Modified adjusted gross income, or MAGI, is a crucial tax term to know if you want to qualify for valuable tax benefits.

There are a lot of reasons to love Roth IRAs, but the tax rules governing them are complex. Here’s what you should know.

Practitioners are working to get clients in line so they can fulfill IRS requirements to prove their clients qualify for ...

Disclosures: TurboTax Free Edition is for Simple Form 1040 returns only (no schedules except for Earned Income Tax Credit ... taxes and small business. Her work has appeared in a variety of ...

Undocumented immigrants must file U.S. taxes and may qualify for refunds. This guide explains how to obtain an ITIN, file ...

It can include income taxes on earnings and capital gains taxes on assets. Both are based on brackets, a percentage of the money earned ... file your Form 1040 individual tax return, so you ...

Navigating the world of self-employment comes with its unique challenges, especially when it comes to proving your income.

They can subsequently complete your tax filing forms ... a full 1040, and even more complicated tax situations such as an Earned Income Credit, or a K-1. Adding a State return tacks on an ...

Cash gifts must be reported as income to the employee ... on Schedule C of your federal Form 1040 tax return. If your business is structured as a partnership, a corporation, an S corporation ...

The deductions are documented on Internal Revenue Service Schedule C, which is filed with the small business owner's Form 1040 ... corporate income on their individual tax returns like other ...