Some taxpayers may need to make estimated tax payments during the year. The type of income you receive determines whether you must pay estimated taxes. Here are six tips from the IRS about making estimated tax payments. If you do
Tag: taxes
Avoid Common Errors – Last Minute Filers
IRS Tax Tip WASHINGTON, D.C. — The Internal Revenue Service reminded taxpayers to review their tax returns for common errors that could delay the processing of their returns. Here are some ways to avoid common mistakes. File electronically. Filing electronically, whether
Need More Time to File?
Five Things to Know if You Need More Time to File IRS Tax Tip 2013-52, April 10, 2013 The April 15 tax-filing deadline is fast approaching. Some taxpayers may find that they need more time to file their tax returns.
Deducting Mortgage Points
If you have ever taken out a mortgage, you probably already know of the tax advantage provided by deducting your mortgage interest payments. But many homeowners overlook another tax break available for points paid to get a home loan. In some cases,
Filing Status for Married Taxpayers
Married taxpayers may file as Married Filing Jointly or Married filing Separately. Read more information about each filing status in the tabs below.
List of IRS forms that 1040 filers can begin filing in late February or into March 2013
Form 3800 General Business Credit Form 4136 Credit for Federal Tax Paid on Fuels Form 4562 Depreciation and Amortization (Including Information on Listed Property) Form 5074 Allocation of Individual Income Tax to Guam or the Commonwealth of the Northern Mariana
Tax Filing Documents
Common Income and Deduction Statements Most taxpayers depend on the same basic information to file returns. If you work for someone else, the IRS expects you, and the agency, to get a statement detailing that income. The information is slightly
IRS Annual Inflation Adjustments for 2013
WASHINGTON — The Internal Revenue Service announced today annual inflation adjustments for tax year 2013, including the tax rate schedules, and other tax changes from the recently passed American Taxpayer Relief Act of 2012.
2012 Standard and Itemized Deductions
Most taxpayers claim the standard deduction amount. The amounts are adjusted each tax year for inflation. For 2012, the standard deduction for taxpayers younger than 65
Newlywed Tax Advice
Congratulations! This exciting time in your life can bring lots of changes, such as moving into a new apartment, buying a house, combining finances or joining families. It’s so fun to start out your new life together, but it’s a