is old enough to file his own tax, then he is also responsible for paying taxes that are due. However, if...

The Internal Revenue Service uses Series 1099 forms to gather information about individual taxpayers. There are numerous types of 1099 forms, but the purpose of them is the same: to provide...

Are you afraid of making a mistake on your taxes? Are you afraid that you already have? Don't worry. There is a simple procedure to correct your tax return. You can file an amended tax return...

It happens to the best of us. Records become lost, destroyed or misplaced due to fire, flood, moving mishaps or just plain organizational inefficiency. Then, one day when you are facing a loan or...

An IRS audit is a detailed inspection of tax liability, usually carried out on individuals or businesses with high income and inexplicable discrepancies on their tax returns. The main purpose of...

Sometimes, it isn't possible to file or pay taxes by April 15. If you don't request an extension, you could be facing some significant financial penalties.

In the United States, April 15 of each year is known as Tax Day, the date when all federal income tax returns are due to the Internal Revenue Service (IRS). But yearly thousands of U.S. taxpayers...

You've look high and low but you can't find last years tax return. Don't worry, you can actually get a copy of last years tax return from the IRS. Read on to learn how.