Breaking down IRS forms line by line — what they mean, who needs them, and how to fill them out right.
Looking for your tax forms? If you haven’t yet received a form W-2 or 1099, here’s a list of when those forms are due and what to do if you haven’t received yours by the due date.
Here’s what you should know about the form 1098-T, Tuition Statement.
Here’s what you should know about the form 1098, Mortgage Interest Statement.
By now, you probably have a stack of tax forms from employers, banks, and other issuers on your desk. Sometimes, those tax forms go straight to a tax professional, unopened. Other times, taxpayers may dutifully open those forms and type the information, box for box, into tax preparation software. In both cases, it’s not unusual…
Opening your form W-2 can be traumatic for many folks but for one Tennessee man, it was enough to make him quit his job. Walter Slonopas, a maintenance worker at Contech Casting LLC in Clarksville, Tennessee wasn’t upset with the dollar figures on the form but rather the control numbers. The Form W-2 he received…
Mistakes happen. And sometimes, no matter how careful you are, those mistakes happen on a federal income tax return. You know what I’m talking about: a transposed number, a missed form, an overlooked schedule… Those are all innocent mistakes that can affect your federal income tax liability. While it’s tempting to fret over it, there’s…
We all like for things to be simple. We gravitate towards words like easy, elementary, and effortless. It all sounds so very… uncomplicated. Taxes, on the other hand, can be complicated. And as taxpayers, we find that frustrating. So it would make sense, then, that we would snatch up the easiest, least complicated tax forms…
Taxpayer asks: Am I legally required to have tax ID#’s on file for individuals who perform services for my organization if I know the payments will not total more than $600 in any calendar year? Taxgirl says: I was asked a similar question from a client years and years ago. The client ran a sort…
Dear really, really overeager taxpayers: As a small business owner and a tax professional, I am asking you in the nicest way possible: please be patient. I know you want to file your tax return already. You’re already annoyed that you’ve had to wait this long. But that’s Congress’ fault, not mine. And I’ll even…
Taxpayer asks: I have a child that moved in with me from Canada in July and I do not have a Social Security number for him how do I go about claiming him on my taxes? Taxgirl says: You generally need a Social Security Number (SSN) to claim a dependent on your federal income tax…