Tax Preparation

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How to File Pennsylvania Local Taxes

While most people focus on the costs of federal income taxes, state and local taxes can be a significant portion of your annual tax burden. In Pennsylvania, you need to file state income tax along with your federal income tax return, and might even have to file local taxes as ...

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

If 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 Preparation Checklist for a Homeowner

Home ownership carries many hidden costs. Fortunately, some of these costs can be used to substantially lighten your IRS tax burden. To maximize your tax benefits you must keep careful records, and you must understand how the tax code applies to homeowners. You must itemize your ...

How Many Years Should I Save My Income Tax Returns?

The Internal Revenue Service recommends that you keep a copy of your income tax return after you file. How long you should hold onto that copy depends on a couple of factors. For the typical taxpayer, though, the IRS suggests saving a copy for at least three years after you file ...

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

Each 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 ...

Is It Better to File Jointly or Separate When Making Over $100K?

People making over $100k a year are in higher tax brackets, which means that they generally have to pay a higher percentage of their income in taxes. If you're married, you have the option of filing jointly or separately, and there's no answer that works for everyone. Instead, ...

How Far Back Can You Amend Tax Returns?

If 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 ...

IRS Mileage Log Requirements

The Internal Revenue Service allows you to deduct expenses you incur while conducting business, including any vehicle expenses you run up. Because fraud is common in vehicle expense claims, the IRS wants to be sure all expenses claimed are legitimate and honest. To help with ...

How to File Taxes Without Child's Social Security Number

If 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, ...

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