I used this video for homework help. My heart was pacing so fast because I for sure thought I was going to get the problem wrong but I got it correct! You took a complicated process for most of us and simplified it. Thanks!
@themaudelife2 жыл бұрын
Thank you. This was extremely helpful for me to help my teens do their taxes this year. Short, sweet, and to the point!
@haulolo68163 жыл бұрын
Thank you! My son did his first taxes this year following this video. He was a happy 18 yr old who doesn’t owe the IRS unlike us 😂
@amarchhabra21753 жыл бұрын
Signed in just to give you a thumbs up. This was an excellent video - clear, concise, and very very very easy to understand!
@TaxTeach3 жыл бұрын
Glad you enjoyed the video! Appreciate the support!
@harryfeng41993 жыл бұрын
I cannot express my appreciation, thank you!!!!
@MrT6bill3 жыл бұрын
Yes, please! More complicated 1040 videos! Especially EITC!
@rudyluna62453 жыл бұрын
Thanks for providing this - your explanation was very clear and easy to understand
@callieduval30003 жыл бұрын
THANK YOU so much easy to follow since they took the EZ forms away these others are a headache. You helped me immensely
@sammysd20113 жыл бұрын
Omg thank you! I'm single with nothing to claim. Very simple taxes but this form confused me.
@chuckchuckles82813 жыл бұрын
Thank you so much! Didn't make sense till I watched this
@aryannakiser2055 Жыл бұрын
This saved me today!!!! This was the exact break down I needed thank youuu for making this
@dontundra22593 жыл бұрын
Thanks Sean! This was super helpful. If you could do a more complicated 1040, that would be awesome! Cheers!
@ChrisPhamBH3 жыл бұрын
thank you for making this video. it helps me refresh.
@kennethfluker37773 жыл бұрын
You are a life saver man🙏🏾🙏🏾🙏🏾🙏🏾
@velmawadley24913 жыл бұрын
Exactly what I was looking for thank yoi
@jasminlebaron6033 жыл бұрын
Thank you for making the video so simple
@samfigiel44103 жыл бұрын
So so so helpful! Thank you!
@HandmanT3 жыл бұрын
Just what I need it !, Thanks.
@mordfustang19332 жыл бұрын
This was very helpful. Such a confusing process for newbies
@justbncece3 жыл бұрын
Quick question though: Where can we find that “line 16 (see options)” chart?
@Maxim_Goncharenko2 жыл бұрын
Thank you for the video! Please tell me, If I have already paid taxes when I submitted the form to extend the tax return, will I receive a refund + overpayment for the tax paid earlier? Or will I need to submit a separate return request? What is the correct way to reflect this in the 1040 form?
@earleen8206 Жыл бұрын
If I am filing a 2021 w2 then would I use a 2022 edition tax software
@fernandogamboa19293 жыл бұрын
Bro you are the best.
@tutsecret4992 жыл бұрын
When you say you upload the data from W2 in this form, how did do it. Or you had to buy disk software which is not worth it for me if I have to software like in old days.
@kidanegebremariam349711 ай бұрын
Generaly this video was very good, because you have provided a litle bit detail on how to fillout the tax form whcih is good. thank you for the information.
@encouragesolutions2595 Жыл бұрын
For a tax year where the employee starts mid way through the year does the $12400 get pro rata by days or months worked?
@badmatt42273 жыл бұрын
There are a large percentage of home owners. My taxes and interest are less then the standard deduction or am I doing this wrong?
@johannawallweber81802 жыл бұрын
If you live in Washington state won money at casino in Idaho do you have to add it to your Washington state if so what line does it go on wages tips or other income?
@user-hw1mk9wg2h3 ай бұрын
Ay brother i need your help im trying to file for the last stimulus check.but i did not work on 2021 or 2020.what do i have to fill out.do i just put 0,0,0 and on what part do i write the amount of the stimulus check
@HeavenlyRainPath2 жыл бұрын
Thank you so much. That was very helpful. 😊🎆
@shalukumar75843 жыл бұрын
Hi I have a quari CPA can sign on 1120s and 1040 on behalf of Applicant ?
