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Taxes : Business & Finance
The Average Federal Income Tax Return
The U.S. Internal Revenue Service (IRS) collects federal income taxes annually. The deadline for individuals is always April 15, unless that day falls on a weekend. People who do not earn enough income to meet IRS income thresholds do not have to file....More...
The Tax Consequences of Gifting a Home to My Children
Giving a home to your children can be an effective way to help get them started in life or it can help you get rid of a home that you no longer need. When you gift a house to your children, it will lead to tax consequences that you need to consider....More...
How To Reduce The Chance Of An Audit By Over 50 Percent
Looking for a way to significantly decrease the chanceof an audit?...More...
The IRS Seizing Assets - The IRS can Levy more than Just Accounts and Wages
When the IRS decides to levy your assets in order to pay off the debt you owe the government there isn't much you can do.However there are some things that the government can't deprive you of....More...
The Salary Range for a Computer Programmer
Computer programmers provide the technical know-how that allows companies and other organizations to initiate computerized solutions to their needs. Programmers write code that instructs a computer system to process information in certain ways. Computer programmers work across a variety of industrie...More...
Things to Know About Donating a Car to Charity
The Internal Revenue Service allows you to take a charitable deduction for the value of all cars you donate. However, there are lengthy and intricate rules and requirements you must adhere to before you can claim a deduction. To reduce the risk of the IRS challenging the deduction, taxpayers should ...More...
How to Get Tax Credits for Windows in Illinois
Illinois residents and business owners can take advantage of the tax benefits offered by installing energy efficient windows into their homes and businesses.The American Recovery and Reinvestment Tax Act of 2009 ushered in many tax credits for those who choose energy efficiency when building or remo...More...
How to File for an Extension of Federal Taxes Electronically
Even though most of us know that we should be preparing our taxes in the early spring, time can get away from us and before we know it, time is running out to file taxes before the April 15th deadline. Fortunately, the United States government gives citizens an option to request an extension of fede...More...
Unemployment Qualifications for the Self Employed in Indiana
There are many rules regarding applying for unemployment in Indiana. There are a few requirements for self-employed individuals who are unable to continue working. Generally, self-employed people will not qualify for regular unemployment benefits. However, there are a few exceptions....More...
Income Limits for Filing Tax Returns
The Internal Revenue Service bases earning limits as to whether a U.S. resident must file federal taxes on gross income. Gross income includes capital gains realized from the sale of property, residential or otherwise, services and goods received, as well as salary and wages. In other words, both ea...More...
State Income Tax Lien Laws in Maryland
In Maryland, the Comptroller's Office is responsible for collecting income tax from residents within the state and nonresidents who earn income in Maryland. The comptroller must follow the state's tax laws when pursuing delinquencies. Before the comptroller can file a tax lien, however, the Comptrol...More...
How Often Does a Sole Proprietor File Taxes?
If you work for someone else, it is the responsibility of that employer to withhold the appropriate amount of taxes from your paycheck and send those payments to the IRS. But when you work as a sole proprietor, you are responsible for your own taxes, and you must make those payments to the tax agenc...More...
What Are Annual Taxes?
If you earn any kind of income, you’ve likely dealt with income taxes. And if you own real estate then you’ve also been quickly introduced to the concept of property taxes. Both of these represent typical annual taxes that government agencies levy on citizens to generate income used for ...More...
New Tax Changes That Increase Taxes
We are in a tough situation because of the new tax code that could possibly mean there's New Tax Changes That Increase Taxes, don't lose hope we offer tips on how to make your tax pa...More...
What Is an AMT Exemption?
AMT stands for alternative minimum tax, which is an alternate way to calculate how much tax you owe. The IRS requires people to use this method if it results in a higher tax bill....More...
Standard Deduction For Medical Expenses for Taxes
Medical expenses can add up quickly if you become seriously ill. Luckily, the federal government allows you to deduct the cost of your medical expenses when you itemize your deductions. Otherwise, you can take the standard deduction that covers all of your deductions including your medical expenses....More...
Why Hire Bookkeeping Services?
Bookkeeping services are the most crucial accounting service for any organization, big or small. A lot of transactions take place within the company on a daily basis which needs to be recorded well. Keeping a track of these transactions is possible only through the bookkeeping method....More...
IRA Tax Guidelines
IRA stands for individual retirement account and is a tax-advantaged way to put money away for retirement. There are two types of IRAs: Roth IRAs and traditional IRAs. The contribution limit is for both, so you can split your contributions between the two forms, but you cannot contribute the full li...More...
About Tax Deductions for Charitable Contributions
Tax season is a time many people dread, especially those who know they will have to pay the government more taxes instead of receiving a refund check. Tax deductions are expenditures that the government allows an individual to subtract from her taxable income, reducing the amount of tax owed. One of...More...
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