Tax Information

Tax season starts the second the clock strikes midnight on December 31. Most Americans, though, wait until W-2 forms arrive. These tax documents provide wage and withholding information....

You can file your federal taxes as early as Jan. 1 if you have all the necessary documents. The Internal Revenue Service has set Jan. 16 as the first day you can file using e-file, its electronic...

Past years tax returns can be filed for Federal taxes with the IRS and for State taxes with the State Finance department. Filing previous years’ tax returns is important even when the taxpayer...

Food and beverage servers are paid far below minimum wage by restaurants and bars because of their earnings from tips. Servers pay taxes on tips by declaring the amount of tip earnings from each...

Personal income tax is the information found on your W-2 form, which reports your wages and the taxes that are withheld from them. It can be found in the blanks on your W-2 form that indicate...

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...

Thanks to modern technology, you can do many things online, including paying bills and filing taxes. You can even look up your W-2 information online if your employer offers your W-2 information...

Many people file their taxes online now, thanks to modern technology, but most people still receive their W-2s traditionally. Why not go completely paperless and receive your W-2 tax documentation...

Because of withholding, some individuals get a refund on their taxes. Tax withholding, which started in 1943, requires estimated tax payments during the year. They're made by your employer based...

The W-2 and the 1099 are two IRS tax forms used to report income for work done by individuals. W-2 forms are managed by the employer of a worker in a company. 1099 forms are given by a company to...

An employer reports employee wages to the Social Security Administration by submitting Copy A of Internal Revenue Service Form W-2. He also must submit a corresponding Form W-3, or Transmittal of...

If you are an employee and received an incorrect or incomplete W-2 form from your employer and it is before February 15 of the calendar year, you must contact them and request that they amend it...

Calculating your taxes is a very simple process as a W-2 employee. Using The IRS 1040EZ form, which is only one page in length, you can quickly and easily figure out your tax refund or burden for...

Every year, your employer must provide you with a W-2 form to use when filing your taxes. This form lists how much you were paid and the amount of taxes withheld from your pay. If you don't...

Estimating your taxes to find out how much you may owe can be done using computer software and various online sites. Many online sites offer a tax calculator or estimator to determine how much...

If you are asking about claiming, "Exempt" on a W-2 form, you have less knowledge about taxes than you think. A W-2 is the form that an employee receives from an employer at the end of the fiscal...

InvestorWords.com, a web-based investing glossary, describes back taxes as any tax not paid to the IRS by April 16 of each tax year. Having a past-due tax bill can create many problems such as...

If you have lost your W-2 form, you don't have the essential information you need to file your federal income taxes. Although you might have to wait a bit longer to file your taxes, you can...

During the year, your employer will withhold money from your paycheck to go toward your federal and state income taxes at the end of the year. If you fear your employer has not withheld enough...

If you work for an employer and pay income tax, the most important tax document for you is known as the W-2. The W-2 summarizes your entire wages and income tax deducted from your employer....

A W-2 form is used to report an employee's annual wages and also the amount of taxes withheld from income. W-2 forms are also used by the Social Security Administration when FICA tax payments are...

A W-2 statement is a form that employees receive at the end of each year showing how much money they earned and how much they paid in taxes and had withheld for savings plans. These are needed in...

Finding out how much money is being withheld from your paychecks for taxes is important, because it will determine how much taxes you owe, or how much of a refund you're entitled to, when you file...

We all know how important it is to retain old tax documents for our personal records, but occasionally documents are lost or damaged while we still need the information on them. Luckily your taxes...

Military pay, both active duty and retirement, is deposited monthly using electronic funds transfer, so you won't usually see a hard copy of your earnings. However, if you need to obtain hard copy...

The W-2 form is a Wage and Tax statement you receive at the end of each year. It contains information about income earned and taxes withheld in the previous year. The amount withheld for taxes...

Filing an income tax return can be stressful to many Americans. Even the simplest of tax forms are filled with a dizzying array of questions that can leave the staunchest of city slickers...

April brings a number of frustrations to the average American, including taxes. Get motivated this year and organize your documents in advance to keep from stressing out come tax season. Any...

State Employer Identification Numbers (EINs) are tax identification numbers assigned to businesses operating in states that collect personal income taxes. This number is different from the tax...

The IRS W-2 form is the wage and tax statement you must fill out when starting a new job. This form is then copied and sent to the IRS. Most employers give you the actual W-2 form to fill out;...

If you've lost a previous tax return or W-2, you can order a duplicate copy from the IRS. This is called a transcript; the IRS does not charge a fee to process the order, and you can expect to...

How to Prepare and File Your Own Tax Returns Using TurboTax. Many people consistently pay accountants to file their tax returns for them without realizing how simple it is to do on your own with...

The federal tax system is a pay as you go system, meaning that as you earn income, money is set aside by your employer to pay your estimated tax bill at the end of the year. Many times, because of...

If you are anticipating a refund on your federal taxes, the earliest date to file is anytime after January 1 when you have obtained your W-2s or 1099s from the prior year. Employers are required...

Many people pay others to prepare their taxes simply so they do not have to deal with the hassle of learning tax laws and doing math. If you have a complicated tax situation as a tax professional...

Military salaries consist of pay---such as base pay, bonus pay, proficiency pay and combat pay---and allowances, including housing and subsistence allowances. The rule for paying taxes is that...

Your W-2 is a critical document when preparing your taxes each year. It includes information about the wages you earned. The taxes withheld from your wages are also included on the W-2. Before...

Each employer worked for is required to provide a W-2 wage statement before February of the year after the year in which wages were earned. If an employer does not provide a W-2 or it is lost in...

If your employer provides a company vehicle for you to use when conducting company business, you may be wondering what tax consequences the arrangement will have. The right time to ask this...

Every year, you sit down to fill out your taxes and see if you will have a refund coming or if you will owe money to the government. You will need all 1099 forms, W-2 forms and any other documents...

Alabama collects income tax on households with a gross income over $5,250 (filing separately) or $10,500 (couples filing jointly). The tax rate ranges from two to five percent. To file Alabama...

From January 1 to April 15 is the time when most people clamor to have their taxes prepared. Taxes must be postmarked by April 15 for the taxpayer to avoid penalty. As a taxpayer, it helps if you...

Employers send their W-2 forms to their employees at the beginning every year so that employees can report their income on their taxes. But sometimes these forms get lost in the mail or by the...

Filing your annual income tax return does not have to be arduous and time-consuming. Even though it is not the most fun you will ever have, individual income tax instructions can make the process...

By April 15 of every year, you file tax returns with the Internal Revenue Service (IRS) and your state so they know how much you earned and how much tax you need to pay. But how do they know that...

If you have filed your tax returns and realize afterwards that you forgot to enter a W-2, 1099 or any other tax information that could change your refund amount or the amount that you owe to the...

If you believe you owe back taxes to the Internal Revenue Service, you should do your best to find out immediately the amount of tax, penalty and interest owed and work out some kind of payment...

R&D or "research and development" has been acknowledged as an integral part of business and industry since 1981 by the IRS (Internal Revenue Service). The rules are somewhat confusing for...

The Internet allows you to e-file your taxes online so that you can get a refund quicker or pay what you owe online. However, some problems can arise when you use the IRS e-file program. You...

IRS tax forms can be confusing and difficult to understand. There are several ways to make filing taxes with tax forms easier.