@alfredoreza60743 жыл бұрын
where would you send this file if you want to e-file? I already have this filled out but where can send it online? If I mail it, where can I find this?
@kemari19913 жыл бұрын
I have a question. For the new tax break for those on unemployment of [10200] where would that be placed on the form ?
@joeaguirre30693 жыл бұрын
Awesome video. Really helped tremendously. Question: What is line 15 is a negative number? What goes in line 16?
@Ana-dn6ot3 жыл бұрын
Thank you so much!! How do you file your taxes when you are a single home owner or do your Illinois taxes? Thanks.
@suekelly38753 жыл бұрын
I moved from Kentucky to Michigan late September. I know I have complete part time resident forms for each state but do I need to complete a 1040 form also? I am 77 and have only social security and retirement as income. I appreciate your response as this is my first time trying to do my own taxes.
@randallel52992 жыл бұрын
Great post!
@thebusinessofbecomingme57942 жыл бұрын
Thank you for the video. It was very helpful.
@Andy-yl9mx2 жыл бұрын
I'm trying to figure out how to view my 2019 earned income, I read online that you can see it on your 1040 form. So I went ahead and ordered that on the IRS website. Will I have to fill out this blank form to send in so I can view my earned income? or is there another way I can view it.
@carlevans54023 жыл бұрын
How do I find the tax table for 2020 ?
@kindree54142 ай бұрын
Hi, I am filling out a CSU application for college and it is asking me to input my Parents' adjusted gross income (AGI) for 2022 and my Parents' untaxed income and benefits for 2022. I know the AGI can be found on line 11 of the 1040 form on the 2022 Individual Tax Return, but I want to confirm where I can find the amount for the untaxed income and benefits? Is it line 2a where it says “Tax-exempt interest” or is it line 2b where it says “Taxable interest”? Line 2a is blank, but line 2b has an amount. Which one would I put? Thank you!
@justbncece3 жыл бұрын
Very helpful! Thanks🙏
@marrun77083 жыл бұрын
Very Helpful... Thank you!!
@ciel44372 жыл бұрын
hi, this is great! what is the entry for contributions to retirement plan? are they tax deductible?
@aslihankuden6378 Жыл бұрын
Hello, I am trying to understand something but I couldnt figure out it. who fill out the W2, means withholding tax, means already paid the taxes at source. The employees who paid their taxes with W2, also fill out the form 1040?
@lottiekenney6363 жыл бұрын
Do you prepare State 500 forms/ga? Line by line.
@Godschild316953 жыл бұрын
Thank you for the video! It's funny how they don't teach this at school...
@campbellmcmaken98802 жыл бұрын
Ridgefield High School, WA does!
@Kevin-ri5wf2 жыл бұрын
They teach this now, but my teacher doesnt do crap. Man just sits there and reads the slides then expects the whole class to learn the rest.
@MattKoplowitz2 жыл бұрын
would interest from a mortgage also qualify as taxable interest?
@coronadaking3 жыл бұрын
Very helpful; thanks for sharing.
@ridingwithnate2 жыл бұрын
Great video. I'm currently in tax school now to become a tax preparer. I wish you were my instructor
@crickettak6819 Жыл бұрын
Hey you can outsource accounting work to us, at lower cost
@richylam482 жыл бұрын
It is very good I followed your instructions I can fill out my tax 1040 thank you so much
@TaxTeach2 жыл бұрын
Glad you found the video helpful!
@Kakki823 жыл бұрын
I didn't work 2020..do I choose standard deduction?
@analoja082 жыл бұрын
Is it possible that you can make a video of how to fill a schedule c for people who work doing Lyft and Uber thanks you !!
@nogalevy61713 жыл бұрын
I im trying to learn. Is it a form that every american citizen needs to fill? I have a client that is a non american resident but got this to fill. He has a house rented in florida. Thats it. Do the wage that he earns is not from the us,so do i need to fill the wage or not? Sm i only filling the rent part? What is relevant to that?
