What Is a 1040 Tax Form and How Does It Work?
Key Takeaways - What Is a 1040 Tax Form and How Does It Work? The 1040 tax form is the form taxpayers use for filing federal taxes. It's also a form that plenty of people have trouble filling out or ...
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Form 1040: U.S. Individual Tax Return Definition, Types, and Use
Internal Revenue Service. "Topic No. 551, Standard Deduction." Internal Revenue Service. "Schedule 1 (Form 1040)." Internal Revenue Service. "Schedule 2 (Form 1040)." Internal Revenue Service.
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Form W-2G: Certain Gambling Winnings, Guide, and Filing How-Tos
Winnings are taxable income and must be reported on Schedule 1 of Form 1040. The Internal Revenue Code (IRC) cites gambling winnings as taxable income and the IRS wants to know how much you win.
Use Venmo, PayPal? Why you're being sent a 1099-K this tax season
If you're receiving payments on platforms like Venmo or PayPal, you'll likely get 1099-Ks at tax time. What are they and what do they mean for you.