SIMPLE. FAST. ACCURATE
Support Center > Knowledge base> Category: Taxes
Category: Taxes
7 Articles
Orange arrow What is the Alternative Minimum Tax?

1431 views
  The tax law gives preferential treatment to some kinds of income and allows special deductions and credits for some kinds of expenses. Taxpayers who benefit from these provisions of the law may have to pay an additional tax called the alternative minimum tax. It is a separate tax computation that, ...
Posted in: FAQ's, Taxes

Orange arrow Schedule SE - Self-Employment Tax

1644 views
  You must file Schedule SE (self-employment income) if: Your net earnings from self-employment from other than church employee income were $400 or more, or You had church employee income of $108.28 or more. You must pay SE tax if you had net earnings of $400 or more as a self-employed...
Posted in: Taxes

Orange arrow What is Form 4029?

1608 views
  Purpose of form. Form 4029 is used by members of recognized religious groups to apply for exemption from social security and Medicare taxes. The exemption is for individuals and partnerships (when all the partners have approved certification). ...
Posted in: Taxes

Orange arrow Do I have to file Schedule SE?

1309 views
  You must file Schedule SE if: Your net earnings from self-employment from other than church employee income were $400 or more or You had church employee income of $108.28 or more see Employees of Churches and Church Organizations below. You must pay SE tax if you had net earnin...
Posted in: Taxes

Orange arrow Who Should File Form 4970 (Tax on Accumulation Distribution of Trusts)?

1858 views
  Purpose of FormA beneficiary of certain domestic trusts (see Who Must File below) uses Form 4970 to figure the partial tax on accumulation distributions under section 667. The fiduciary notifies the beneficiary of an "accumulation distribution" by completing Part IV of Schedule J (Form 1041). Thus...
Posted in: Taxes

Orange arrow Form 8828 - Recapture of Federal Mortgage Subsidy

1583 views
  Purpose of Form Use this form to figure and report the recapture tax on the mortgage subsidy if you sold or otherwise disposed of your federally subsidized home. Federal Mortgage Subsidy You have a federal mortgage subsidy if you received either of the following benefits: A mortgage loan (...
Posted in: Taxes

Orange arrow Form 4972 Tax on Lump-Sum Distributions

1555 views
  Purpose of Form Use Form 4972 to figure the tax on a qualified lump-sum distribution (defined below) you received using the 20% capital gain election, the 10-year tax option, or both. These are special formulas used to figure a separate tax on the distribution that may result in a smaller tax tha...
Posted in: Taxes


Page: 1 of 1