The end of the year marks the start of tax season, as an array of accountants, tax preparers, and individual filers get set for the busy process of completing and filing tax forms ahead of the traditional April 15th deadline.
To help, the Internal Revenue Service offers many online tools and resources on its website. For individuals and families, one of the most useful IRS sites is 1040 Central. Visit and you'll find resources like the following:
Interactive Tax Assistant
The IRS's Interactive Tax Assistant offers a set of common tax questions… and answers. The tool guides users through different tax situations to provide answers about eligibility for tax credits and deductions, as well as instructions on using specific forms.
Choosing A Tax Preparer
The IRS's guide to Understanding Tax Preparer Credentials helps taxpayers distinguish between various kinds of tax preparers: enrolled agents, attorneys, and certified public accountants. Although each can be authorized to prepare returns with an IRS Tax Preparer Identification Number, each is also licensed by a different federal or state agency.
IRS Tax Information For Individual Filers
For people filing 1040s (including individuals and families), the IRS's Tax Information for Individuals site includes a host of useful information. Visit it to find info on how to file a 1040 on paper or electronically, answers to various tax-related questions, as well as IRS updates.