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All U.S. citizens are required to file income tax form 1040 with the Internal Revenue Service (IRS) on a yearly basis. Although payroll taxes collect an assumed percentage of tax liability from paychecks, you may find that you owe taxes after filling out a 1040 form. If you are someone who has allowed several years of this type of tax... more »
According to the Internal Revenue Service (IRS), all citizens and residents of the Untied States and Puerto Rico must file income taxes if they fall into one the federal categories listed by the IRS even if they don't owe any taxes. The categories cover just about everyone and include individuals, dependents, full-time students,... more »
Insurance companies, banks and mortgage companies often ask for tax information as part of their application process. If you cannot locate a copy of your tax return from last year, you can obtain a copy from the Internal Revenue Service (IRS). more »
When it comes to paying taxes, almost everyone experiences feelings of anxiety. If you owe back taxes to the IRS, these feeling of anxiety are likely compounded when tax time roles around---and even before. Read on to learn about IRS back tax relief tips and strategies. more »
Selling a piece of real estate doesn't necessarily have to translate into reporting a substantial capital gain. The government has provided a set of rules that allow property owners to defer gains on real estate under certain conditions. more »
Federal income tax refunds are payments made to taxpayers each year who paid too much into the system during the previous year. These payments are... more »
According to the Internal Revenue Service (IRS), Form 1040 can be used to report joint filing for married couples or to report single filings.... more »
The Internal Revenue Service (IRS) collects taxes to fund the federal budget which supports human services, national defense, Social Security and... more »
Filing income taxes and claiming income isn't nearly as intimidating and difficult as some people make it sound. You just have to be able to read... more »
Have you ever had your wages garnished by the IRS for unpaid taxes? Not only is it a nuisance, it can create major problems for you with your... more »
If you are self-employed, or even if you also work for an employer, there are special tax-filing rules you must follow. For 2009, sole proprietors... more »
Careers have changed in the past few decades. Many companies have chosen to shift some of their workloads to contract employees or independent... more »
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