Articles, tagged with "form 1040", page 1

Summer Time Tax Savings - How To Get A Tax Deduction For Donating Used Items

The purpose of this article is to help you prepare Form 8283, Non-cash Charitable Contributions. The rules for reporting charitable contributions on your tax return are a bit tricky, so take your time as you read on. We'll start with some of the basics on... Read >
Author: Wayne M. Davies

It's more than just extra income. It's ULTIMATE TAX SHELTER too! (INTRO)

Enjoy your tax time? I'm even looking forward to my next filing. And I might even frame my tax return and hang it in my home office. That's how big I think my refund's going to be.  Dread of the Form 1040? I leave my wife at home to take care of our ho... Read >
Author: armand

Important Tax Dates in America

It is more popular than Saint Patrick’s Day, Columbus Day, and Veteran’s Day, and yet it is does not appear on any calendar printed in the United States. More than one hundred and forty million Americans observe this date by sending letters, either elect... Read >
Author: Dori Faxton

Double the Worry! - State Alternative Minimum Tax

A number of states have their own version of an Alternative Minimum Tax – one that is imposed at the state level, separate and distinct from the Federal Alternative Minimum Tax. While a state AMT certainly adds to the burden of those subject to the Fede... Read >
Author: George Bauernfeind

Part 1 US Expat Tax Preparation and the Foreign Earned Income Exclusion

A key part of US expat tax preparation you need to understand is the Foreign Earned Income Exclusion, which is a series of US expat tax credits for those who are working abroad. These tax credits are reported on Form 2555 which is filed along with your Fo... Read >
Author: GreenbackTax

Medicare

There is a lot to handle when you personal a tiny organization. On major of all else, you have to make positive you file all the required tax varieties on time. You also may not be confident about what tax deductions are obtainable for a modest business o... Read >
Author: Brent Vaughn

Schedule C Tax Deductions - "E" Is For Employees, Education And Entertainment

Looking for legitimate tax deductions for your small business income tax return this year? Here are three common expenses you can deduct on Schedule C, all starting with the letter "E". Employees. There are several legal deductions related to your e... Read >
Author: Wayne M. Davies

Schedule C Tax Tips - What Income Tax Forms Should You File?

Are you running a small business as a sole proprietor? Are you confused about which tax forms you are required to file? Here's an overview of the most common forms you'll need to prepare this tax season. 1. Schedule C, Profit or Loss From Business. ... Read >
Author: Wayne M. Davies

Schedule C Tax Tips - 3 Easy Ways To Reduce The Dreaded Self-Employment Tax

Frustrated with the amount of self-employment (SE) tax you pay each year? You should be. The sole proprietor pays twice as much in SE tax (15.3%) as the employee pays in federal payroll taxes (7.65%). What's a Schedule C filer to do? Here are three ways t... Read >
Author: Wayne M. Davies

US Expat Taxes - Everything You Need to Know

10 Aspects of Your US Expat Taxes You Need to Understand as an American living abroad The United States is one of the few countries that taxes citizens on their worldwide income, regardless of where that income is earned and where they live. Greenback... Read >
Author: GreenbackTax

Have you missed the homebuyer tax credit: You can still have the advantages

As a rule, the mortgage interests can be deducted from the federal taxes with the following regulations. The taxpayers are required to complete certain paperwork such as filing Form 1040 and clearly notify the deductions on a schedule A form. The deductio... Read >
Author: Best Debt Care

Prevent Internal Revenue Service Interest and Penalty Fees

The deadline is approaching! Taxes should be paid to the IRS by April 15th to stay away from Internal Revenue Service penalties and interest. If you need more time to file your taxes, you can request an extension. But remember, an extension of time to fil... Read >
Author: P. Jacobson

How to Prepare the Easy Part of Schedule C

Are you a sole proprietor who faces the daunting task of filling out Schedule C every year? If you break out into a sweat just thinking about, you came to the right place. To get the most out of this article, get a copy of Schedule C and have it in front ... Read >
Author: Wayne M. Davies

Get some Tips for How to Choose a Tax Preparer for your Tax Filing

If you pay someone to prepare your tax return, choose that preparer wisely. Taxpayers are legally responsible for what’s on their own tax returns even if prepared by someone else. So, it is important to choose carefully when hiring an individual or firm t... Read >
Author: ewan nicholson

Self-Employed Individuals

Who is Self-Employed? Generally, you are self-employed if any of the following apply to you. You carry on a trade or business as a sole proprietor or an independent contractor. You are a member of a partnership that carries on a trade or business. ... Read >
Author: Sandi Lattin

User published content is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License