2018-01-03 15:51
Tax professionals Guidelines for Data security of tax client data:Tax professionals can protect taxpayer data by simply looking around their own offices. Preparers can look for places where… Read More
Blog Directory > Business Blogs > Careers & Industries Blogs > American information for free | US Tax information careers-and-industries Blog >
American Information For Free | Us Tax Information Blog
outsource2.blogspot.com
Tags:
credit
social security
bonds
painting
business
benefit
qualified medical coverage
region
lowincome housing credit
taxpayer
BPO (Business Process Outsourcing) Blog - Discuss BPO,Get latest updates on BPO, BPO in India, BPO in USA, Why Outsourcing to India? American Information online , US taxation guide, 1040 preparation guide
2018-01-03 14:31
Form 8903 is used to assert the domestic manufacturing sports Deduction by means of small and big groups. This deduction is supposed to provide tax incentives for businesses that produce max… Read More
2018-01-03 14:27
Moving expenses Under 1040:if you moved to a brand new area because of paintings this year, you could qualify to apply IRS form 3903 to assert the cost of your moving prices as a deduction t… Read More
2017-12-29 16:36
A passive activity is any rental activity OR any business in which the citizen does not really take an interest. No passive exercises are organizations in which the citizen takes a shot at a… Read More
2017-12-29 16:32
Government disability is an elected program giving month to month advantages to retirees, impaired laborers and their survivors. Government managed savings benefits are paid out month t… Read More
2017-12-27 12:45
Business Tax Credits under 1120/1065:Various government wage charge credits accessible to organizations that are assembled together and can be guaranteed utilizing IRS Form 3800. Business ch… Read More
2017-12-27 12:42
Homeowners credit under 1040:a) Mortgage Interest Credit: - The home loan intrigue credit helps bring down pay people manage the cost of home possession. You should contact the proper g… Read More
2017-12-27 12:40
a) Lifetime Learning Credit:- A credit for up to $2,000 per year to pay for qualified tuition and required enrollment fees at an eligible educational institution for you, your spouse or a de… Read More
2017-12-27 12:36
Income and Savings credit under 1040:a) Earned Income Tax Credit - The Earned Income Tax Credit, EITC or EIC, is an advantage for working individuals with low to direct salary. To qualify, y… Read More
2017-12-27 12:33
a) Premium Tax Credit (Affordable Care Act):- • If you, your life partner or a subject to your government form bought medical coverage scope from the governmentally encouraged or a… Read More
2017-12-27 12:27
1. Family & Dependents :a) Earned Income Tax Credit-The Earned Income Tax Credit, EITC or EIC, is an advantage for working individuals with low to direct wage. To qualify, you should… Read More
2017-12-27 12:24
Expense credits that can spare your Tax obligation in 1040: An expense credit is a measure of cash a citizen can subtract from charges owed to the legislature. The estimation of an expe… Read More
2017-12-21 15:22
Trump GOP Tax Plan, Cuts and Changes in 2017, 2018 and Beyond- Latest Updates and Final Bill1. Estate and Death Tax: - Doubles the exemption for the estate tax… Read More
2017-12-21 05:54
Prior year items to be checked for preparing 1040 return:Points to be verified from Prior year tax return for preparing current year 10401. General Information… Read More
2017-12-13 16:26
What is new in 1040 filing for 2017 ? Latest update in 1040 filing this year:The Internal Revenue Service (IRS) has declared the yearly swelling changes for various arrangements for the year… Read More
2017-12-12 11:46
Which expenses reduces your Tax liability ? Itemized deductions in 1040:When searching for ways to reduce your taxable income, itemizing your deductions can really maximize your tax savings… Read More
2017-12-11 12:05
CARRY OVER OF LONG TERM CAPITAL LOSSESA capital loss carryover is the net amount of capital losses that aren't deductible for the current tax year but can be carried… Read More
2017-12-11 11:40
REAL ESTATE LOSSESRenting a residential property is considered "passive activity", which means it is a side-business that doesn't require paying self-employment taxes.If your rental property… Read More
2017-11-30 16:28
