How to Look up IRS Past Payments
This past weekend, I learned how to look up past IRS payments. So I thought I may as well share it with you. You’re welcome. If you’re anything like me, it’s chaos around tax time. I don’t even do my own taxes- I just have to hand the information over to my CPA. And that […]
How to Get an EIN
If you own a business in the United States, you will likely need an EIN- Employer Identification Number. First let’s learn a little bit about it and then see how to get an EIN. What is an EIN? An Employer Identification Number, also called a Federal Employer Identification Number (FEIN)- since states also sometimes issue […]
Taxable Income: Form 1040 Decoded
As we go down Form 1040 in your personal tax returns, we talked about Total Income and Adjusted Gross Income in the last couple of weeks. Today, we move on to the most important one- Taxable Income. In brief, Total Income is just that. All your income from employment or business, as well as investments- […]
Adjusted Gross Income: Form 1040 Decoded
Last week, we took a look at how Total Income is defined for tax purposes. Today, we go down the 1040 to see what’s next: Adjusted Gross Income. Adjusted Gross Income Your Total Income (line 7b) on Form 1040 minus Adjustments to Income = Adjusted Gross Income. The Adjustments to Income come from line 22 […]
Total Income: Form 1040 Decoded
Form 1040 is the form individual taxpayers use in order to file their tax returns. You can find a ton of information on the 1040, today we will focus on the Income aspect. Different aspects of your finances are collated via different other Forms and Schedules. All this information comes together in Form 1040 to […]
How to File FBAR
I was late to the FBAR party. I did not even know there was such a thing. And none of the *fabulous* CPAs who did our taxes for the first decade and a half of our lives in the U.S. told us about it. So, if you have any foreign accounts, you need to file […]
How to Pay Taxes Online
It’s easier. It’s greener. You can do it ahead of time- a whole year ahead, in fact. What’s not to like? Here is how to pay taxes online. IRS Online Payment If you google “pay taxes online”, the irs.gov/payments webpage comes right up. This is how the page looks. To pay your taxes, you have […]