Tax Filing

More in Tax Filing

What Is Schedule E in Taxation?

Use IRS Schedule E to report passive income or losses from things like rental property, royalties and partnerships. Income you report on tax Schedule E differs from self-employment income because it was earned without you actually working for it. It is not subject to ...

Reporting Earnings From Metal Detecting to the IRS

Metal detecting can start out as a hobby but grow into a business if you find enough treasure. If that happens, the Internal Revenue Service will want its share of your profits. While you must claim your income from this venture accurately, you may also be able to write off the ...

Can You File a Joint Return if Your Husband Died?

Few people escape paying income tax, even after death. If your husband dies, you – or the executor of his estate – must still file a return and report any income he earned up to the date of his death. You can typically do this by filing a joint return with him for the year he ...

Can You File a Joint Return if You Are Married & Don't Live Together?

If a husband and wife are not living together, they may still file their income tax return as married filing jointly as long as they meet IRS and state tax guidelines. The couple must not be under a court decree of separate maintenance, and each spouse must agree to file a joint ...

Filing Taxes When You Don't Own a House

It's common to hear about all the tax benefits you can claim when you own your own home. Sure, if you're renting that means you don't have mortgage interest or real estate taxes to write off. However that doesn't mean there's not lots of other good stuff to write off you file ...

The Advantage of Filing Your Income Taxes as Single Instead of Married Jointly

Your tax filing status can affect your standard deduction -- both when you file your taxes and when you fill out your W-4. If you're married, you can't file as a single person. Instead, you'll file as married filing separately, but the standard deduction for single people is the ...

Changing Accounting Methods & IRS Form 3115

If your business is making a change in accounting method, you generally must file IRS Form 3115. Some of these changes involve whether you book expenses and revenue when paid or when incurred, and some are highly specific types of technical changes designed around specific ...

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 ...

How to Report a Disallowed Loss Amount on Schedule D

If you have a disallowed loss due to buying a similar or the same stock within 30 days of selling at a loss, you'll still need to report it when you file your taxes. You'll do this on Schedule D, but you'll use Form 8949 to list out your loss amount with all of the required ...

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