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How do I enter the sale of a second home?
Contributed by: AndreaS, FreeTaxUSA Agent, Tax Pro A second home is typically a home that is used by you part of the year. This includes a vacation home or a smaller home in another city you live in occasionally throughout the year for business. It is a home used for personal use that isn’t your main home. When you’re…
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How do know if I am self-employed or an employee?
Contributed by: PhillipB, FreeTaxUSA Agent, Tax Pro Many businesses choose to issue Form(s) 1099-NEC instead of Form(s) W-2. This makes sense for people who want to be treated as running their own business. But for others, it can be confusing and frustrating. Some taxpayers are shocked because they don’t understand why…
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Can I file using head of household filing status if I am married?
Contributed by: PhillipB, FreeTaxUSA Agent, Tax Pro Generally, no. In most cases, head of household filing status is only for a single person who provides shelter and support for a dependent who lives with them most of the year. However, there are a few rules that may allow a married person to file using head of household…
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Should I file using the married joint or separate filing status?
Contributed by: PhillipB, FreeTaxUSA Agent, Tax Pro Married filing jointly is commonly recognized as the most advantageous filing status. However, are there many reasons to use the married filing separate or (in some cases) the head of household filing status even while you’re still married? The answer is “it depends.”…
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When should I fill out Form SS-8?
Contributed by: KristineS, FreeTaxUSA Agent, Tax Pro You were hired on to work for your new employer, congratulations! As far as you knew, you were an employee and every time you were paid, whatever taxes needed to be sent to the IRS were taken care of. You assumed you’d receive a W-2 at the end of year to file on your tax…
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How do I file married filing separately when I live in a community property state?
Contributed by: KiaraB, FreeTaxUSA Agent, Tax Pro Filing as Married Filing Separately (MFS) usually isn’t a big deal. But if you live in a Community Property State, it gets more complicated. Most married couples file a joint return because it’s generally more tax advantageous for them. But sometimes, you might want to file…
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Which filing status should I use?
Contributed by: TriciaD, FreeTaxUSA Agent Choosing the right filing status can be overwhelming. Knowing the pros and cons of each and evaluating your personal circumstances like marriage, divorce, or relocation can help you decide. Every tax situation is unique and selecting the correct filing status can potentially save…
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Why should I file my tax return by the April deadline?
Contributed by: TriciaD, FreeTaxUSA Agent At the beginning of each year, you may find yourself turning your thoughts to tax season. The looming deadline of April 15 may seem comfortably distant, a future concern to worry about later. The temptation to procrastinate can be a slippery slope, filled with stress and possible…
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Why should I purchase Audit Defense?
Contributed by KristineS, FreeTaxUSA Agent, Tax Pro The IRS is the most powerful collections agency in the world. Are you prepared to face them alone? With the power to question, challenge or change what’s reported on your return, the IRS can send a letter requesting you provide an explanation or additional supporting…
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How to file a tax return for a deceased spouse with a locked social security number
Contributed by: TriciaD, FreeTaxUSA Agent Losing a spouse or loved one is a difficult and emotional experience which can bring financial challenges. One of these challenges is how to file a tax return for the year of death, especially if the Social Security number (SSN) of the deceased spouse gets locked by the IRS. Here…