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 Welcome to 1040.com, Your One-Stop Tax Resource
Your Life … 

For every phase of life, there's something going on that affects your taxes. Getting married, having a child, starting a business, investing, retiring – all directly affect how you are taxed. And whether you do your own taxes or hire a professional preparer, you need to understand the ins and outs of your taxes. 

… Your Tax Answers 

We're here to help. Here you'll find answers to your tax questions and the forms, worksheets, and publications you need to complete your tax returns. We explain all the basics, tell you what’s new and changing with the tax laws, and provide links to the IRS website for when you need more in-depth information. We also offer online filing, links and information for your state taxes, and online tools and calculators. All this and more, in one location.

It's your life, and here are your tax answers.

  
 Tax Headlines

1.6M Businesses Owe IRS Big-Time: $58B Total
WASHINGTON -- More than 1.6 million businesses owe the federal government in excess of $58billion in delinquent payroll taxes, interest and penalties, including money withheld from employees' salaries, a congressional report says. "Paying taxes isn't an option for hardworking Americans, yet these businesses act like they are exempt from this basic civic responsibility," Sen. Norm Coleman, R-Minn., who asked for the study, said in a statement. An IRS report found that the tax gap was $345billion in 2001 alone.

GOP Blocks Action on Tax, Renewable Energy Package
For the fourth time this summer, Republicans stopped the Senate from taking up wide-ranging legislation that extends tax breaks for teachers, businesses and parents and provides tax credits to renewable energy entrepreneurs. Major business groups, usual GOP allies, have implored Congress to act on the tax credits, many which expired at the end of last year or will run out at the end of this year. But many Republicans oppose what they say are new tax increases to pay for parts of the package, and nearly all say the Senate's only business now is acting on an energy bill that promotes drilling and other measures to boost domestic oil supply.
  
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