Tax Forms

For those who qualify, giving money to charity can be a great way to cut your tax bill—while also accomplishing some good in the world.  In the last few years, however, claiming a tax deduction for what you give away has become a lot harder. That’s because a 2017 law significantly raised the standard deduction, […]

If you have children or other dependents, and qualify to claim them on your tax return, there are a few things you need to know before you file your federal tax return. General Information Child and dependent-related tax benefits are some of the most common claimed benefits on federal tax returns each year. If you

On Monday, January 24, the IRS began accepting and processing 2021 tax year returns. The filing deadline for tax returns will be April 18, and the IRS currently has no plans to push that date back, despite the fact that last year and the year before filing deadlines were extended as a result of the

Taxes should be paid as you earn or receive income during the year. The IRS offers a variety of ways for you to do so. Some of the ways to pay include: Tax Withholding – For employees, withholding is the amount of federal income tax withheld from your paycheck. The amount your employer withholds depends

Summertime is the perfect time for a mid-year tax checkup. A tax checkup will help you avoid being surprised with a potentially large tax bill and may help uncover ways you can save throughout the rest of the year. Keep in mind that big tax breaks were enacted for the 2021 tax year, but most

The form of business you operate determines what taxes you must pay and how you pay them. There are four general types of business taxes: Income Self-employment Employment Excise Income Tax All businesses must file annual income tax returns, except partnerships which file annual information returns. The form you use depends on your business structure;

The form of business you operate determines what taxes you must pay and how you pay them. There are four general types of business taxes: Income Self-employment Employment Excise Income Tax All businesses must file annual income tax returns, except partnerships which file annual information returns. The form you use depends on your business structure;

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. It’s never too early to start thinking about tax season, no matter how far off it seems. Tax time will return before you know it, and by then it’ll be too late for many

The IRS issues various balance due notices, including Notice CP14, Notice of Tax Due and Demand for Payment. This information will help you if you receive a CP14 from the IRS despite having already paid your taxes in full. The CP14 is a balance due notice telling you that you owe money for unpaid taxes.

The IRS issues various balance due notices, including Notice CP14, Notice of Tax Due and Demand for Payment. This information will help you if you receive a CP14 from the IRS despite having already paid your taxes in full. The CP14 is a balance due notice telling you that you owe money for unpaid taxes.