Textbook Tax

It is officially tax season, meaning you can now file your 2019 tax return! Additionally, by this point in February, you should have received your W-2 ( Understanding your Form W-2 ) and/or Form 1099 from your employer(s). So, you can now file your 2019 tax return at your convenience. If you are eager and want to receive your tax refund sooner, plan to file your tax return sooner rather than later. If you do not care about your refund, you have until April 15 to file your tax return. As you may or may not know, the Form 1040, or the U.S. Individual Income Tax Return, is the base tax form for U.S. taxpayers filing their federal income tax return. In 2019, only one version of the Form 1040 exists. However, depending upon your specific situation, you may have to file additional forms and schedules along with your Form 1040. Below, I will detail the Form 1040, providing an easy to follow explanation about the items and reporting requirements of the Form 1040. The following should h...

For most individual taxpayers, the Form W-2 is the most important tax document for tax filing season. The W-2, or the Wage and Tax Statement, reports your taxable income amount from your employer. The W-2 Form also reports the taxes withheld by your employer as well as social security and medicare payment amounts for the year. Related Posts -  How to rent your house tax-free? -  How to determine your tax filing status? -  How to Pay Taxes as an Independent Contractor? -  How to file a tax return for your kids when they make money in 2019? The W-2 is an obligation of the employer. Your employer must prepare your W-2 Form. Additionally, they provide copies of the W-2 to you and the IRS. The employer must deliver the W-2s by January 31 for the previous tax year. So, the employer must deliver its W-2s by January 31, 2020 for the 2019 tax year. If you do not receive your W-2 by mid-February, you should contact your employer. Note that many people elect to receive ...