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Frequent Questions
Individual Filers

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Ask Keryl : Taxes

What documents do I need if I am self-employed?What documents do I need if I am self-employed?

What documents do I need if I am self-employed?What documents do I need if I am self-employed?

You will need to file a Schedule C using IRS Form 1040. Depending on your type of business and where you conduct business, there may be other forms you will need. You may also need to make quarterly estimated payments by filing Form 1040-ES, Estimated Tax for Individuals.

IRS Online Account

Taxpayers can use their online account with the IRS to securely see important information when preparing to file their tax return or following up on balances or notices. Taxpayers can view the amount they owe, make and track payments and view payment plan details. Taxpayers can now also manage their communication preferences to go paperless for certain notices from the IRS, or to receive email notifications when the IRS sends them a new digital notice. They can also access information about Economic Impact Payments and advance Child Tax Credit payments needed to file a complete and accurate return.

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Is it better to pay off your entire monthly balance, just the minimum, or somewhere in between?

Individual Services

Never, ever just pay the minimum. Let me stress that again for emphasis: Never Pay The Minimum. Paying off the monthly balance is beneficial to both you and your creditor. It builds history which is good for your score, shows you're responsible, and you never earn interest.

Individual Filers

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Ask Keryl : Dependents

Who qualifies for the child and dependent care credit?Who qualifies for child and dependent care credit?

Who qualifies for the child and dependent care credit?Who qualifies for the child and dependent care credit?

• Your dependent qualifying child who was under age 13 when the care was provided

• Your spouse who was physically or mentally incapable of self-care and lived with you for more than half of the year

• An individual who was physically or mentally incapable of self-care, lived with you for more than half of the year, and either: (a) was your dependent; or (b) could have been your dependent except that he or she received gross income of $4,300 or more, or filed a joint return, or you (or your spouse, if filing jointly) could have been claimed as a dependent on another taxpayer's 2021 return.