Guide to Federal Income Tax

IRS Logo Wikimedia Commons Almost everyone dreads April 15^th—that date is infamous for the tax filing due date. In this one-stop guide to federal income tax, you’ll learn how to file self-employment taxes and learn the most common types of income tax deductions. What is Phantom tax and should you file a Schedule E, use a 1040 or a 1040EZ?

You no longer have to worry about how to report gains or losses and find out what a K-1 means if you’re part of a corporation. We’ve even got federal income tax tips for the disabled and elderly.

If you are an employer, learn about 941 and 940 employee taxes and what the IRS guidelines are for these types of taxes. If you’re afraid of an IRS audit, you’ll find the answers you need on how to survive an audit in this one-stop guide to federal income tax.

Filing Schedule F with Federal Tax Form 1040 to Report Income or Losses from Farming Schedule F of the Federal Income Tax form 1040 is used to report income and losses from farming activities. Learn about how Schedule F is similar to Schedule C which is used to report...	Filing Tax Schedule E for Supplemental Income or Losses Schedule E of the Federal Income Tax form 1040 is used to figure Supplemental Income and Loss tax liability. Learn who must file Schedule E to the IRS and how it differs from other...
Filing for Capital Gains and Losses on Schedule D of Income Tax Form 1040 The 1040 Schedule D Federal Income Tax Form is used to declare Capital Gains and Losses. Learn whether you are required to file a Schedule D with your tax form 1040 to the Internal...	Federal Income Tax Schedule R for the Elderly and Disabled Schedule R of Federal Income Tax form 1040 is used by the elderly and disabled to receive a tax credit. Learn whether you qualify to file Schedule R when filing Federal Income Tax form...

Filing Schedule F with Federal Tax Form 1040 to Report Income or Losses from Farming

Schedule F of the Federal Income Tax form 1040 is used to report income and losses from farming activities. Learn about how Schedule F is similar to Schedule C which is used to report income and losses...

Federal Income Tax Schedule R for the Elderly and Disabled

Schedule R of Federal Income Tax form 1040 is used by the elderly and disabled to receive a tax credit. Learn whether you qualify to file Schedule R when filing Federal Income Tax form 1040....

Filing Tax Schedule E for Supplemental Income or Losses

Schedule E of the Federal Income Tax form 1040 is used to figure Supplemental Income and Loss tax liability. Learn who must file Schedule E to the IRS and how it differs from other forms such as Schedules...

Filing for Capital Gains and Losses on Schedule D of Income Tax Form 1040

The 1040 Schedule D Federal Income Tax Form is used to declare Capital Gains and Losses. Learn whether you are required to file a Schedule D with your tax form 1040 to the Internal Revenue Service to declare...

Learn Whether You Must File a 1040 Income Tax Form for the 2010 Tax Year

The 1040 Federal Income Tax form is the basis for all other forms and schedules tax payers must use to report taxable income. Learn whether you must file a 1040 tax form with the Internal Revenue Service...

The W-4

Filling out any IRS form can be intimidating, however this is a simple form that only takes a few minutes to complete. It comes with instructions and worksheets and is a necessary form...

Common Federal Income Tax Deductions

Don't give the government any more money than they deserve. Make sure you include these common federal income tax deductions....