Tax Tips & Information: Video Series

Federal income tax deductions for self-employed business can include the cost goods and products, rent for a business, office supplies and mileage for a business car. Document tax deductions carefully in case of an audit with advice from a tax consultant in this free video on federal taxes.

Tax deductions for a hybrid car purchase must meet several criteria generated by the IRS. The car must be on a qualified list of hybrid cars, and it must be used for personal or business uses. Find out how to get information on the amount of a hybrid car tax deduction with information from a tax consultant in this free video on tax deductions.

There are two main tax deductions for college--the Hope Learning Credit is good for up to $1,800 for the first two years of college, and the Lifetime learning credit is good for $2,000 for several years of college. Deduct the interest paid on student loans with instructions from a tax consultant in this free video on taxes.

A W4 tax form is the formed filled out by new employees that informs the employer of how many deductions and withholdings to take out of the employees check each week. Avoid taking all available deductions on a W4, as it may end up costing you money during tax season, with advice from a tax consultant in this free video on taxes.

Whether disability benefits are taxable will depend on the type of benefit, who is paying the premiums on the policy and what type of disability is being collected. Contact the office that is administering the disability benefits to find out about tax information with tips from a tax consultant in this free video on taxes.

Hobby expenses are deductible under federal income tax laws if the hobby has been turned into a sideline business that can show a profit for three of the past five years. Take deductions for a hobby up to the amount of the gross receipts with information from a tax consultant in this free video on taxes.

Tax write-offs work by allowing individuals to claim an expense and reduce the total adjusted gross income that can be taxed by the federal or state government. Find tax write-offs and tax credits to reduce the amount of taxes paid each year with help from a tax consultant in this free video on taxes.

Calculate federal income tax that needs to be paid to the IRS by using a 1040, 1040A or 1040EZ form, finding your taxable income in the table, choosing a tax status and locating the amount of taxes that are owed. Find out how much to pay in taxes each years with help from a tax consultant in this free video on taxes.

Filing a tax return will require filling out either a 1040, 1040A or 1040EZ form with income information, deductions and dependent information. Choose the tax form that will be simplest for your situation with help from a tax consultant in this free video on taxes.

File late taxes by using the same forms that are used for regular tax filings and then contacting the IRS to discuss payment options and penalties. Avoid putting off doing taxes just because payment would be difficult with advice from a tax consultant in this free video on taxes.

Filing a tax return in two states requires finding out what forms are required for different states, keeping track of what income was made in each state and discussing options with IRS representatives in each state. Be sure to keep track of what type of income was made in each state with insight from a tax consultant in this free video on taxes.

To file taxes for previous years, obtain the proper forms, fill out the tax information, make sure that the forms are sent to the appropriate office, and make arrangements for paying penalties. Avoid filing late just to avoid paying taxes, as it often leads to large fines and penalties, with advice from a tax consultant in this free video on taxes.

File taxes for past years by filling out the tax forms as soon as possible and contacting the IRS about penalties and payment options. Don't lose a potential refund by not filing taxes on time with tips from a tax consultant in this free video on taxes.

Filing taxes on benefits will requires determining what type of benefit has been received, reading the instructions for the benefit line on the tax form and listing the information within the specified line. Look around lines 15 through 20 on a 1040 tax form to file benefit information with insight from a tax consultant in this free video on taxes.

File extra income taxes after you have already filed your taxes by getting an amended return form, filling out the form and checking the mailing address to ensure the form gets to the right place. Do not ignore a 1099 tax form that comes in late, and consider information from a tax consultant in this free video on taxes.

Find tax forms and instructions by visiting the IRS Web site and clicking on the link for tax form publications. Check with the local library to find tax forms and instructions with advice from a tax consultant in this free video on taxes.

Get a copy of last year's tax forms by filling out a form 4506 and paying any applicable fees. Get a transcript of old tax forms for free by simply calling or e-mailing the IRS with the appropriate information. Find out how far back the IRS keeps tax information and returns with insight from a tax consultant in this free video on taxes.

Pay taxes on a side income by using the schedule C or schedule C EZ form to itemize revenues and expenses in order to come up with an amount of reportable income. Keep track of all side income revenue throughout the year with tips from a tax consultant in this free video on taxes.

Revoke a child tax deduction because of a change in status of the dependent child by filing an amended tax return with the correct information. Make sure to send the amended tax return to the correct address with advice from a tax consultant in this free video on taxes.

Legal fees are generally not deducted from personal taxes, but they can be deducted if a lawyer is used to help set up a business. List legal fee tax deductions for a small business on a schedule C tax form with information from a tax consultant in this free video on taxes.

Net income tax liability is basically the amount of taxes owed by an individual based on income, expenses and deductions. Use the appropriate 1040 tax form to determine net income tax liability with help from a tax consultant in this free video on taxes.

The penalties for not filing or paying income taxes can range from around half a percent of the amount due per month, up to 25 percent of the total amount. Find out how IRS fines for unpaid taxes are compounded every year with information from a tax consultant in this free video on taxes.

Tax deductions for business use of a car can either by done by keeping track of the percentage of mileage used for business as compared to personal use, or by taking the standard mileage deduction. Keep track of every business trip that is taken in the car so that everything is documented for tax purposes with advice from a tax consultant in this free video on taxes.

When running a business at home, keep track of tax deductions for office space used within the house and car mileage used for business trips. Find out how to make tax deductions when running a home business with tips from a tax consultant in this free video on taxes.

When filing income taxes, claim deductions for health savings account contributions, retirement account contributions, educational expenses, moving expenses, child care expenses and any other employment related costs. Keep track of any possible deductions for the tax year by writing things down in a log and keeping receipts with advice from a tax consultant in this free video on taxes.