Category: Taxes

Instructions to Fill Out Form 1120

Instructions to Fill Out Form 1120

Important Form 1120 Attachments: Schedules N, D, and O Forms 4626, 8050, 1125-A, 4136, 8941, and 3800 The other schedules (alphabetically) Other forms (numerically) Required statements Form 1120 is an IRS tax form and is used to file income tax returns for huge corporations. The income, ...

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Instructions to Fill Out Form 1040X

Instructions to Fill Out Form 1040X

Please Remember Form 1040X cannot be filed online; you have to file it only by paper. The returns must be filed as well as mailed separately for each year. IRS tax Form 1040X is filled when you have made some errors in some previously filed income tax returns and need to amend them. You will have to be very ...

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Form 1096 FAQ

Form 1096 FAQ

The Internal Revenue Service publishes various forms every year. These forms are mailed to the IRS in order to report some or the other information. There are some forms, however, which are used to report other forms. That is, they act as covering documents for various other forms. Hence, if you have queries about ...

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Instructions for 1040 Schedule A

Instructions for 1040 Schedule A

The instructions for the Form 1040 Schedule A are quite easy to understand and fulfill. All you will need is the Form 1040 from the Internal Revenue Service (IRS), which can be either downloaded or can be requested by mail. Although, going to the main website and downloading the form is the faster method. The Form ...

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Federal Tax Brackets for 2012

Federal Tax Brackets for 2012

Tax experts assemble each year, around this time, to envision how the income brackets will look like, by assembling inflation data. This is done so that the tax rates are abreast with the rising inflation. The year 2010 saw some complexity due to the Bush-era tax cuts, but the matter was resolved and 2011 tax ...

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Alternative Minimum Tax 2012

Alternative Minimum Tax 2012

Alternative minimum tax or AMT is a type of tax that you have to pay if you fall into the bracket of high income earners according to the United States government. Contrary to popular belief, it's not an additional tax. It is a parallel system of calculating tax which was formulated in 1969 as the Congress wanted ...

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How to Calculate Income Tax

How to Calculate Income Tax

Tax is a source of revenue for the government which is used for the benefit of the people, and every corporation or earning individual should pay taxes to the government. Income tax calculation can be a tedious task for most people since there are various types of tax systems which are prevalent like regressive, ...

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Flat Tax Vs. National Sales Tax

Flat Tax Vs. National Sales Tax

Strict and efficient taxation policies are a must for developing as well as developed countries in the world. The tax payer's money can be utilized for a variety of purposes which can make the public life more comfortable. Flat tax and national sales tax are the two main forms of taxation which should be studied ...

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