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  2. IRS tax forms - Wikipedia

    en.wikipedia.org/wiki/IRS_tax_forms

    Schedule H is used to report taxes owed due to the employment of household help. Schedule J is used when averaging farm income over a period of three years. Schedule L (until 2010) was used to figure an increased standard deduction in certain cases. [6] Schedule M (2009 and 2010) was used to claim the Making Work Pay tax credit (6.2% earned ...

  3. Partnership accounting - Wikipedia

    en.wikipedia.org/wiki/Partnership_accounting

    U.S. Return of Partnership Income (IRS Form 1065) contains, among others, Schedule M-1. The purpose of Schedule M-1 is reconciliation of income (loss) per accounting books with income (loss) per return of the partnership. In other words, it means reconciliation of accounting income with taxable income, because not all accounting income is taxable.

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  5. Making Work Pay tax credit - Wikipedia

    en.wikipedia.org/wiki/Making_Work_Pay_tax_credit

    Workers with multiple jobs, or unemployed, had the option to delay receiving the credit and receive instead a lump sum (all $400 to $800 at once) calculated on the tax return filed in the following year. Reconciling the credit required filing Schedule M with the Form 1040 personal income tax return.

  6. Tax deduction - Wikipedia

    en.wikipedia.org/wiki/Tax_deduction

    A few relevant forms (also see related instructions) Form 1040 (individual tax return), Schedules C (business) and E (rental) Form 1065 (partnership return of income), page 1, and Schedule K; Form 1120 (corporation tax return), page 1; Form 2106 (employee business expenses) Form 4562 (depreciation and amortization) Form 4797 (gain or loss on ...

  7. Internal Revenue Service - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Service

    The initial rate was 3% on income over $800, which exempted most wage-earners. In 1862 the rate was 3% on income between $600 and $10,000, and 5% on income over $10,000. By the end of the war, 10% of Union households had paid some form of income tax, and the Union raised 21% of its war revenue through income taxes. [15]

  8. Elon Musk creates confusion about IRS' Direct File — but the ...

    www.aol.com/elon-musk-creates-confusion-irs...

    Billionaire tech mogul Elon Musk posted Monday on his social media site that he had “deleted” 18F, a government agency that worked on technology projects such as the IRS’ Direct File program.

  9. IRS Volunteer Income Tax Assistance Program - Wikipedia

    en.wikipedia.org/wiki/IRS_Volunteer_Income_Tax...

    Complex Schedule D – Capital Gains and Losses; Schedule E – Rental Income, except for military rental income; Dual Status Tax Returns (When a noncitizen filer is a nonresident and resident in the same tax year) Income from pass-through entities including: S-Corporations ("Sub-S's") Partnerships; Form 1120, 1041, or 1065; Schedule F - Farm ...

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