Alright guys, if you watch my previous video, I gave an introduction on how to do taxes by hand, an introduction to what the 1040 form looks like, etc. Now, I'm going to show you how I personally did my taxes by hand with the free fillable forms that the IRS provides. So, here's what I start off with. I think about the form and jot down in a spreadsheet what I expect I'm gonna have to worry about. So, in the income section of the 1040 form, I know I've got my W-2 from my work. My wife had two jobs - she worked one job at the beginning of the year and one job at the end of the year. So, I'm gonna have wages from three jobs on my form. Again, this is a joint, married filing joint return for me and my wife. I also have a YouTube channel and earn a little bit of ad revenue. Trust me, it's not very much, so I'm gonna have to have some self-employment income. You file that on Schedule C. Schedule C is an attachment to your tax return. You put in a lot of numbers on Schedule C with the details of your business, and then you take the final value, your profit, and transfer that over into this form for your income from self-employment job. I also know I have some rental income. I own a house, and this year I rented out two spare bedrooms to buddies of mine. So, I did that and figured out I'm gonna have to fill out Schedule C to figure my total rental profit, which will then come over from Schedule C and be input onto my 1040 form. I also own a couple thousand dollars worth of stocks, so I'm going to...
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Video instructions and help with filling out and completing Are Form 2350 Notices
