Personal Finance Buzz

Tax form 1040 Schedule SE is required for all self-employed individuals. This form helps individuals figure out just how much in Medicare, Medicaid and Social Security taxes they owe each year.

Anyone employed has filled out a w-4 form and knowing what a w-4 form is can make sure you're keeping as much money as possible each and every week. W-4 forms are simple and easy, if you know where to look.

If you’re a wage earning, tax paying American resident, chances are that you’re already familiar with Form 1040, or one of its variations (Form 1040A, 1040EZ). Form 1040 is the long form for filing a personal federal income tax return.

The most common tax form known to the IRS, the Form W-2 is something that every tax paying individual, unless self employed, has seen at one point in their lives. Even if you know what a W-2 is, do you know how long you should keep them?

IRS Tax Form 941 is necessary for employers who need to file employees taxes every quarter. Knowing what form 941 is can save your business thousands of dollars in underpayment penalties.

A W-5 form needs to be filled out if you are expecting to receive the Earned Income Credit (EIC). Knowing what a W-5 form is can save you a nice chunk of change come tax time.

A W-11 Form is a tax form required by the IRS if employers are looking for a way to save money by hiring new employees. Employers can save two different ways if they file a W-11 form.