Guide to IRS Form 1099-Q: Payments from Qualified Education Programs
You'll receive an IRS Form 1099-Q when you withdrawal money from a 529 plan or a Coverdell Education Savings Account (Coverdell ESA). Read more…
What is IRS Form 1040-ES: Estimated Tax for Individuals?
The IRS provides Form 1040-ES for you to calculate and pay estimated taxes for the current year. While the 1040 relates to the previous year, the estimated tax form calculates taxes for the current year. You use Form 1040-ES to pay income tax, self-employment tax and any other tax you may be liable for. Read more…
What Is IRS Form 720?
If you own a business that deals in goods and services subject to excise tax, you must prepare a Form 720 quarterly to report the tax to the IRS. Read more…
What is IRS Form 8829: Expenses for Business Use of Your Home
One of the many benefits of working at home is that you can deduct legitimate expenses from your taxes. The downside is that since home office tax deductions are so easily abused, the Internal Revenue Service (IRS) tends to scrutinize them more closely than other parts of your tax return. However, if you are able to substantiate your home office deductions, you shouldn't be afraid to claim them. IRS Form 8829 helps you determine what you can and cannot claim. Read more…
What Is the IRS Form 941?
You must file IRS Form 941 if you operate a business and have employees working for you. Certain employers whose annual payroll tax and withholding liabilities are less than $1,000, might get approval to file the annual version—Form 944. Read more…
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