As April 15 nears, millions of taxpayers this year will have to navigate the IRS' new Form 1040. It's the result of a campaign promise by then-presidential candidate Donald Trump to simplify tax rules so that a postcard-size form would be all an average taxpayer needs.
Every direct employee of a company receives a W-2 form in January. The W-2 is the base document that defines your tax obligations, so it is important that you review and understand yours. However, some people are confused by some of the form's numbers — for example, why the wage listed on a W-2 form does not always match salary — and simply fill in the information from each box into their tax forms without giving it a thorough review to verify that the information is correct.
Tax season is officially in full swing, and the Internal Revenue Service is now accepting and processing 2016 federal individual income tax returns. That means you’re due to get your tax forms and receipts in order, so you can be one step closer to your tax refund.
Civil and criminal penalties can apply to your taxes, and some IRS tax forms are more important than others.
You can get replacement tax forms online.
Here's your updated guide to what you should know about the form W-2, Wage and Tax Statement, for 2017.
Cybersecurity experts at this week’s RSA security conference are warning people to take steps to prevent hackers from stealing their W-2 forms and other sensitive tax documents.
Find out when you can expect all your tax forms to come.
Here's a quick rundown of the most common forms that are available on the Internal Revenue Service (IRS) website.
This guide will show you how to file a 2015 tax extension using IRS Form 4868 right from your iPhone, iPad, Android or Computer. You can use this guide to get an automatic six month extension to file your 2014 taxes with a free IRS Form.
As you crunch the numbers for your 2014 tax return, chances are you will be getting a refund that is near the national average of $2,900.
We’re just days away from the looming April 15 tax deadline. But that doesn’t mean there’s not still plenty of time to get those taxes in on time to avoid penalties. The first thing you may be asking is how to go about filing an extension. Remember, an extension to file is not an extension to pay, according to the IRS. Rather, the agency expects you to estimate how much you’ll owe and pay that now. The Internal Revenue Service says you can get an automatic six-month extension easily by e-filing your request-- for free-- using IRS Free File.
With Tax Day only a week away, the United States Postal Service reminds filers to pay special attention to Post Office retail hours and collection box pick-up times.
We all make mistakes, but mistakes on your tax return can be costly. You’ll do yourself a favor if you proofread your tax return carefully before filing it. Make sure you check your math, fill out all the schedules that apply to you, and sign it (or if you e-file, follow the instructions for Signing an Electronic Tax Return.
Before you file taxes, collect all your IRS Forms 1099 and pay attention to each one. The IRS sure does.
With the income tax filing deadline date of April 15 looming, many folks head to their local library to pick up necessary tax forms. That won't be so easy this year. The Forest Grove City Library has only limited number of tax forms and will not have any instruction booklets available for patrons to take home this year. The Library will provide printed tax forms at patrons' request at the reference desk at a cost of 10-cent per printed page. They ask that patrons only take two copies per planned return. Instruction booklets are available for photocopying and perusal, but the library cannot print or give away instruction booklets. Instruction booklets for 1040 and 1040A forms are available for seven-day checkouts.
The lead-up to this year’s tax-filing deadline has been filled with breaking news. Between new Affordable Care Act (ACA) requirements, concerns about fraudulent electronically filed tax returns, and the distribution of erroneous ACA tax forms, many taxpayers may be anxious as the clock ticks toward the April 15 tax-filing deadline. But while there are some challenges, the good news is that most of the best practices for filing an accurate return and lowering your tax bill haven’t changed. So if you still haven’t started your return, read these 10 tips for handling the new wrinkles; they might help you lower your tax-return anxiety.
Preparing and filing your taxes is an annual -- and potentially expensive -- ritual that can be a burden, especially if you don't make a lot of money. But there are a few free tax-prep and e-filing options available.
By now, you probably have a stack of tax forms from employers, banks and other issuers on your desk. Sometimes, those tax forms go straight to a tax professional, unopened. Other times, taxpayers may dutifully open those forms and type the information, box for box, into tax preparation software. In both cases, it’s not unusual for taxpayers to not have an understanding of the meaning of all of the numbers, letters and other information on those forms. That’s about to change.
The Internal Revenue Service has already said 2015 is going to be a crummy year for them – but that does not mean it has to be for you.