Before we delve into the details of where to mail Form 1099-MISC, it’s important to have a clear understanding of what this form entails. Form 1099-MISC, also known as Miscellaneous Income, is used to report income paid to individuals or other entities who are not considered employees. Fo...
Watch out if you have unemployment income, Social Security income, if you need to claim an HSA contribution (even if it's reported on a W-2) or if you have child care expenses. ~37% of filers qualify for $0 federal & state filing. Simple 1040 returns only (no schedules except for E...
Capital Gains Tax:If you have a capital gain on the sale of your investment property, it may be subject to capital gains tax. The tax rate for capital gains depends on your income level and the length of time you held the property. If you held the property for more than one year, it...
I have not been able to submit my application. But, I’ve placed myself into the Chase PPP “queue”. If you’re a Chase business customer you can head tohttps://recovery.chase.com/cares1/sba-loan-forgivenessand fill out the two page form. At the end, you’ll find out that Chase...
People useForm 1040to file their annual income tax returns. This form helps you calculate your taxable income and how much you owe the IRS. It asks for personal information, filing status, the amount of tax you’ve paid through withholding (as...