How to file taxes?

DATE_PUBLISHED

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:

  1. Proof of identification
  2. Filing status
  3. Residency status
  4. Social security number (ITIN if non-resident) and date of birth for all individuals on the tax return
  5. Copy of prior year tax return
  6. Tax documents showing income for the year
  7. Bank and brokerage statements
  8. Proof for any deductions or credits
  9. Bank routing number if you are interested in direct deposit of your refund (if applicable)
  10. Pay your tax bill once the return has been completed

Subscribe to Taxfyle Resources & Tax Tips

Get the latest posts delivered right to your inbox

Thank you for subscribing!
Oops! Something went wrong while submitting the form.
Child Tax Credit Changes For The 2022 Tax Year
Taxes 101: If You Don't Know Now You Know
Understand the changes to the Child Tax Credit for 2022 and find out if you qualify. Learn about income and residency requirements here.
2 Minute Read
What Are The Differences Between a CPA and an EA?
Taxes 101: If You Don't Know Now You Know
If you find yourself wondering what’s the difference between a certified public accountant, CPA or an IRS Enrolled Agent, EA, check this out
4 Minute Read
How To File Taxes For NFTs
Taxes 101: If You Don't Know Now You Know
If you want to know how your NFT transactions affect your taxes, this blog is for you.
5 Minute Read

File simpler.

File smarter.

File with Taxfyle.