Six Tips on Gambling Income and Losses Whether you roll the dice, play cards or bet on the ponies, all your winnings are taxable. The IRS offers these six tax tips for the casual gambler.
Category: Tax Forms
Adjusting Your Income Tax Withholdings to Receive More Money During the Year
Change Withholding Check your year-to-date withholding and consider changing the taxes withheld if you are expecting a large refund. This is especially important if you are claiming the earned income tax credit, or EITC, or the additional child tax credit. Why?
Health Care Coverage Qualification
It’s Not Too Early to Determine Whether You Have Qualifying Health Care Coverage The individual shared responsibility provision requires you and each member of your family to have basic health coverage – also known as minimum essential coverage – qualify
Filing an Amended Tax Return
IRS Summertime Tax Tip 2016-02 You may discover you made a mistake on your tax return. You can file an amended return if you need to fix an error. You can also amend your tax return to claim a tax
Received Form 1095-C, Now What?
Here’s What You Need to Do with Your Form 1095-C This year, you may receive one or more forms that provide information about your 2015 health coverage. These forms are 1095-A, 1095–B and 1095-C. This tip is part of a
Received Form 1095-B, Now What?
Here’s What You Need to Do with Your Form 1095–B This year, you may receive one or more forms that provide information about your 2015 health coverage you had in 2015. These forms are 1095-A, 1095–B and 1095-C. This tip
Received Form 1095-A, Now What?
Here’s What You Need to Do with Your Form 1095-A This year, you may receive one or more forms that provide information about your 2015 health coverage. These forms are 1095-A, 1095-B and 1095-C. This tip is part of a
You Can File Taxes Without 1095-B or 1095-C
You do not have to wait for either Form 1095-B or 1095-C from your coverage provider or employer to file your tax return. Other forms of documentation in lieu of the Form 1095 information returns can be used as proof
IRS Letters 5591 and 5596 – Premium Tax Credit
The IRS began mailing out Letter 5591 to those taxpayers who received the Advanced Premium Tax Credit (APTC) and who should have received a 1095-A, but who have not filed either a tax return including Form 8962 or an extension.
Federal Tax Extensions and Penalties
How do Tax Extensions Work? Filing for an automatic 6 month extension to file your taxes is easy. Simply fill out Tax Form 4868, Application for Automatic Extension of Time To File U.S. Income Tax Return (pdf) by the tax