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FaxaSnarf DePaul University 955 W. Webster Ave Phone: 7736979297 Fax: 7736978833 CONTACT NAME: ADDRESS:
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Provide the necessary employment details, including your employer's name, address, and identification number.
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Indicate your filing status by selecting the appropriate option, such as single, married filing jointly, or head of household.
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Calculate your total income for the year by adding up all your wages, tips, and other compensation. Include any taxable interest, dividends, or retirement distributions.
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Deduct any eligible adjustments to your income, such as student loan interest or contributions to a retirement account.
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Determine your tax liability by referring to the IRS tax tables or using tax software. Enter the corresponding amount in the appropriate box.
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If applicable, claim any tax credits you qualify for, such as the Child Tax Credit or the Earned Income Credit.
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Subtract your tax credits from your tax liability to calculate your total tax due or refund amount.
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Complete the bottom section of the form where you sign and date. If applicable, include your occupation and daytime telephone number.
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Keep a copy of the filled-out Form 955 w for your records.
Who needs 955 w:
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Individuals who are employees and have taxes withheld from their paychecks throughout the year.
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Self-employed individuals who need to report their income and deductions to calculate their tax liability.
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Any taxpayer who wants to ensure accurate tax withholding and avoid underpayment or penalties from the IRS.
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What is 955 w?
955 w is a tax form used to report income received from self-employment, such as freelance work or gig economy jobs.
Who is required to file 955 w?
Individuals who earn income from self-employment and expect to owe $1,000 or more in taxes after deductions are required to file 955 w.
How to fill out 955 w?
To fill out 955 w, you will need to provide information about your income, deductions, and any taxes already paid. The form is typically submitted with your annual tax return.
What is the purpose of 955 w?
The purpose of 955 w is to accurately report self-employment income and calculate the amount of taxes owed on that income.
What information must be reported on 955 w?
Income from self-employment, deductions, and any taxes already paid must be reported on 955 w.
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