Category: Taxes
Freelance Writing Tax Tips
Here’s a tidbit of information for freelance writers and small business owners. This information isn’t so much a tip on how to increase your writing speed or how to find new clients. It more has to do with the accounting end of the freelance writing business. Most freelance writers are in the writing business to [...]
Completing Tax Form 5405: First Time Home Buyer’s Credit Form
IRS Form 5405 is the First Time Home Buyer Credit and Repayment of the Credit form. As the form title indicates, it is used for people who took the first time home buyer credit. Form 5405 is not a stand-alone form. It must be attached to your tax form 1040 or 1040X when filing your [...]
Tips for Completing IRS Form 2555
IRS tax form number 2555 is called the Foreign Earned Income form. This form must be filed in conjunction with your tax form 1040. Form 2555 can only be used by US citizens and resident aliens. The form is used to report foreign income and deductions for foreign expenses such as meals, lodging, transportation and [...]
2009 Federal Tax Instructions for Form 1040A
Each year taxpayers must file Federal income tax returns. The process can be overwhelming if you don’t approach it correctly. Filing taxes is like eating an elephant. The only way to get it done is to do it one step (or one bite) at a time. If you’re about to file Federal form 1040a, you [...]
2009: IRS Tax Form 1040 Instructions
The Internal Revenue Service requires most working individuals to file their taxes by the April 15th tax due date. IRS Form 1040 (U.S. Individual Tax Return Form) is one of the many available forms for filing taxes. Following the instructions for this form will help individuals, not corporations or partnerships, to successfully file their taxes. [...]
How to Survive an IRS Audit
You go to the mailbox and there it is – a notification from the IRS that you are being audited. Once the blood flow returns to your brain and you come back to your senses, remain calm. This is not a time to panic. Many people have survived an IRS audit and so can you. [...]
2008 Instructions for Federal Tax Form 1040
Each year tax filers complete the IRS 1040 tax form. This form is entitled U.S. Individual Income Tax Return. Each year the government makes changes to the form so if you have not filed your 2008 tax returns, you may not use the instructions from 2007 or 2009. You must use the 2008 instructions which [...]
Small Business and Taxes: Depreciating Office Equipment
As a home based or small business owner, is very important to take advantage of every tax benefit the federal government has to offer. Whether your office is located in your home or outside of the house, you can realize tax credits by depreciating your office equipment. The federal government has specific rules and regulations [...]
