Form 1040 isn't as long as it used to be, thanks to a few new schedules. This article provides guidance for filling out Schedule 3 and explains which taxpayers may need to use it.
As the IRS notes, for nine out of ten tax filers it takes a maximum of 21 days to receive a tax refund (when eligible) after their tax return has been accepted. But this is still just an estimate based on past IRS refund schedules and not a guarantee. Fu
Rent. In addition to your office, store or working space, this deduction can also include equipment that you rent. If you run your business from home, make sure to take the home office deduction . Telephone and Internet. These are two necessary business expenses that every small business ow...
The IRS is rolling out special payments in January 2025 to about 1 million taxpayers who didn’t claim the 2021 Recovery Rebate Credit (think of it as a “catch-up” payment). This credit was part of the third round of stimulus checks (see below), so if you missed o...
IRS Form 1040 is used to file your individual tax return each year. You may also need to file other types of 1040 forms depending on your sources of income and the deductions you're claiming, such as Schedule A or Schedule C. Prepare for the upcoming tax
Note: The content of this article applies only to taxes prepared for 2009 and 2010. It is included here for reference only. In order to take the making work pay tax credit, the IRS requires you to prepare a Schedule M with your federal tax return.
What is the 2020 Recovery Rebate Credit and am I Eligible?2025 IRS Disaster Relief: Tax Deadline ExtensionsVictims of Hurricane Isaac Benefit From IRS Tax Filing and Payment Extensions2020 Stimulus: Tax Relief for this Year's Taxes The above article is intended to provide generalized financial ...