One of the trickiest financial processes, according to many, is the tax return filing. While some may find it a daunting task, others may consider it an unnecessarily long one. Financial jargon scares most of us into staying far away and when it comes to filing tax returns, taxpayers find themselves in the middle of a lot of confusion, tax forms, and tax filing fees.

Filing taxes can be a hassle and what makes it even more difficult is the time that one must wait to receive the tax refund. Tax returns can make a big difference to one’s personal finances and the constantly newly introduced regulations can lead to stalled returns. Typically, the IRS takes about 21 days to refund the tax returns, however, this may be a long period for some if they need the funds urgently.

Working for yourself and running a business has multiple perks and you have the freedom to do what you love to by being your own boss. However, this freedom comes with a certain type of tax responsibility, which is called the 1099 tax. Therefore, self-employed individuals and private contractors must learn about how their employment status affects their tax filing.

People interested in making a career in accounting, law, or tax consulting, or those who have a general interest in income and tax can take income tax courses that are widely available online. Apart from accounting, law, and tax consulting, online income tax courses also teach taxation, corporate tax, and estate planning.