How to Read a 1099-R At the start of tax-filing season, the managers of profit-sharing plans, IRAs, pensions, annuities and insurance contracts report the payments they made to you the previous year on IRS Form 1099-R. To transfer the information to your tax return correctly, you need to understand ...
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How to Report FOREX Profits & Losses Understanding the fine details of FOREX tax reporting is an absolute must for anyone who plans on trading in this dynamic marketplace. Depending upon your particular trading methods, you will be ...Read More
Married Filing Jointly Vs. Separated The Internal Revenue Service recognizes five income tax filing statuses. Each filing status is determined, at least in part, by your marital status. You might qualify for more than one filing status. ...Read More
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 ...Read More
5 Things Not to Do With Your Tax Return Few people enjoy dealing with the Internal Revenue Service, especially regarding a tax return audit. Preparing your tax return correctly and on time helps you avoid audits and paying unnecessary ...Read More
A Tax To-Do List Many people dread the late winter and spring for one reason: it's tax season. The good news is that you can make your tax planning easier, less stressful and potentially less costly by doing a little ...Read More