Tax Filing

    More in Tax Filing

    1040EZ Vs. 1040

    The Internal Revenue Service offers different versions of the Form 1040 personal income tax return to meet different taxpayer situations. There are rules for determining which form to use in your personal tax situation. The Form 1040EZ is the simplest federal tax form, but you ...

    The Advantages or Disadvantages of Doing Your Own Taxes Vs. Hiring a Professional

    Each year everyone required by the Internal Revenue Service to do so must file an income tax return, either one prepared by them or by a paid professional. For many, the complexities of these forms deter them, and they would never consider completing the documents themselves. ...

    How to Avoid IRS Tax Penalties for a 401(k) Early Withdrawal

    By saving consistently over the long term, you probably will accumulate a large sum of money in your 401(k) plan at work. This money is designed to be a nest egg for your retirement, and to discourage tapping into the funds, the Internal Revenue Service assesses a 10 percent ...

    Can I Be Denied a Tax Extension?

    If tax deadlines are looming and you’re nowhere near ready to file, a tax extension might be the perfect solution. The IRS can’t deny a tax extension if your request is made timely, but you’ll want to secure proof of your application in case the IRS ever ...

    Can Domestic Partners File Joint Taxes?

    Internal Revenue Service rules prescribe different tax treatments for legally-registered domestic partnerships and other forms of legal union depending on whether the couple involved is comprised of a man and a woman or two same-sex partners. In general, the IRS tax rules for ...

    Can I E-file if I Owe?

    E-filing your tax returns can save time, reduce the likelihood of math errors and make the tax process easier overall. If you end up owing money, e-filing is still an option for completing your tax return. You can even submit payment electronically as one of the last steps in ...

    Can My Estranged Wife File Married Filing Separately?

    Deciding the filing status you and your estranged wife should choose at tax time can be challenging. The Internal Revenue Service provides only two filing status choices for married couples — joint or separate. Your estranged wife can file separately, but depending on your ...

    Can You File Married Jointly if Your Wife Does Not Work?

    You and your wife can file a joint federal income tax return even if she doesn’t work. While each couple’s tax situation is different, generally, you can claim more deductions and credits by filing a joint return. In most cases, your tax liability will be lower. ...

    When Can Newlyweds File Jointly?

    The Internal Revenue Service regulations provide five filing statuses for taxpayers. Married taxpayers can file separate or joint returns. Single taxpayers may choose the filing status of head of household or qualifying widow or widower if they meet the requirements; otherwise, ...

    Can You Receive More Than One Tax Credit?

    A tax credit is an amount of money that is used to offset your tax liability -- that is, tax credits are directly subtracted from the amount you owe. There is no limit on the number of credits you can claim in a tax year, as long as you meet the eligibility requirements to claim ...

    Any Consequences for Not Doing Your Taxes Together With a Wife?

    Filing a joint tax return with a spouse is an option, not a requirement, because filing separately is occasionally beneficial. For example, when you are married filing jointly, you are responsible for all of the tax liability rather than just half or the part attributable to ...

    How to Declare Gifts on Tax Returns

    The Internal Revenue Service requires that you declare on your taxes all gifts that exceed the annual exclusion amount. For example, the annual exclusion amount for the year 2012 is $13,000. Therefore, any qualifying gift you make exceeding that amount in the year 2012 must be ...

    What Do I Enclose With a Form 1040X?

    Income tax returns are notoriously complex and require you to assemble many different pieces of information in order to file an accurate form. In this process, it is easy to overlook key information that can change your tax situation. The Internal Revenue Service recognizes this ...

    Do You File Jointly if Your Spouse Did Not Have Reportable Income?

    If you are married, you can file a joint tax return with your spouse even if only one of you had income. There is nothing in the tax rules requiring that a husband and wife both have income in order to file jointly. Although federal law doesn’t permit same-sex married ...

    Do We Have to File Married Filing Jointly Every Year?

    Just because you're married, this doesn't take away your right to file an income tax return on your own if you want to. The election to file a joint married return or a separate married return is one you can make yearly, and there's no rule that says you must do it the same way ...

    How to File as Married Head of Household

    The Internal Revenue Service considers you either married or single when it comes to filing taxes. Generally, you can use the head of household filing status if you are unmarried but support a qualifying child. In some cases, you can also file as head of household if you are ...

    What if You Filed Your Taxes & Forgot Interest Income?

    Say you sent off your completed tax return and then received a late 1099 form in the mail from a savings account you forgot about. The account earned interest, which you’re obligated to report on your tax return. Depending on how much interest the account earned, you may ...

    I Forgot to Send a Copy of My Schedule A With My Income Taxes, What Do I Do?

    When you send tax forms by mail, it’s easy to miss important documents that should accompany your return. If you realize you’ve forgotten to send your Schedule A, which is used to record itemized deductions, the Internal Revenue Service will notice it's missing and ...

    Does Giving a Car as a Gift Affect Taxes?

    Giving away any type of property triggers the possibility of gift tax just as gifting money would. Fortunately, some exceptions exist to dodge the tax. The gift tax for giving a car is determined by the value of the vehicle. It's also important to note whether the gift giver and ...

    What Happens if I Get a 1099 After I File My Taxes?

    The Internal Revenue Service requires that 1099 forms be mailed to individuals by Jan. 31. However, via client or company error or oversight, or mail mishap, you may find you receive your 1099 as late as March or April. If you have already filed your taxes and then receive a ...

    Zacks Investment Research

    is an A+ Rated BBB

    Accredited Business.