Have you recently received a Schedule K1 tax form? This tax form is necessary for the declaration of your share from an estate/trust, partnership, or corporation to the Internal Revenue Service (IRS). You don't have to file this form personally to the IRS, but you need to properly accomplish one annually. Get to know more about the K1 tax form in the discussion below. Things … [Read more...]
Are Health Insurance Premiums Tax Deductible?
Are health insurance premiums tax deductible? It’s a question that tends to come up each year as people start thinking ahead about their taxes. It is also a question that’s hard to answer because there are many things involved in taking tax deductions. At one time, every person had to have health insurance or pay a tax penalty based on the rules set forth by the Affordable Care … [Read more...]
IRS Forms And How To Fill Them Out | Your Easy IRS Form Tax Guide
A sight of all those IRS forms makes us feel confused as to which form we should use most of the time. The Internal Revenue Services is pretty strict with filing tax forms. If you have no proper experience in filing IRS tax forms, this can come as a great challenge. To help you out, we have listed some of the most important income tax forms and how you can properly accomplish … [Read more...]
9 US Tax Forms and Their Purpose [INFOGRAPHIC]
The Internal Revenue Service (IRS) requires different US tax forms for various tax-related transactions with the federal government. There's a lot of US tax forms available, and it is probably difficult for a taxpayer to figure out those that are highly relevant and necessary for him or her. Below are just some of the IRS tax forms taxpayers accomplish and submit the most. 9 … [Read more...]
2018 Taxes Deadline And What To Do If You’re Late
Taxes deadline means the last day for people to file their taxes. Missing this very important deadline can spell trouble for you and your finances if mishandled. Thankfully, we have a ton of tips for you to use to help you get out of this sticky situation. So if you missed your deadline, here's what you can do to make things better! Taxes Deadline | Missed Me? 1. 2018 … [Read more...]
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