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If you’re wondering about why there’s such a wide variety of tax forms available from the IRS, you’re not alone. There are hundreds of them — literally — and it’s not always clear what they’re for and why you might need to file them. While there[……]
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If you make money from a job that doesn’t withhold income tax deductions, you should get familiar with Form 1040-ES and the easy-to-use vouchers that help you make quarterly tax payments. The IRS offers 1040-ES payment vouchers to streamline this process,[……]
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Each year, tens of millions of people in the United States file tax returns. With so many people to keep track of — many of them with similar names, birthdates and addresses — it could be pretty difficult for the IRS to keep up with who’s who and ens[……]
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The Aadhaar program in India is the largest biometric ID card system in the world. It’s a method of identifying Indian residents (rather than citizens) using a 12-digit Unique Identification Number (UID) based on biometric and demographic data like finger[……]
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During fiscal year 2021, the Internal Revenue Service (IRS) processed an estimated 261 million federal tax returns and various types of supplemental documents. As part of the filing processes, tax filers – including individuals and business entities – need[……]
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Filing your taxes can get extremely complicated; understanding what you need to report, when to do so, and how much time you’ll need to spend preparing your return can confuse even the sharpest minds. Fortunately, the Internal Revenue Service (IRS) publis[……]
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Whether you’re applying for a new apartment, starting at a new job or opening a bank account, you usually need to provide your IRS tax identification number. But what exactly is that? And what do you do if you don’t know yours? Fortunately, you do have some opti[……]
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In the United States, approximately 135,000 children are adopted annually. While many of those children already have a Social Security Number (SSN), allowing parents to claim the child as a dependent on their taxes, some of them don’t. In that situation, an adop[……]
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1040, W-2, 1099 — there are quite a few tax forms that most of us have heard of (or have had to file!) at least once in our lives. But for every familiar form you regularly submit, there are dozens more that you might not have encountered just yet. Form 1096 is one[……]
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Whether you own a brick-and-mortar business or you earn most of your income by freelancing from home, the way you earn money could create a unique tax situation for you. If you make all or a portion of your income through self-employment, you’ll likely[……]