Certain retirement account transactions require you to fill out an additional form with the IRS. Here's when you might need a Form 5329 and how to complete this document.
the average annual salary you pay for each FTE employee is less than $50,000 The instructions to Form 8941 include a worksheet to help you figure out the average annual salary. TurboTax Tip: Since two half-time employees are equivalent to one full-time employee...
When is tax day 2025? Tax Day 2025 falls on Monday, April 15. This is the day when your taxes are due for the 2024 tax year. It's important to file your return or request an extension by this date to avoid any penalties. Make sure you mark your calendar for the tax deadline 2025...
But since you can calculate precisely what you owe, you can ensure you don't pay too much in income tax during the year. You can use TurboTax to prepare your taxes, or get a copy of the worksheet accompanying Form 1040-ES and work your way through it. What to do for self-employe...
If you're self-employed or part of an S corporation or partnership and expect to owe more than $1,000 this year, there's a good chance you're required to make estimated tax payments throughout the year. Estimated payments are due on a quarterly basis. Ch
Form W-4 is used to figure out how much your employer should withhold in federal income tax from each paycheck. Withholding the correct amount means you’re less likely to experience surprises when you file your taxes, and it can help you avoid overpayme