Navigating complex tax regulations can be challenging, especially when they are not presented in your preferred language. To assist in completing federal tax filings, we have compiled a practical guide containing essential resources and information.

Taxpayer Rights

Every taxpayer interacting with the Internal Revenue Service (IRS) should be aware of their fundamental rights. The IRS clearly outlines these rights in its Publication 1 - Taxpayer Bill of Rights , ensuring individuals understand their protections during the tax process.

Who Must File a Tax Return

Most U.S. citizens and individuals working in the country are required to pay income tax if their earnings exceed a certain threshold. Even if income falls below the taxable minimum, filing a return may still be advisable.

Receiving a W-2 Form

Employers typically provide employees with a W-2 form, which details gross income and withholdings. If you receive this form, filing a tax return may be beneficial, as taxes already withheld could exceed your actual liability.

Short-Term Contract Workers

Individuals earning income through short-term contracts or digital platforms must also report these earnings. Such income is subject to taxation, regardless of the payment method.

Self-Employed Individuals

If you operate as a sole proprietor, independent contractor, or partner in a business, you are generally considered self-employed. This classification applies to full-time and part-time ventures alike.

Self-employed individuals must adhere to income tax regulations, which typically require annual tax filings and quarterly estimated tax payments. Additionally, they are responsible for self-employment tax, covering Social Security and Medicare contributions.

Business Owners

Small business owners with assets valued below $10 million can find specialized tax guidance tailored to their needs. This includes filing requirements for Forms 1040 or 1040-SR, along with Schedules C, E, F, and Form 2106.