The IRS still delivers tax refunds to individuals who filed their returns this past April. This is a massive inconvenience to many, and some taxpayers need to get the benefits that they deserve. Whether you’re missing a check or receiving one you’ve been waiting for, you can be sure that there are some steps you … Read more
There are a few things you should be aware of if you have submitted your tax return and are wondering when the IRS will release your refund: If you filed an amended return When you file your tax return, you may need to amend a return. This is because of errors, unused credits, or changes … Read more
The IRS started sending out 2021 tax refunds slowly but surely. If you haven’t received your tax refund, even if the IRS has processed your return and approved a refund, it’s still too early at the time of writing this article. Since the tax season started about fifteen days ago and the IRS has a … Read more
Form 3949-A, Information Referral, is the tax form used for reporting a person or business for tax evasion. It’s a simple tax form that everyone in the United States or outside can file to report such allegations. If you suspect that someone or a business is evading taxes, use Form 3949-A to report it to … Read more
When filing a federal income tax return, there is a lot to calculate. One of the essential parts of calculating your taxable income is first figuring out adjusted gross income. This is shortly known as the AGI. Your adjusted gross income determines eligibility for deductions and credits and is used for other tax purposes. It … Read more
Whether you’re a small business owner or a government contractor, completing Form I9 is a significant undertaking. If this is your first time doing so, you may wonder how to fill it out and verify the authenticity of the documents you’re using. This article provides information about the different sections of the form and the … Read more
Schedule SE, a supplement to your income tax return, may be required if you are self-employed. The amount on Schedule SE is an estimate of your self-employment income. For instance, if you made $12,000 in 2011, you’d report $2,000 of your self-employment income on your income tax return and claim a deduction on your Schedule … Read more
Schedule 1, Additional Income and Adjustments to Income, is the supporting document that reports income earned that you can’t report on other tax forms and figure out adjusted gross income. This tax form is pretty much mandatory to file as you need to calculate your adjusted gross income to clarify eligibility for further tax deductions … Read more
Schedule 2, Additional Tax, is the supporting document for reporting additional tax owed. Before 2018, everything on Schedule 2 was pretty much included on your federal income tax return, but as many of the changes were made to simplify taxes, Schedule 2 was introduced. Fill out Schedule 2 online Start filling out an online paper … Read more
Use Form 4852 as a substitute for your Form W-2. In the absence of Form W-2, the 4852 is the only tax form you can use to replace it. You can also use this tax form if you haven’t received Form 1099-R, Retirement Income, though you’re likely to easily get a copy from your account … Read more