@victordelrosario80782 жыл бұрын
Thank you. Question pls. For a zero-filer, one who is not gainfully employed and derives income from (example) buying n selling items on free classified sections just to get by. One who makes approx $12k / year or $1000. .mo, no records of income, single. What would I place on the income portion of 1040? Should I put down 0 (zero) n on tax withheld section also? Or should I put down $12k which is an estimate accompanied by a letter to attest the fact n 0 on the tax withheld portion. ? This is intended to benefit those who have not received their stimulus checks from the start and are being g required to file for 2020 tax returns. Must the federal tax returns be accompanied by state tax returns mandatorily? Much appreciated.
@tom2j4943 жыл бұрын
What about idendity protection pin number?
@adriennetabakow85883 жыл бұрын
Thank you, very good explanation
@Holbrooks19843 жыл бұрын
Can you please teach me how to file the tax for my state sc
@riazmemon2554 Жыл бұрын
Great! Thanks a lot.
@pilarchavesta87463 жыл бұрын
Can I do the form 1040 fill out 0.00. I didn't work 2020. I need the stimulus. THANKS
@nickserraon78403 жыл бұрын
Hi shawn, thanks for this informative basic video for 1040 single filers. Would it be possible if you create a sample video including the unemployment compensation? Thank you for the excellent video tutorial.
@ashishkumar-ys5it3 жыл бұрын
Very nice. Thank you🙏
@thetruth72142 жыл бұрын
Hello Tax Teach can you tell me what software are you using thanks 🙏
@strategicservices99062 жыл бұрын
Can you do a more complicated 1040 - independent contractor, depreciation of home, self- employment tax, schedule c schedule e, form 4562 . My CPA just died and it looks like I'll be doing it myself. Some people say to get Turbo tax. Should I do that??
@tootall43304 ай бұрын
Outstanding!
@TaxTeach4 ай бұрын
Glad you like it!
@commentcreeruneboutiqueShopify2 жыл бұрын
Thanks for the video man
@m_mami_m87763 жыл бұрын
Hello I’m Japanese and I came back to japan in March 2020. But I had income from January to March in 2020. Like for 3 months. I paid last year but forgot how to pay. How can I pay tax from Japan?? I can still send the form from here?? I’m single and the amount is $234.
@yvette1874 Жыл бұрын
THANK YOU SO MUCH!
@itkapatanka3 жыл бұрын
How do you sign online?
@tutsecret4992 жыл бұрын
My W2 has cents. Should I skip the cents? example: $2,350.25 =2,350. or 2,350.50=2,350. or 2,350.60 and so forth=2,350 or I have to round up? like this 2,350.25= 2,351. ?
@aitzazhassanawan86233 жыл бұрын
Can we use EIN instead of ITIN
@alicehernandez61953 жыл бұрын
what will be the ocupation?
@Kamikundu2 жыл бұрын
What is expected refund amount $1?
@tessc5413 жыл бұрын
what about a single person filing but can also be claimed as a dependent by his caregiver?
@harryfeng41993 жыл бұрын
What if line 15 is negative?????
@relax_detox_sounds40823 жыл бұрын
I want to fill out a 0 tax return I just leave all of them blank ?
@lesacollington90773 жыл бұрын
Thank you Thank you ❤
@gagesutphin322511 ай бұрын
Thank you !
@DanPalaganas3 жыл бұрын
Hello! I've migrated here in the USA last December 2019 and did not receive the 2 stimulus check. I've watch other video and they said that if you did not receive stimulus check you should put it on 1040 form. GREAT VIDEO BTW really helps me out!
@TaxTeach3 жыл бұрын
Hi Dan, glad to hear that the video was helpful! As for the stimulus checks, if you believe you qualify to receive those checks then yes you should put that information on your Form 1040. You would put this information on line 30 of your Form 1040. In the 2020 Form 1040 instructions: www.irs.gov/pub/irs-pdf/i1040gi.pdf page 57 goes over the Recovery Rebate Credit as well as page 59. If you qualify you will receive a tax credit which will reduce the taxes you owe by the stimulus amounts you qualify for. Hope that is helpful!
