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Taxes & Tax Help
Find all the tax help and tips you've been looking for with informative articles on everything from income and federal taxes to tax filing tips. Understand what deductions you're eligible for, how much money you have to make to file taxes, what forms farmers should be filling out and plenty of how-tos. How exactly do I fill out the 1040? What tax bracket do I fall into? Find the answers to all these questions and more at BrightHub's Personal Finance channel.
There is nothing worse than filing your taxes and expecting a sizable tax refund only to receive a letter that the government has seized the money. There are real reasons why the IRS can keep your money and you should know every one of them.
Income tax return time is filled with paper collecting, receipt filing and a multitude of forms. If there is a way to make the process more simple, e-filing would be that way. Income tax e-filing provides various benefits to the person or couple-filing their income taxes.
Schedule H is used to report and pay Household Employment taxes on the standard Federal Income Tax form 1040. Learn whether you need to file a Schedule H to report payments to a household employee.
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.
Schedule SE is used to report net earnings from Self Employment. Learn whether you must file a Schedule SE to the IRS with Tax Form 1040 to report self employment earnings. Also, learn how this form is different from other income tax forms such as Schedules C and CEZ.
Some sole proprietorship’s tax situation is so simple, the 1040 Schedule C-EZ is enough to properly declare income from business operations. Learn whether you qualify to file a Schedule C-EZ over the more complicated Schedule C with your Federal 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 capital gains 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 C and SE.
Schedule EIC of the Federal Income Tax form 1040 is used to report information regarding qualifying children under the Earned Income Tax Credit. Learn whether you have qualifying children and should file a Schedule EIC with Income Tax Form 1040.
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 from business activities.
Schedule C of the standard Federal Income Tax form 1040 is used to claim profit or loss from a Sole Proprietorship business. However, Schedule C is also used for other income reporting purposes as well. Learn when you need to file a Schedule C with Tax Form 1040 to the IRS.
Before you file your 2009 Federal income taxes with the Internal Revenue Service, read this article in a series of 14 about what income taxes are and why you must file. The remainder of the series is dedicated to the 1040 tax form and its many schedules and sub-forms.
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 1040EZ is a shorter version of 1040 income tax form for personal income taxes. Qualifying to use this form requires a set of finely-defined conditions.Learn whether you can avoid the more complicated 1040 income tax form and file the simpler 1040EX form.
Accompanying Federal Tax form 1040, Schedules A & B allow tax payers to itemize deductions rather than take the standard deduction. Learn when it is wise to file schedules A and B and when it is better to take the standard deductions.
Proper treatment of dividends, interest, and capital gains income is necessary to determine the correct amount of personal taxable income.
Personal income taxes are the U.S. Government’s primary source of income. Consequently, they can be confusing and give many tax payers trouble when they come due each April.