The California Employee's Withholding Allowance Certificate, California Form DE 4, must be completed so that you know how much state income tax to withhold from your new employee's wages. The importance of having each employee file a state withholding certificate as well as a federal Form W-4 cannot be overstated, so make its completion a priority. (The federal form can be substituted for the state form, for state tax purposes, in certain circumstances.)

The Arkansas Employee's Withholding Exemption Certificate, Arkansas Form AR4EC, must be completed so that you know how much state income tax to withhold from your new employee's wages. The importance of having each employee file a state withholding certificate as well as a federal Form W-4 cannot be overstated, so make its completion a priority. (The federal form can be substituted for the state form, for state tax purposes.)

The Alabama Employee's Withholding Exemption Certificate, Alabama Form A-4, must be completed so that you know how much state income tax to withhold from your new employee's wages. The importance of having each employee file a state withholding certificate as well as a federal Form W-4 cannot be overstated, so make its completion a priority.

The Employee's Arizona Withholding Percentage Election, Arizona Form A-4, must be completed so that you know how much state income tax to withhold from your new employee's wages. The importance of having each employee file a state withholding certificate as well as a federal Form W-4 cannot be overstated, so make its completion a priority.

There are several methods to figure income tax withholding, based on information you get from your employees on Form W-4, Employee's Withholding Allowance Certificate. This method is called the Wage Bracket Method.

This IRS checklist is intended to aid in keeping SIMPLE IRA plans in compliance with tax rules. However, the 10-question checklist is not intended to be a complete description of all plan requirements.

This IRS checklist is intended to aid in keeping SEP IRA plans in compliance with tax rules. However, the 10-question checklist is not intended to be a complete description of all plan requirements.

If you are self-employed, unincorporated, and have only one retirement plan, the IRS requires you to use the following rate table or rate and deduction worksheets to figure your deduction for contributions you made for yourself to a SEP-IRA or qualified plan. The table and worksheets provided here are reproduced from IRS Publication 590, Individual Retirement Arrangements (IRAs).

A tax credit is available to certain low-income individuals if they are at least age 65 or older before the close of the tax year, and to individuals under age 65 if they are retired with a permanent and total disability and have taxable disability income from a public or private employer.

If your total business income, from all Schedule Cs combined and from any partnership or S corporation income that is treated as self-employment income, is $400 or more, you must file a Schedule SE and pay SECA tax on your entire net business income, including the first $400.

If you employed a person to perform work in your household and you had control over the what the person did and how they did it, then you must complete Schedule H. You must file Schedule H even if you don't file an individual income tax return. Be aware that, if you have to file Schedule H, you must also provide the household worker with a Form W-2 and send copies of Form W-2 and W-3 to the Social Security Administration.

If you rented out residential or commercial real estate during the year, you will normally report your income and expenses from this activity on Part I of Schedule E.

Farmers must report their income from farming in a variety of different ways. If you are in the trade or business of farming, you must complete and file Schedule F, along with your IRS Form 1040. This form is very similar to Schedule C, and most of your expense deductions, tax credits, and gains and losses are computed using the same rules.

If you sold any stocks, bonds, options, or other securities; a home or other real estate; art, antiques, rugs, jewelry, precious metals, or other collectibles; or property used in a trade or business or used to generate income; or if you had any capital gains distributions from mutual funds or REITs, you will have to complete and file Schedule D and file it with your Form 1040. You won't be able to use either the 1040A or the 1040EZ form.

A special tax credit, known as the earned income credit or EIC, is available to lower-income taxpayers who have at least some earnings from personal services during the year. In order to be eligible for the EIC, you must earn at least $1 during the year at a job or self-employment, and meet other income requirements.

If you are the sole owner of a business or operate as an independent contractor, you will need to file a Schedule C to report income or loss from your business activities.

If you are the sole owner of a business or operate as an independent contractor, you will need to file a Schedule C to report income or loss from your business activities.

If your deductible personal and family expenses, as defined by the IRS, add up to more than the standard deduction for your filing status, and you have the records to prove them, you should itemize your deductions instead of claiming the standard deduction.

A tax credit is available to certain low-income individuals if they are at least age 65 or older before the close of the tax year, and to individuals under age 65 if they are retired with a permanent and total disability and have taxable disability income from a public or private employer.

To claim the credit for child and dependent care expenses, if you are filing Form 1040A, you must use Schedule 2, Parts I and II.

All taxpayers filing Form 1040A with interest and/or dividend income exceeding $400 must file a Schedule 1.

This IRS checklist is intended to aid in keeping SARSEP plans in compliance with tax rules. However, the 10-question checklist is not intended to be a complete description of all plan requirements.

There are several methods to figure income tax withholding, based on information you get from your employees on Form W-4, Employee's Withholding Allowance Certificate. This method is called the Percentage Method.

The federal Employee's Withholding Allowance Certificate, Form W-4, must be completed so that you know how much federal income tax to withhold from your new employee's wages. The importance of having each employee file a Form W-4 cannot be overstated, so make its completion a priority.

Many people can calculate their taxes using the tax tables provided by the IRS in the instructions to the 1040EZ, 1040A, or 1040. Simply take the taxable income amount from Line 43 of Form 1040, Line 27 of Form 1040A, or Line 6 of Form 1040EZ, go to the IRS tax tables (included in the instructions to any of these forms) and find the line in the bold-faced column that includes your income amount, and read across to the right to find the column that pertains to your filing status. The amount shown at the intersection between the income line and the filing status column will be your tax.