As the April 15 deadline draws near, millions of Americans scramble to complete a federal income tax return in the coming days. Federal business income tax is also due, so many small business owners will need to complete federal income tax forms as well. The good news is that plenty of helpful federal income tax information, including tips and tricks to fast federal income tax filing, is available online.
Federal income tax filing no longer needs to be a fearsome or tedious task. Numerous federal income tax articles are available to assist you with your US income tax return. Depending on how you have set up your business, the IRS requires you to file certain federal income tax USA forms. You will need:
1. A federal 1040 Tax Form and Schedule C or C-EZ if you have a sole proprietorship.
2. A federal 1040 Form and Schedule E if you are a partner in a partnership.
3. A federal 1040 Form and Schedule E if you are an S corporation shareholder, as well as an 1120S for the S corporation itself or an 1120-A for a regular corporation.
Find your 1040 tax formOnline resources will help guide you to which form(s) you must file to complete your federal income tax USA obligations. You can also find general federal business income tax information, including the instructions associated with each form and links to helpful references.
IRS website. Besides, it's hard to go wrong when you start right at the source.
Figure your federal income taxThe days of pencil-pushing, paper-shuffling, and old school calculators are over. You can now use the robust tools provided by one of the many online tax preparation software options to figure your US income tax quickly, accurately and almost effortlessly.
File your federal income tax formE-filing is an attractive option these days. Not only do you save a stamp, but if you have any money coming back, you will receive it much faster. On the other hand, if you have to pay, you can pay by credit card in order to take advantage of points, miles or any other perks you get with you card.
- Almost all of the tax preparation sites will figure your federal income tax for free and then allow you to choose whether or not to actually file the forms. Sometimes subtle differences in the tools and tips provided in them lead to different tax outcomes. Therefore, before submitting your 1040 filing, you should run it through at least 2 programs to make sure that you have not missed any deductions or credits.