Free Tax Tips

Posts Tagged ‘form’

Question: Should int income from cashed savings bonds and div int on insurance policy be on 8A of 1040A tax form?

Answer: They are interest like any other interest. If the total is more than $1500, don’t forget schedule B.

How to Complete a 1040A Tax Form : 1040A Child Tax Credit Tips

Question: Who do I issue 1099 Misc to?

Hi, I apologize if this question was taken up at some time. I am new in the 1099 Misc issuance field. Just need your advise if 1099 Misc are required for: Blue Cross insurance payments, AFLAC insurance payments, property and liability insurance payments (including broker payments), payments for life insurance, payments to payroll services provider, payments to waste collector, payments to locksmith, payments for car repairs, mortgage payments, and payments to utility companies (DWP) and Phone (landline and cellphone) companies.

Again, I apologize. I have read through the IRS instructions but am still confuse. I would not like to make a mistake.

Thanks.

Answer: You really are confused.

You do not issue one to ANY of those people.

1099 is for independ contractors who you hire to work for you, not companies that you pay for services with.

Question: have lost my tax credits award form can i request a replacement?

Answer: Go to www.irs.gov

In South Bergen, grant-happy communities still have money on the books

Rutherford has over $1.1 million in unspent grant money

realestate2cash_SDIRA3of5.mov

Question: I never got a form mailed to me stating the qulaifications for the irs rebate check, what doesa that mean ?

I just want a clearer understanding because i dont want to expect something and then get let down. Because my largest income was from self-employment and my total amount from federal taxes (refund) was only 1683.00 and majority was from the child tax credit from my daughter, which was 1100.00 by itself, any thoughts on this?

Answer: The fact that you didn’t get the first letter is meaningless. They’re still sending them out — my neighbor got his yesterday but I still have not.

Any rebate is based upon your tax LIABILITY before credits and (maybe) qualifying income. The amount of any refund is meaningless to the calculations.

Go here for full information, straight from the horse’s mouth: http://www.irs.gov/newsroom/article/0,,id=177937,00.html

Restoration Comedy- DC Or Not DC

Washington DC is a swamp in more ways than one. But an estimated 30,000 desperate homeowners have or will be coming to DC in the middle of a heat wave to attend the Neighborhood Assistance Corporation of America’s Save the Dream event.

Self Employment IRS Income Tax Rate Information & Help 2009, 2010.mov

Question: how to increase State Income Tax Withholding in massachusetts?

I would like to increase my state tax withholding from 1 to 2 – what form do I need to fill out & submit to my employer?

Answer: The Massachusetts state income tax witholding form is Form M-4, similar in function to the federal W-4.

NC Leaders Pleased Bill Could Close Gap By $343M

North Carolina likely won’t have to make across-the-board government spending cuts and could see thousands of additional public school positions preserved now that extra money appears headed to the state from Washington.

Tax Tip: Withholding Calculator – January 2010