More about Estate tax return filing :Estate/trust-1041:- An estate or trust can generate income that must be reported on Form 1041, United States Income Tax Return for Estates and Trusts. Ho… Read More
2017-04-18 16:19
Starting this year, the deadline for filing the annual Report of Foreign Bank and Financial Accounts (FBAR) is now the same as for a federal income tax return. This means that the 2016 FBAR… Read More
2017-03-22 18:03
Make an electronic payment and get an automatic extension of time to file.An extension of time to file will automatically process when you pay all or part of your taxes electroni… Read More
2017-03-22 17:17
Tax Credit Facts:Taxpayers who have adopted or tried to adopt a child in 2016 may qualify for a tax credit.The Credit. The credit is nonrefundable, which may reduce taxes owed to zero. If th… Read More
2017-03-02 05:55
Not filed 1040 for 2013 ? last chance to file and claim your refund back...:There is one Wohh news for US tax filers.. those who have forgot to file their 2013, 1040 tax return with re… Read More
2017-02-14 12:29
Simplified Method for Computing Home Office Deduction :A simplified method for computing the qualified home office deduction is available. Under this method, the deduction equals $5 (for 201… Read More
2017-02-10 15:44
Free 1040 Tax Preparation - Who is eligible ?:The word Free Tax filing getting excited ???? Most of us have question Am I eligible for free tax filing of my 1040 ? Here is some clarification… Read More
2017-02-07 16:58
Getting Call demanding immediate payment in the name of IRS?:Tax season has kicked in and many scams are running in the name of IRS. Tax filers don't yield to such scams and pay or provided… Read More
2017-02-06 16:53
Dangerous W-2 Phishing Scam Evolving; Targeting Schools, Restaurants, Hospitals, Tribal Groups and OthersWASHINGTON – The Internal Revenue Service, state tax agencies and the tax indus… Read More
2016-11-30 11:32
What is new for 1040 for the year 2016 ?:10 Important Changes for Tax Year 20161. Tax Day is April 18.The Washington, D.C., holiday of Emancipation Day is on Friday, April 15, 2016. Under fe… Read More
2016-04-20 16:22
April 18 was this year’s deadline for most people to file their federal tax return and pay any tax they owe. If you are due a refund there is no penalty if you file a late tax return… Read More
2016-04-13 07:25
Failed to file before April 15!!!!!The Internal Revenue Service today reminded taxpayers who are unable to file their tax returns on time that it’s easy to get more time to complete th… Read More
2016-02-02 15:37
7216 consent form for outsourcing tax return for free download:What is §7216?Internal Revenue Code §7216 is a criminal provision enacted by the U.S. Congress in 1971 that prohibits… Read More
2016-01-22 10:15
Do I need to file 1040 this season?:Most people file a tax return because they have to, but even if you don’t, there are times when you should. You may be eligible for a tax refu… Read More
2016-01-13 16:14
Form 1098 T:When the amount in Box 5 (scholarships or grants) is greater than the amount in Box 2 (amounts billed), the “difference” should be included on the student’s fed… Read More
2016-01-13 16:13
Gambling Winnings or losses:Gambling winnings are fully taxable and must be reported on the tax return. Gambling income includes but is not limited to winnings from lotteries, raffles, horse… Read More
2016-01-13 16:12
529 Plan Contributions (Qualified Tuition Program) :A Qualified Tuition Program (QTP) also called "529 plan", formerly called a Qualified State Tuition Program (QSTP), is a program esta… Read More
2015-12-24 06:49
Who is eligible to claim earned income credit?:If filing...Qualifying Children ClaimedZeroOneTwoThree or moreSingle, Head of Household or Widowed$14,880$39,296$44,648$47,955Married Filing Jo… Read More
2015-12-17 11:05
Form 1099-K taxable in 1040?:Before we come to conclusion as to tax ability of amount given in 1099K we must know what is 1099-k?The IRS uses third-party information reporting on forms in th… Read More
2015-12-16 15:30
Scholarship or grants in form 1098 t tuition fee is it taxable ?When the amount in Box 5 (scholarships or grants) is greater than the amount in Box 2 (amounts billed), the “differ… Read More
2015-12-15 17:18
Important QuickBooks Certification Exam InformationRE: QuickBooks Certification Exam Structure ChangesNBA's QuickBooks Certification is America's #1 QuickBooks certification.Beginning Januar… Read More
2015-12-15 10:08
