The Small Business Tax Help Blog

Posts Tagged ‘form,’

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Question: Where on my 1040 do I put the information about Social Security/Medicare tax withheld?

Like everyone, I have two categories on my W-2 (Social Security/Medicare tax withheld). Where do these fields go on my 1040? I must be completely missing it.

Answer: Nowhere.

New E-Reminders Help Church Leaders Meet Tax Deadlines

CAROL STREAM, Ill., Jan. 12 / Christian Newswire / -- Christianity Today International launches a new e-newsletter mid-January that is designed specifically for church leaders to help them keep their church safe, legal and financially sound.

Ch. 3 Social Security Act

Question: tax help! 1040-ES?

I just filed my taxes using Turbo Tax e-filed and printed my tax summary. On the summary it states: “your return indicates the following Estimated Tax Payments are to be paid using Form 1040-ES” and it has four payments due 4/15/08, 6/16/08, 9/15/08, and 1/15/09. I did owe this year and paid it in full. I also had a loan against my 401K and switched jobs so I paid tax and fee for “early withdrawl” of that money. My employer withholds tax throughout the year. Why are they asking me to fill out this 1040-ES form? Is this something I need to worry about? (this is the first year that I owed money and that was due to the 401K loan/disbursement) Please help!

Answer: They are asking you to file this form so that you can pay your taxes now rather than next year when you go to file. If you believe that your taxes will look different next year, then dont do it. This is not a necessary form to fill out. They are only doing it for your benefit.

Countdown to Wal-Mart

$25,000: The city of Cornelius' estimated share of property tax revenue from Wal-Mart in 2011 Even though the store is expected to be completed by the end of the year, the property taxes for 2010 will be based on an assessment from this month, so most of the site improvements (and value) won't be ...

Todd on Cindy McCain's Tax Returns: CNN 10/17/08