@DanPalaganas3 жыл бұрын
@@TaxTeach Yeah, I think I qualify because I already have a job when they gave the first stimulus check. Thank you so much!
@alims85763 жыл бұрын
Could you do a video how to file up tax if you're a rideshare driver thanks
@jimmyallen13692 жыл бұрын
thank you if i ever see you in a bar you got a beer coming...
@andrewcarby6606 Жыл бұрын
Very helpful
@senecaevans61562 жыл бұрын
Thanks! Very helpful 👌
@TaxTeach2 жыл бұрын
Glad you found the video helpful!
@darleneperry54083 жыл бұрын
This was great! Can you do a 1040 with a schedule C for a LLC?
@seansims20072 жыл бұрын
Thanks, helpful 😃😀
@creolepie3 жыл бұрын
Thank you so much ur Awesome
@ibelfonseca53602 жыл бұрын
Can you make a video for every form like for example CTC and all the Schedules?
@goggleman7211 Жыл бұрын
you can charge people for this?
@black-catmusic36192 жыл бұрын
Line 25 federal income tax withheld. If you are working abroad and tax is withheld where you reside (abroad) do you still claim it as federal tax from a foreign gov? (not the USA).
@TaxTeach2 жыл бұрын
No you would not, you would generally file a Form 1116 to report foreign taxes and possibly get a foreign tax credit which would show up on line 31 of your 1040 (through Schedule 3)
@jedclampett64662 жыл бұрын
Thank you
@ResseeC2 жыл бұрын
I'm trying to find the 1040 for year 2020. It doesn't seem to exist. I've searched the IRS website as well. How do I find the form for 2020?
@TaxTeach2 жыл бұрын
Hello, the 2020 Form 1040 link is here: www.irs.gov/pub/irs-prior/f1040--2020.pdf
@releasereceive66523 жыл бұрын
What about line 30,to retrieve Stimulus money
@CorrinaWalkden52 жыл бұрын
late to the game for my son filing his 2020 taxes, the link above links to the 2021 tax table. Can you provide the tax table link for 2020.
@TaxTeach2 жыл бұрын
www.irs.gov/pub/irs-prior/i1040gi--2020.pdf
@ideanpourshams85153 жыл бұрын
Thanks for the help! Can you explain the Social Security and medicare withholdings? Are those included in the total Federal tax withheld, or are they separate? When we calculate what we already had withheld from the W2, do we add up the Federal, Social Security and Medicare taxes? Thanks so much...
@t.b.francis37312 жыл бұрын
great refreshing tutorial! any video on filing a Form1040 w/ an Economic Impact Payment (EIP) or rebate credit? thx
@glenntuneschannel3 жыл бұрын
Hi, Your videos are extremely informative. Is there a way to contact you for advice beside leaving a comment here?
@susannakailing17133 жыл бұрын
Very helpful, thank you! One question, how do you know your taxable interest? Is that from your bank statements?
@adolfoserna63023 жыл бұрын
If you made money from interest is what it means so savings account and such
@muhammaddfaheem45662 жыл бұрын
bank gives you 1099 INT form .
@720glenda3 жыл бұрын
can you add the savers credit to the simple 1040 and also the unemployment 10200 for 2020 tax season. PLEASE!!!!!!!!!!!!
@SD-rg5mj Жыл бұрын
Hello I am a tax resident I opened an LLC to do wholesale in the United States, buy from American wholesalers And resell in the territory, I inquired with the IRS as I would like to learn how to pay myself with my single member LLC, could we talk about this again and that What am I going to do is correct? Thank you for your videos Cyril
@mary33943 жыл бұрын
Thank you for your help! These videos are appreciated.
@epicuc95013 жыл бұрын
I'm sorry I had to stop by and confess your charming beauty.lol Omg! Do have a great day; glow. Bye!