8 Things to Know About Divorce and Taxes
If you’re filing for divorce, or find yourself recently divorced, it’s imperative that you understand how your changing marital status...
When filing taxes for yourself or for your business, it's good to start by knowing what form you will be filing. In most cases, individuals will file a Form 1040. In the event the individual is a non-resident, they may file a 1040NR. Those who qualify can file the short versions of these forms (1040A, 1040EZ, 1040NR-EZ). Businesses file according to their company’s formation (see “Starting a Business?”).
When starting the preparation of your personal return, or if working with a preparer to assist you with it, be sure to have at least the following documents in order:
Proof of identification
Social security number (ITIN if non-resident) and date of birth for all individuals on the tax return
Copy of prior year tax return
Tax documents showing income for the year
Bank and brokerage statements
Proof for any deductions or credits
Bank routing number if you are interested in direct deposit of your refund (if applicable)
Pay your tax bill once the return has been completed
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