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Understanding Additional Taxes with IRS Form 1040 Schedule 2

Understanding Additional Taxes with IRS Form 1040 Schedule 2

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we'll be going over IRS Schedule two additional taxes so taxpayers will generally use schedule two if there are additional taxes that cannot be directly entered into your income tax return whether you're filing form 1040 form 1040 Sr or form 1040 NR so uh there are two parts to this two-page tax form there is part one which is tax and then part two which are a variety of other taxes and we'll go over each of these and where you may be able to find them and what other forms you may be required to file uh as we go through this video so there are a lot of additional taxes and in general you probably won't need to be familiar with all of them or even most of them but it is important to know uh how you can tell whether or not a certain tax might apply to someone in your tax situation so we're going to walk through all of those and if you want to catch up in Greater detail you can uh follow up by reading our article that we've written on this v

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