What is new for tax year 2015 in 1040 ?:Personal Exemptions The personal and dependent exemption for tax year 2015 is $4,000.Standard DeductionsThe standard deduction for married… Read More
2015-12-15 09:58
Most of us are gearing for tax season 2015 !!!.. Most of the tax rates are ready from IRS. As a preparer you might be fresher or with some idea about tax or a pure fresher who wish to p… Read More
2015-07-14 12:35
Each year the IRS mails millions of notices and letters to taxpayers. If you receive a notice from the IRS, here is what you should do: Don’t Ignore It. You can respond to most IR… Read More
2015-04-10 15:22
Last-Minute Filing Tips:If you haven’t done your taxes yet, don’t despair. There’s no time like the present to prepare and file your 2014 tax return. Visit IRS.gov for tax… Read More
2015-04-02 10:52
Who Should File a 2015 Tax ReturnMost people file their tax return because they have to, but even if you don’t, there are times when you should. You may be eligible for a tax ref… Read More
2015-04-02 10:51
The Child and Dependent Care Credit can help offset some of the costs you pay for the care of your child, a dependent or a spouse. Here are 10 facts the IRS wants you to know about the tax c… Read More
2015-04-02 10:50
The April 15 tax-filing deadline is fast approaching. Some taxpayers may find that they need more time to file their tax returns. If you need extra time, you can get an automatic… Read More
2015-04-01 16:39
Need more time to file your federal income taxes? Consider an extension:These days, life can be hectic and something is bound to be forgotten in the shuffle, even filing your income tax retu… Read More
2015-01-22 16:29
WASHINGTON — Aggressive and threatening phone calls by criminals impersonating IRS agents remain near the top of the annual "Dirty Dozen" list of tax scams for the 2015 filing season… Read More
2014-10-28 05:19
The Internal Revenue Service today reminded the nation’s more than 690,000 federal tax return preparers that they must renew their Preparer Tax Identification Numbers (PTINs) for 2015… Read More
2014-08-15 17:38
The IRS is again warning the public about phone scams that continue to claim victims all across the country. In these scams, thieves make unsolicited phone calls to their intended victims. C… Read More
2014-08-13 11:52
Six Tips for People Who Owe TaxesWhile most people get a refund from the IRS when they file their taxes, some do not. If you owe federal taxes, the IRS has several ways for you to pay. Here… Read More
2014-07-07 13:51
Taxes may not be high on your summer wedding plan checklist. But you should be aware of the tax issues that come along with marriage. Here are some basic tips that can help keep those issues… Read More
2014-07-02 13:52
Each year the office mails variant notices. Here’s what you must do if you receive a notice from the IRS:1. Don’t ignore it. you'll reply to most office notices quickly and… Read More
2014-07-01 15:22
Unused ITINS to Expire After Five Years; New Uniform Policy Eases Burden on Taxpayers, Protects ITIN IntegrityWASHINGTON — Individual Taxpayer Identification Numbers (ITINs) will expir… Read More
2014-06-13 11:33
Payday loans are illegal in New York State. It is a violation of New York State law to make payday loans in-person, by telephone, or over the Internet. It is also illegal for a debt collecto… Read More
2014-04-16 11:54
Eight Facts concerning Penalties for Filing and Paying Late April 15 is the tax day deadline for many individuals. If you’re due a refund there’s no penalty if you file a la… Read More
2006-06-07 11:16
Early Retirement Plan Withdrawals is taxable :Taking money out early from your retirement plan may trigger an additional tax. Here are seven things from the IRS that you should know about ea… Read More
2006-06-07 11:16
1. The Earned Income Tax Credit is a refundable credit for people who work but don’t earn a lot of money. It can boost your refund by as much as $6,044. You may be eligible for th… Read More
2006-06-07 11:16
Are Your Social Security Benefits Taxable?Some people must pay taxes on part of their Social Security benefits. Others find that their benefits aren’t taxable. If you get Social Securi… Read More
2006-06-07 11:16
1. The Taxpayer Advocate Service (TAS) is an independent organization within the IRS and is your voice at the IRS.2. We help taxpayers whose problems are causing financial difficul… Read More
Subscribe to American Information For Free | Us Tax Information
Get updates delivered right to your inbox!