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Learn about the forms used by the Internal Revenue Service (IRS) for taxpayers and tax-exempt organizations in the United States. Find out the types, purposes, and history of the forms, such as Form 1040, Schedule A, and Form W-2.
Form 1040 is the main tax form filed by U.S. residents for personal federal income tax returns. It calculates the taxable income and determines the refund or payment due. Learn about the filing requirements, modalities, and history of Form 1040.
Learn how capital gains are taxed in the US based on the investor's tax bracket, the holding period, and the type of asset. Find the current tax rates, exemptions, and exceptions for 2022 and previous years.
Learn about the federal and state income tax systems in the U.S., including sources of law, basic concepts, rates, deductions, and credits. Find out how income is defined, taxed, and reported for individuals, corporations, and other entities.
Schedule D is an IRS tax form that reports your realized gains and losses from capital assets, that is, investments and other business interests. It includes relevant information such as the total ...
Learn about the gift tax imposed on the transfer of property during the giver's life, and the exemptions, rates, and filing requirements. The donor (the giver) usually pays the gift tax, unless there is a retention of an interest that delays completion of the gift.
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