Filing your taxes for the first time? Here’s everything you need to know, including the necessary forms, how to report your ...

The IRS is always on the lookout for tax returns that just don't make sense. Making these five errors can increase the ...

Lawmakers adopted the Tax Cuts and Jobs Act (TCJA) of 2017 and it represented the most significant tax policy overhaul since ...

15 (for income earned June 1 to Aug. 31) Here are some common tax forms independent contractors can expect to deal with: Form 1040-ES: Use this form to calculate and make quarterly estimated tax ...

Filing your own tax return is less expensive but a CPA can defend you if the IRS has a problem with your return. Your choice can depend on the complexity of your income.

The worksheet in IRS Publication 505 can help. Then submit Form 1040-ES with your payment. You don’t need to be precise, but you’ll want to pay enough to try to avoid an underpayment penalty.

It takes the average person about 13 hours to file Form 1040 or 1040-SR. The 13 hours include six hours of recordkeeping, two hours of tax planning, four hours to complete and submit the form ...

The IRS Estimated Tax Worksheet can help you do the math. If you've overestimated your earnings at the end of the year, you can complete a 1040-ES form to receive a refund or apply your ...

If you are starting a business, it is essential that you familiarize yourself with all of the necessary tax forms you will need to file with the IRS and the various taxes you will be required to pay.

“Other Income,” on Schedule 1 (1040). What Is a 1099-NEC Tax Form Used for? A 1099-NEC tax form is an IRS form to be filled out by businesses in order to report nonemployee compensation (NEC ...