FILING STATUS
IF AN INDIVIDUAL NEEDS TO FILE AN INCOME TAX, THEY NEED TO FILL OUT THIS FORM
WHAT IS A 1040
WHAT IS SCHEDULE E
WHAT IS EARNED INCOME
THIS IS WHAT A TAXPAYER UTILIZES TO REDUCE THEIR TAXABLE INCOME
WHAT IS A DEDUCTION
THIS IS KNOWN AS THE WORST FILING STATUS; YOU MIGHT HAVE A SPOUSE, BUT YOU'LL MISS OUT ON A TON OF BENEFITS IF YOU USE THIS STATUS
WHAT IS MARRIED FILING SEPARATELY
IF A TRUST OR ESTATE NEED TO FILE AN INCOME TAX FORM, YOU NEED TO ADD ONE AND FILL OUT THIS FORM
WHAT IS 1041
SELF-EMPLOYMENT INCOME NEEDS TO GO ON THIS SCHEDULE
WHAT IS SCHEDULE C
YOU CAN HAVE THIS TYPE OF INCOME TO QUALIFY FOR THE EIC, BUT IT MUST BE LESS THAN $11,000
WHAT IS INVESTMENT
THE BIGGEST REASON THAT THERE MIGHT BE LOW REFUNDS IS BECAUSE TAXPAYERS MIGHT HAVE CLAIMED FEWER THESE, PROBABLY BY MAKING A MISTAKE ON A W-4
WHAT ARE WITHHOLDINGS
ONE IS THE LONELIEST NUMBER; IF YOU DON'T HAVE A SPOUSE, YOU'RE GOING TO USE THIS FILING STATUS
WHAT IS SINGLE
PARTNER UP: MULTI-MEMBER LLCS AND OTHER PARTNERSHIPS NEED TO FILE THIS FORM
WHAT IS 1065
CAPITAL GAIN, WHETHER LONG OR SHORT TERM, GO ON THIS SCHEDULE
WHAT IS SCHEDULE D
AS A CHILD, THIS WOULD MEAN YOU DON'T GET PAID FOR TAKING OUT THE TRASH; AS A TAXPAYER, THIS TERM MEANS THAT YOU NEED TO FILL OUT A FORM 8862
WHAT IS DISALLOWANCE
THIS DOLLAR FOR DOLLAR REDUCTION IN TAX LIABILITY CAN BE REFUNDABLE OR NON-REFUNDABLE
WHAT IS A CREDIT
IF YOU'RE CONSIDERED UNMARRIED AT THE END OF THE TAX YEAR, AND YOU HAVE A QUALIFYING DEPENDENT, YOU CAN UTILIZE THIS FILING STATUS
WHAT IS HEAD OF HOUSEHOLD
CORPORATIONS ARE PEOPLE TOO AND THEY NEED TO FILE THIS FORM
WHAT IS 1120
DON'T FAIL: YOU NEED TO USE THIS SCHEDULE IF YOU HAVE INCOME RELATED TO A FARM
WHAT IS F
IT CAN HELP TO GET THE EIC IF YOU HAVE ONE OF THESE AND THAT PERSON OR PERSONS MEET FOUR TESTS
WHAT IS A QUALIFYING CHILD
THIS IS THE TERM THAT YOU USE TO DESCRIBE THE INCOME THE IRS IS ALLOWED TO TAX US TAXPAYERS ON CITIZENS OR RESIDENT ALIENS (MEANING IT COMES FROM AROUND THE GLOBE)
WHAT IS WORLDWIDE
THE BEST FILING STATUS REQUIRES A LEGAL SPOUSE AND IF YOU FILE USING THIS STATUS, YOU TWO WILL GAIN THE HIGHEST POSSIBLE STANDARD DEDUCTION
WHAT IS MARRIED FILING JOINTLY
IT'S AN EMERGENCY AND YOU DON'T NEED TO CALL, BUT YOU CAN FILE THIS FORM
WHAT IS 911
IF A CX WANTS TO CLAIM BELOW THE LINE DEDUCTIONS, THEY NEED TO USE THIS SCHEDULE
WHAT IS A
YOU NEED TO HAVE THIS NUMBER, BOTH TO QUALIFY FOR EIC AND TO GET CERTAIN FEDERAL BENEFITS WHEN YOU REACH RETIREMENT AGE
WHAT IS SOCIAL SECURITY
THESE ARE THE TWO QUALIFICATIONS TO CLAIM A EXPENSE AGAINST YOUR SELF-EMPLOYMENT INCOME
WHAT ARE ORDINARY AND NECESSARY