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Individual Tax return

The Installment plan with IRS

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 A payment plan is an agreement with the IRS to pay the taxes you owe within an extended timeframe. You should request a payment plan if you believe you will be able to pay your taxes in full within the extended time frame. If you qualify for a short-term payment plan you will not be liable for a user fee. When you request a payment plan (installment agreement), with certain exceptions, the IRS is generally prohibited from levying and the IRS’s time to collect is suspended or prolonged while an Installment Agreement (IA) is pending.  the user fees only applies to individual taxpayers with adjusted gross income, as determined for the most recent year for which such information is available, at or below 250% of the applicable federal poverty level (low-income taxpayers) that enter into long-term payment plans (installment agreements) on or after April 10, 2018. If you are a low-income taxpayer, the user fee is waived if you agree to make electronic debit payments by entering int...

The first time fillers of tax return

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 If taxpayers are filing a tax return for the first time, we can help. What taxpayers will need to prepare to file a tax return: Taxpayers who do not have or are not eligible for a Social Security number can use an Individual Taxpayer Identification Number. Wage and income information is usually on forms from their employer or other payer, such as Form W-2, Wage and Tax Statement and the Form 1099 series. Taxpayers need to know if another taxpayer, such as a parent, plans to claim them on a separate tax return. If they are claimed as dependent on another tax return, they cannot claim themselves as dependent on their own tax return. With the increased standard deduction, itemized deductions may not be necessary. All credits and deductions are subject to IRS verification and review. First time filers over the age of 16 can enter "0" as their prior year income to sign their tax return. Taxpayers who have filed before should use the AGI from their prior year tax return. If taxpay...

Farmers and Fishers to avoid any estimated tax penalties

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 The special March 1, 2024, deadline allows farmers and fishers to avoid any estimated tax penalties. Taxpayers can use IRS Direct Pay to schedule a payment from their bank account with no registration or login required. The special March 1, 2024, deadline applies to anyone who qualifies as a farmer or fisher and did not make an estimated tax payment by Jan. 16, 2024. Those who made a qualifying payment by Jan. 16, 2024, can wait until the regular April 15, 2024, deadline to file and still avoid estimated tax penalties. The deadline is April 17, 2024, in Maine and Massachusetts. For this purpose, a farmer or fisher is anyone who received at least two-thirds of their gross income from farming or fishing during either 2022 or 2023. Farmers Use Schedule F (Form 1040), Profit or Loss From Farming, to report income and expenses. Fishers Use Schedule C (Form 1040), Profit or Loss from Business (Sole Proprietorship), to report income and expenses.           ...

Individual tax return for remote work

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  Special discount for W2 customers-30% if they work remotely for another state -$89.99. Keep your W-4 updated with accurate resident state if you work remotely. Get customized free forms (such as self employed, Residential Energy Credits, premium tax credit) when you prepare your Personal taxes with us for a fee of $149.99.

Individual tax return

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  Special discount for W2 customers-20% if they work remotely for another state -$89.99. Get customized free forms (such as self employed, Residential Energy Credits,premium tax credit) when you prepare your Personal taxes with us for a fee of $149.99. Get all the customized free forms you need (1040 form, CA 540 form) when you sign up to prepare your LLC or partnership forms online with us for $189.99.

Individual tax return

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  Special discount for W2 customers-20% if they work remotely for another state -$89.99. Get customized free forms (such as self employed, Residential Energy Credits,premium tax credit) when you prepare your Personal taxes with us for a fee of $149.99. Get all the customized free forms you need (1040 form, CA 540 form) when you sign up to prepare your LLC or partnership forms online with us for $189.99.

Individual final tax return

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Did you lose a loved one this  year?   In the case of losing a spouse, a parent, or anyone under your legal care TaxEasy can help with the Final Tax Return for the deceased. We help with:  individual final tax return,   senior individual final tax return,   wills, estates and trusts. Connect with us today: tax@taxeasy.us 310.207.6230