The IRS wants you to file your tax return. That's why it has guides to help you with nearly every tax situation. Find the IRS publication that covers your particular situation.
523Selling Your HomeThis publication explains the tax rules that apply when an individual sells his or her main home; that is, the residence in which the individual lives most of the time. 525Taxable and Nontaxable IncomeThis publication examines the many kinds of income and explains whether th...
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Capital gains tax rates on income from the selling of assets are broken down into short and long-term rates. Short-term capital gains, which apply to assets held for less than a year, are considered as ordinary income and are taxed at the rates and brackets highlighted above. Long-term ca...
Note: The content of this article applies only to taxes prepared for 2010. It is included here for reference only. To claim the homebuyer's tax credit for 2010, you will need to file IRS Form 5405. Here are the details.
1099 forms for other types of income, such as a 1099-K for payment cards and third-party network transactions, or a 1099-B for capital gains from selling stocks, or 1099-INT for any interest you received — all of which count as income and need to be reported on your income tax ...
Etsy tracks and reports your sales through Form1099-K. You’ll receive this form if you had over $5,000 in Etsy Payments in 2024. You may be able to deduct business expenses such as supplies and shipping costs. If you’re selling on Etsy, be sure to set aside earnings to coverincome...
Filling out a W-9 form isn't difficult since it only requires a few pieces of basic information. You will usually submit a W-9 form when you receive payments for services you provide as an independent contractor, pay interest on your mortgage or even con
If you earn rental income on a home or building you own, receive royalties or have income reported on a Schedule K-1 from a partnership or S corporation, then you must prepare a Schedule E with your tax return. You must report all income and losses from
It's easy to see IRS Form 1099 as representing a big liability since it reports income that hasn't already been taxed in the form of withholding.