I have been accepted to MIT '20. How can I find outside scholarships to help fund for my education?

The other answers are optimistic. MIT offers generous financial aid, but it definitely does not match everyone's needs. In particular, they can assume that the student's parents are willing to make every sacrifice short of selling their house - and in reality many parents are unwilling or unable to do this.MIT does maintain a scholarships database. Look on their career centre website (called GECD), and also search for 'MIT distinguished fellowships'. Also, target scholarships for Latino women in science/nuclear engineers/Alaskans/lacrosse players/whatever you are. You'll have better luck if you focus on a few well-chosen applications than if you try to apply to everything.Finally, MIT has many campus jobs with a minimum wage of ~$10/hour. This won't pay your tuition, but it will cover your meals and textbooks, and you can get valuable work experience at the same time. Unlike many schools, our meal plan is optional, which will potentially save you an extra ~$3000/year compared to the sticker price. MIT also has a ridiculous amount of funding for student activities, study abroad programmes, etc, which you can exploit once you're in.Congratulations, and good luck!

I am an Indian citizen and living in India, but I'm employed by a US company working remotely from India, earning a salary in USD. What should I know about filing a tax return in India?

So even if you are employed by an US company, for the purpose of income tax laws, you are an Indian resident, your global income is taxable in India. To say it in simple terms, it is no different then you being employed by an Indian Company. In case your total income before deduction is above 2.5 lacs, you are required to file an income tax return. The due date for the current year is extended till 31st August otherwise it is normally 31st July of the following year of the financial year. Moreover since the tax might have been deducted by the US company from your salary, you may get a credit for such tax paid by your US employer against your Indian income tax liability. As far as Indian tax liability is concerned, you have to discharge this by way of advance tax in case the credit available in respect of tax deducted by your US employer is not sufficient. In case you have not been able to pay your advance tax, the same can be paid by way of self assessment tax. For delay or default in payment of advance tax, read the below article written by me.What if you have failed to pay advance tax? You can avail other tax deduction under Section 80 C, 80 D, 80 E in case you have taken education loan etc. In case you want to need clarification on any specific issue, please ask specific question as the area of income tax very wide and one is not able to under stand it fully even one signNowes grave.

I'm filling out a W-4 for 2015. If you want any additional amount taken out, would this apply to current tax year or apply to previous years tax debt?

The W-4 tells your employer how much federal income taxes to withhold from your paycheck. As such, it only effects paychecks going forward - it has no effect on paychecks already issued.The amount withheld is simply an estimate of how much federal income tax you will ultimately owe at year's end. The amount withhold may be more or less than you end up actually owing. If too much is withheld, you are entitled to a refund; if too little, you will owe taxes. You can change your W-4 withholding at any time by submitting an updated W-4 to your employer. You do not have to fill out a new W-4 every year, although your employer may require it.This form is retained by the employer, and is not submitted to the IRS.

I need to pay an $800 annual LLC tax for my LLC that formed a month ago, so I am looking to apply for an extension. It's a solely owned LLC, so I need to fill out a Form 7004. How do I fill this form out?

ExpressExtension is an IRS-authorized e-file provider for all types of business entities, including C-Corps (Form 1120), S-Corps (Form 1120S), Multi-Member LLC, Partnerships (Form 1065). Trusts, and Estates.File Tax Extension Form 7004 InstructionsStep 1- Begin by creating your free account with ExpressExtensionStep 2- Enter the basic business details including: Business name, EIN, Address, and Primary Contact.Step 3- Select the business entity type and choose the form you would like to file an extension for.Step 4- Select the tax year and select the option if your organization is a Holding CompanyStep 5- Enter and make a payment on the total estimated tax owed to the IRSStep 6- Carefully review your form for errorsStep 7- Pay and transmit your form to the IRSClick here to e-file before the deadline

How do I fill out my FAFSA?

The FAFSA isn't as scary as it seems, but it's helpful to have the documents you'll need handy before you fill it out. It's available starting January 1 of the year you'll attend school, and it's best to complete it as early as possible so you get the most aid you'll qualify for. Be especially mindful of school and state deadlines that are earlier than the federal deadline of June 2017. Check out NerdWallet's 5 Hacks to Save Time on Your 2016 FAFSA. These are the basic steps: Gather the documents you'll need to complete the form by following this checklist.Log in to the FAFSA with your Federal Student Aid ID. You'll need an FSA ID to sign and submit the form electronically, and your parent will need one too if you're a dependent student. Create one here. Follow the prompts to fill out the FAFSA. This guide will help you fill it out according to your family situation. You'll be able to save time by importing income information from the IRS starting Feb. 7, 2016. Many families don't file their 2015 income taxes until closer to the deadline of April 18. But it's a good idea to fill out your FAFSA earlier than that. Use your parents' 2014 tax information to estimate their income, then go back in and update your FAFSA using the IRS Data Retrieval Tool once they've filed their taxes. More info here: Filling Out the FAFSA.

How do you fill out tax forms?

I strongly recommend purchasing a tax program, Turbo tax, H&R block etc.These programs will ask you questions and they will fill out the forms for you.You just print it out and mail it in. (with a check, if you owe anything)I used to use an accountant but these programs found more deductions.

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Hi this is Evan Hutches on, and I'm going to go over the basic 1040 tax return I will just kind of go over a grand overview of these two pages of this 1040 I'm not going to go over the other schedules and forms this is the form that everything flows into so no matter what you're going to have to file a Form 1040 if you're filing US income tax return you might not have to file any more schedules or forms but everything that you do file flows into this form right here, so it's two pages long as I said this is kind of what it looks like and the final numbers are right here you're either going to get a refund or you're going to owe and that's what all this is about so if we start at the top we'll put your name John Doe and your social right here John Doe does not have a spouse he located at one Two three Main Street he has no dependents if you had a spouse oh go right here if you had dependent ill we go right here and that would increase his exemptions, so it's just him, so it says one per

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