Form 1040 Archives - Page 6 of 7 - FREE Yourself from IRS Problems

Shamsey Oloko January 20, 2016 Deductions, Form 1040, Mortgage Interest Deduction, News, Standard Deductions 0

HOW MUCH OF MY MORTGAGE CAN I REALLY DEDUCT?

What can taxpayers deduct from their mortgage payments? What portion of a payment consisting of principal, interest, taxes and insurance, if any, is deductible? To deduct the expenses of owning a home, at least those costs paid in your mortgage…

Shamsey Oloko January 18, 2016 Charitable Contributions, Civil Penalties, Deductions, Expenses Deductions, FICA, Form 1040, Frivolous Return Program, Social Security Benefits, Social Security Taxes, Tax fraud & evasion 0

SOCIAL SECURITY TAXES DEDUCTIONS

Is There A Right To A Refund Of, Or A Deduction For, Social Security Taxes Paid Based On The Fact That A Taxpayer Has Waived The Right To Receive Social Security Benefits Or Has Donated Social Security Taxes Or Benefits…

Shamsey Oloko January 6, 2016 Damages, Emotional Distress, Form 1040, Interest Income, Physical Injury, Proceeds, Punitive Damages, Schedule SE, Settlement, Taxable Income 0

WHAT? I HAVE TO PAY TAXES ON MY LAWSUIT AWARD?

You’ve just received an award as the prevailing party in a lawsuit and it’s just a few weeks before the April 15th tax deadline. As you organize your documentation for the preparation of your taxes, you suddenly wonder if you…