Anatomy of a 1040, Class 10 Hi Friendos, Welcome to our tenth and final summer school class for Anatomy of a 1040! Today’s lesson is about the actual payment or refund that goes along with filing a 1040. Here’s an overview of everything we’ve covered this summer: So the first 9 lessons were about page […]
Anatomy of a 1040, Class 8 Hi Friendos! Today, Summer School Lesson 8 is all about self-employment income, and our last discussion of the “income” portion of the tax return. We’re in the home stretch: next week we’ll talk about the standard and itemized deductions, and then our final lesson will be about tax payments […]
Anatomy of a 1040, Class 7 Hi Friendos, Today in our seventh summer school class, we’ll discuss just one line of Form 1040. Line 8 sounds so simple, “Other income from Schedule 1, line 10,” but there is so much action there! By the time we get to line 8, we’ve already provided information about […]
Anatomy of a 1040, Class 5 Hi Friendos, Today’s summer school class is a short one! Last week we talked about W-2 income that gets reported on line 1 of Form 1040. This week we’re going to line 2 and covering interest income. (Don’t worry, we’re not going to do one line per week the […]
Anatomy of a 1040, Class 4 Hi Friendos, Welcome to our fourth summer school class. During our first three classes, we discussed the top half of Form 1040 p. 1, which gathers tax-relevant information about you. Now we’re ready to move on to the next section, which gathers information about your income. Lines 1-8, and […]
Anatomy of a 1040, Class 3 Hi Friendos, Welcome to our third session of summer school! Last week we discussed the top section of Form 1040, which gathers tax-relevant information. We discussed “filing status,” the very first item at the top of the form, as well as how taxpayers without social security numbers can use […]
Anatomy of a 1040, Class 2 Hi Friendos, Welcome to our second session of summer school! Last week we ended with an overview of the Form 1040, and broke it down into six areas: [A] gathers tax-relevant info about you, [B] gathers info about your income, [C] determines the total taxes you owe for the […]
Frequently Taxed Questions 