Tax Preparation

More in Tax Preparation

How Far Back Can You Amend Tax Returns?

you have discovered a mistake in a tax return that has already been filed, you can file an amended return, also known as Form 1040X. The Internal Revenue Service allows you to amend a return if your filing status is incorrect, your income is wrong, or you have incorrectly ...

Can I Put My Unreimbursed Partner Business Expenses on Schedule A?

ere your unreimbursed partner business expenses are reported depends on the type of partner you are. If you are a member of a partnership who is paid as a legal partner and receives a K-1, you would report your expenses on the Schedule E form instead of on Schedule A. If you are ...

How to Report a Forex Profit in TurboTax

you've made money trading foreign currencies, then the IRS wants to know about it. TurboTax and other tax-preparation software make it fairly easy to track and report your gains, and your trading platform should provide the backup documentation, if needed. Keep in mind the ...

Can I File My Income Tax Electronically If I Owe From a Previous Year?

ch spring, the taxman comes knocking on your door asking for his share. If you owe on a previous year, it may muck up the waters of your financial portfolio. E-file is the quickest and easiest method of filing your tax return to the IRS. Even if you owe on a previous year, you ...

How to File Taxes Without Child's Social Security Number

you're eligible to claim a child as a dependent on your taxes, you're going to need their Social Security number, or SSN, in order to take advantage of the tax benefits available to parents. Filing your taxes without your child's SSN won't change how you prepare the return, but ...

Where Do I Put My 1099 Miscellaneous Income on My Tax Return?

you work for an entity as a non-employee and earn more than $600 in income, you receive an Internal Revenue Service Form 1099-MISC typically by the end of January of the following year. The IRS receives the same information from the entity for which you worked. You report ...

Tax Treatment of Domain Name Costs

the early days of the Internet, little precedent existed for how domain names were handled from an income tax standpoint. Central to the debate was whether they should be considered assets or expenses, but a 2003 U.S. Appeals Court ruling helped answer that question. Since ...

Can I File Taxes on Self Earned Income Without a 1099?

en you perform work for someone else on a contractual basis, the person you worked for must issue and provide you with a Form 1099 for any amount over $600 as of Sept. 1, 2012. However, if you don’t receive a 1099, you still have to file your tax return. Your own record ...

K-1 Forms and Cost-Basis Calculations

u can invest in units of publicly traded limited partnerships -- often called master limited partnerships, or MLPs -- using a brokerage account just as you would to buy shares of a corporation. The differences between MLP investments and stock shares show up at tax time. The K-1 ...

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