The Affordable Care Act requires most Americans to have health insurance or pay a tax penalty. But, who qualifies for an exemption? members of certain religious groups opposed to insurance federally recognized Indian tribes health care sharing ministries those that are currently incarc...
TurboTax Online: Important Details about Filing Simple Form 1040 Returns If you have a simple Form 1040 return only (no forms or schedules except as needed to claim the Earned Income Tax Credit, Child Tax Credit or student loan interest), you can file for free yourself with TurboTax Free Edi...
Automating your W9 form processing is just a sliver of the power that full accounts payable automation can provide for your business. Explore more…. 1099-MISC Instructions: Filling Steps and FAQs Answered 1099 FormTaxTax Compliance Learn the particular uses of tax form 1099-MISC in reporting tra...
Normally, you have the option to have as much as 10% of your weekly unemployment benefits withheld for federal taxes. Taxpayers will receive aForm 1099-Gfrom the IRS, which shows the amount received and the amount of any federal income tax remov...
Which one of the following taxpayers qualifies for the earned income credit? a. A 70-year-old doctor whose practice had a net loss and who has an AGI of $5,000 in 2016. b. An 18-year-old college student who earns 8000 at a part-time job. c. A couple wh ...
(iv) Maintains their own business license for the services offered to clients. (v) If the individual is performing services at the location of the hiring entity, then the individual issues a Form 1099 to the salon or business owner from which they rent their business space. (vi) This sub...
The W-8BEN tax form works to: • Establish that an individual or sole proprietor qualifies as a foreign person subject to the tax rate of 30% on domestic income earned by a foreign entity. • Claim that an individual or sole proprietor is an NRA (nonresident alien). While both forms...
(iv) Maintains their own business license for the services offered to clients. (v) If the individual is performing services at the location of the hiring entity, then the individual issues a Form 1099 to the salon or business owner from which they rent their business space. (vi) This sub...
Hello, I’m Adrienne from TurboTax with important information about who qualifies for the 2015 Earned Income Tax Credit. The Earned Income Tax Credit is designed for taxpayers with modest income and in 2015, can be worth up to six-thousand, two-hundred forty-two dollars...
Tax extensions are there for a reason. Here's a list of everything tax filers need to know about requesting a tax extension when they need more time to file.