When the end of the tax year rolls around, and taxpayers in the U.S start to think of filing their tax returns, the form 1040 is the go-to form. There are some variations to it, however....
Posted by Income Taxes and Bookkeeping LLC on 01/01/2022
Uncle Sam made available several ways for taxpayers to file their tax returns. As a result, you can file your return in whatever way appeals to you. Electronic filing is one of...
Posted by BEST FINANCIAL GROUP LTD on 11/21/2021
Alimony, also known as spousal maintenance or support, is the payment that one partner makes to the other after divorce. The idea is to help low-earning individuals take care of expenses...
Posted by KLSM CPA Firm PLLC on 08/24/2021
It is safe to call form 1040, the mother of all tax forms, as it is the standard tax form that people will need to report their income to Uncle Sam. In addition, it also comes handy...
Posted by CORE PERFORMANCE on 05/24/2021
You must be a U.S. citizen, lawful permanent resident (green card holder), or pass the "substantial presence" test to be recognized as a U.S. resident for tax purposes. Some...
Posted by Taxes Made EZ Inc on 05/07/2021
We all want to reduce what we send to Uncle Sam. For seniors age 65 and above, we discuss essential tax tips that can help them err on the side of caution:Seniors and Standard Deductions As...
Posted by Tiffany Gaskin on 04/15/2021
If you need to file for an individual federal income tax return, you will now use the IRS Form 1040 or 1040-SR for Seniors. The other alternatives above: Forms 1040A and 1040EZ ended...
Posted by Taxes Made EZ Inc on 04/09/2021
If you request a medical exemption, you will need to complete IRS Form 8965 when filing for federal income tax. This form helps you comply with the Affordable Care Act's rules...
Posted by Dennis Jao on 02/16/2021
Before you file taxes this upcoming year, there is some new information that'll help you regarding forms1040EZ, 1040A, and 1040. Accurate direction during tax filing is necessary...
Posted by BEST FINANCIAL GROUP LTD on 12/13/2018
