Tax Forms In The United States

Seal of the United States Internal Revenue Ser...

Amending a Tax Return

Taxpayers who need to make a change or adjustment on a return they already filed can do so by filing an amended return. Here are the top 10 things every taxpayer should know about amending your federal tax return. 1. Taxpayers needing to amend their return use Form 1040X, Amended U.S. Individual Income Tax Return. Image via Wikipedia 2. Taxpayers can use Form 1040X to correct previously filed...

July 5th, 2009 by The Tax Man

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Gambling Winnings and Losses

Gambling winnings are fully taxable and must be reported on your tax return. Gambling income Image via Wikipedia includes, but is not limited to, winnings from lotteries, raffles, horse and dog races and casinos, as well as the fair market value of prizes such as cars, houses, trips or other noncash prizes. Depending on the type and amount of your winnings, the payer might provide you with a...

March 20th, 2009 by The Tax Man

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New Withholding Tables Now Available on IRS.gov; Most Workers Will See Bigger Paychecks this Spring

IR-2009-13, Feb 21, 2009 WASHINGTON ? The Internal Revenue Service today released new withholding tables that will result in more take-home pay this spring for millions of American workers. Image by Getty Images via Daylife The new tables incorporate the new Making Work Pay credit, one of the key tax provisions included in the American Recovery and Reinvestment Act of 2009 that became law earlier...

February 27th, 2009 by The Tax Man

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