Category Archives: Taxes

When do You Need to Submit a 1040 Form?

When do You Need to Submit a 1040 Form?

There are several types of federal tax return forms. Individuals and businesses are required to use the form that best fits their particular circumstance and allows them to claim the income, deduction, etc. that apply to them.

If you are a new business owner and are required to obtain an Employer Identification Number (EIN) for tax purposes, IRS-EIN-Tax-ID offers a simplified online application to avoid common mistakes. Your EIN will be delivered to you via secure email within 24 hours.

Individual Income Tax Return (Tax Form 1040)

IRS tax form 1040 is the basic tax form used to report an individual’s federal gross income. This included goods, money, services, and property. Form 1040 is more extensive than other forms and is considered the “long form”. Furthermore, form 1040 allows individuals to claim various tax credits and expenses, adjusted income, and itemize deductions. Form 1040 provides more opportunities than the shorter forms to reduce their tax obligations.

When Must You Submit Form 1040

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Changes in Business Law in 2017

Changes in Business Law in 2017

With Brexit on the horizon and a snap general election announced recently by Prime Minister Theresa May, the future is looking very uncertain, and uncertainty is a difficult climate to do business in. Businesses need to have firm expectations about what the future will be so they can make long term plans, and this is… Continue Reading

How Do I Know I Need A TIN?

How Do I Know I Need A TIN?

One thing that most people dread doing is taxes. When tax season rolls around, we would rather be doing literally anything else, which is why many of us choose to have professionals handle our taxes rather than deal with it ourselves. However, one item that you must have is a tax ID number or TIN.… Continue Reading