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16 04, 2020

Schedule 3-Additional Credits and Payments

By |2020-05-12T14:04:18-07:00April 16th, 2020|Tax|0 Comments

Schedule 3-Additional Credits and Payments Schedule 3 is an IRS tax form that allows you to claim tax credits. Tax credits allow you to reduce your tax liability on a dollar for dollar basis. In this article, we will go over the basics of how Schedule 3 works and the credits you can claim. [...]

6 03, 2020

Schedule 1

By |2020-03-05T12:13:59-07:00March 6th, 2020|Tax|0 Comments

Schedule 1 Schedule 1 is a new tax form that came about due to the Tax Cuts and Jobs Act of 2017. This schedule is one of five new schedules introduced in the 2018 tax year. Many taxpayers are not familiar with these new forms. In this article, we will go over what a Schedule [...]

23 01, 2020

Schedule SE: Self-Employment Tax

By |2020-01-22T11:45:25-07:00January 23rd, 2020|Tax|0 Comments

Schedule SE Schedule SE is a Form 1040 attachment that some taxpayers may need to file. In this article, we will discuss what a Schedule SE is for and when you may need to include on with your tax return. The Purpose The purpose of filing a Schedule SE is to calculate and report any [...]

25 12, 2019

Schedule D-Capital Gains and Losses

By |2019-12-17T16:19:24-07:00December 25th, 2019|Tax|0 Comments

Schedule D Schedule D is a tax form that you use to report the gain or loss incurred from the disposal of a capital asset. In this article, we will discuss the basics of filing a Schedule D. Basic Terminology Before we go over how the schedule works, we need to make sure we understand [...]

12 04, 2018

Schedule C: Profit or Loss from a Business

By |2019-12-13T11:53:55-07:00April 12th, 2018|Tax|0 Comments

Schedule C Schedule C is an attachment to the federal Form 1040. You use this form to report profit or loss from a business that is a sole proprietorship or an LLC that is set up as a disregarded entity with the IRS. Additionally, if you receive a 1099-MISC you will need to file [...]

29 09, 2017

Types of Business Tax Returns

By |2020-01-07T00:20:04-07:00September 29th, 2017|Tax|0 Comments

Filing Business Tax Returns Unlike filing for an NYS DBA, which can be done quite easily due to the abundance of information available online, filing business tax returns can seem overwhelming and complicated. If you are a new business owner you may be wondering how you are going to file your taxes. The answer [...]

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