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Form 202 is an essential document used by taxpayers in the United States to report income and expenses from their self-employment activities. The form is submitted to the Internal Revenue Service (IRS) along with the taxpayer’s individual income tax return (Form 1040). In recent years, the IRS has made Form 202 available online, making it easier for taxpayers to file their returns.
Taxpayers can file Form 202 online through the IRS website at https://www.irs.gov/e-file-providers/how-to-choose-an-online-provider.
Once on the IRS website, taxpayers can choose from a list of authorized e-file providers. These providers offer a variety of software options to help taxpayers file their returns online.
The deadline for filing Form 202 is the same as the deadline for filing individual income tax returns. For most taxpayers, this deadline is April 15th. However, taxpayers who file for an extension have until October 15th to file their returns.
Taxpayers who file Form 202 late may be subject to penalties. The penalty for late filing is 5% of the unpaid taxes for each month or part of a month that the return is late, up to a maximum of 25%.
Filing Form 202 online is a convenient and secure way to report income and expenses from self-employment activities. Taxpayers who meet the eligibility requirements should consider filing Form 202 online to save time and avoid potential penalties.
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