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
The Internal Revenue Service has announced when the agency will start accepting federal income tax returns, whether electronic or paper. Although some lucky few may be selected for the IRS hub testing, it isn’t going to be the case with most taxpayers. It’s best to stick with the announced date and prepare your return accordingly. … Read more
Form 941, Employer’s Quarterly Federal Tax Return, is the tax form used for reporting wages paid, Social Security, Medicare, and income taxes withheld from employees’ income during one quarter. This tax form also has a different version titled 941-SS. It’s pretty much the same as the primary version of Form 941 but isn’t for employers … 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
Form 4852 is the tax form you need to file in the absence of your W-2 from your employer. One thing to note before filing Form 4852 – if your W2 is lost, contact your employer or previous employer in the case of switching jobs, and ask for another copy. Doing this will save you … Read more
Form 1096 is the annual summary and transmittal of US information returns. Use this tax form to report the information returns you filed during the tax year. More specifically, the following tax forms. Form 1096 looks very simple on the outside, but there is more to it than just filling out a paper copy and … Read more
Form 1096, Annual Summary and Transmittal of US Information Returns, is the tax form used for reporting certain information returns filed during the tax year. The most common use of Form 1096 is to report Forms 1099, which are information returns that are filed for various reasons. If you’re operating a business, the chances are … Read more
Form W9 is one of the most basic tax forms used to provide taxpayer identification number to payers so that the appropriate tax forms can be filed. If you’re working as a freelancer or an independent contractor, this form is often mandatory as the payer won’t have your legal name and taxpayer identification number, which … Read more