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When you earn income from self-employment, preparing your tax return can be more complicated than when you earn income from an employer. Schedule C-EZ can make the filing process much simpler. Watch this tax tips video to learn more. Video provided by TurboTax.
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Owe the IRS? Find out more about IRS offer in compromise. You may qualify for an IRS payment plan, penalty abatement or other IRS payment options. Video provided by TurboTax.
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The IRS uses the 1099-MISC as a means to collect information regarding certain payments you make during the year that relate to your trade, business or rental properties. There is a wide range of transactions that will trigger your obligation to issue a 1099-MISC to the recipient of your payment. Find out when to issue a 1099 MISC form and what the filing requirements are with this expert tax tips video. Video provided by TurboTax.
Schedule EIC: Who qualifies for the Earned Income Credit?
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Do you qualify for the earned income credit? There are several requirements for claiming the Earned Income Credit, including type of employment, dependents, and other factors. Find out all about filing schedule EIC and see who qualifies for the Earned Income Credit with this helpful tax tips video. Video provided by TurboTax.
Additional Tax Credits for Deployed Soldiers | Military Tax Filing Info
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If you are a soldier and were deployed this year, find out about additional tax credits for deployed soldiers and other important military tax filing tips with this important tax tips video. Video provided by TurboTax.
My Federal Tax Return Was Rejected – What Can I Do?
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Was your federal tax return rejected? When you're unsuccessful at e-filing a return, the system is set up to generate a reject code so that you know exactly what information is missing or needs to be corrected. Just make the corrections, and you'll be able to make a second attempt at e-filing. Learn more about what to do when your federal tax return is rejected with this helpful tax tips video. Video provided by TurboTax.
What is a W-4? Employee Withholding Allowance Certificate
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As an employee, the IRS usually requires your employer to withhold income taxes from each paycheck you receive, based partially on the information you provide on a W-4 form. The more allowances you report on the W-4, the less tax will be withheld—meaning more money in your pocket every time you get paid. Watch this tax tips video for more important information on the W-4 tax form. Video provided by TurboTax.
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Did you know that the federal government is a big supporter of higher education and encourages you to enroll in school by offering a range of educational tax deductions? Certain educational expenses are tax deductible and can help you save big on your tax return this year. Find out more about tax deductible education costs with this expert tax tips video. Video provided by TurboTax.
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Can unmarried couples file taxes together? Find out if you can file taxes jointly if you are not married, as well as how other filing statuses may affect your tax return this year with this informative tax tips video. Video provided by TurboTax.
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If you are wondering whether you can still file a tax return despite receiving some type of disability income, rest assured that the IRS will always accept your return—even if it reports zero taxable income. Find out if you should file taxes while receiving disability with this helpful tax tips video. Video provided by TurboTax.
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Can you claim adult dependents on your tax return? Some taxpayers who financially support other adults may be surprised to find out they can claim those adults as dependents on their taxes. But, there are certain rules that determine who counts as an adult dependent. Find out more about how to claim adult dependents on your taxes with this informative tax tips video. Video provided by TurboTax.
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Unless you’ve amended a tax return before, you may not know why taxpayers file a 1040X or when you should use it yourself. This is because filing a 1040X form is only necessary to correct certain types of errors or omissions on an original tax return after it’s been filed with the IRS. Find out when to use tax form 1040X with this expert tax tips video. Video provided by TurboTax.
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What is a federal tax lien on a home? TurboTax presents important information on how avoid an IRS tax lien, and the IRS process for obtaining a tax lien. Video provided by TurboTax.
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Do you live in a state that imposes an income, sales, real estate or personal property tax? If you make payments for any of these taxes, you should know that the IRS may let you deduct them on your federal tax return. Find out how to claim state taxes on your federal return with this expert tax tips video. Video provided by TurboTax.
IRS Form 1041 – Fiduciary Income Tax Returns Explained
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Just like your obligation to pay income taxes and file a return, trusts and estates must do so as well. If you have been appointed the trustee of an estate, you may need to file IRS form 1041 – commonly referred to as a Fiduciary Income Tax Return. Find out all about this estate income tax return and its filing requirements with this helpful tax tips video. Video provided by TurboTax.
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The Internal Revenue Service requires a Schedule B form in a number of situations, but for the average taxpayer, the two most common reasons are earning interest or dividend income and to exclude the interest you earn on certain savings bonds. Learn more about reporting dividend and interest income on IRS Schedule B with this expert tax tips video. Video provided by TurboTax.
What are Itemized Tax Deductions - TurboTax Tax Tip Video
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http://turbotax.intuit.com Itemized deductions can help save you even more money during tax season if your deductions exceed the standard amount. Learn about ...