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Taxes : Business & Finance
Does Everybody Have to File Taxes?
Although filing taxes is an annual chore for most U.S. citizens, not everyone is required to submit a return. The IRS stipulates exceptions based on criteria that include age, income and marital status. If you are uncertain whether or not you are required to file, you may find out using an online to
How to Remove Federal Tax Liens on a Credit Report After the Statute of Limitations
Negative credit marks, which include public records such as a federal tax lien filing, can only appear on your credit report for ten years. Once this period of time has finished, you may request that the lien is removed from the report. The ten years is counted from the paid date of the lien, as opp
Alimony Due to Abandonment in Tennessee
Tennessee is an alimony-friendly state. In 2003, the legislature retooled its existing alimony guidelines to allow judges to order more significant alimony awards when a spouse would be left "economically disadvantaged" without financial support from the other. This is especially true if your spouse
Tax Credits for Volunteer Firemen in Illinois
If you have been serving as a volunteer fireman, you can obtain a credit on your Illinois state income tax for up to $1,000 per year. To be eligible, you must present proof that you went through training in a department that is approved by the Illinois State Fire Marshal.
What Is the Income Cut-Off for Claiming the EIC?
The earned income credit (EIC) is a tax credit for the "working poor," people who work at low-wage jobs that may not provide quite enough to cover living expenses. You must meet an income test and other tests to qualify for the EIC. The maximum credits for 2010 are $457 with no children, $3,050 with
How to Fill out Income Tax Return Forms
Filling out your own tax forms has many benefits. You may see tax deductions for which you qualify, and you'll have a good idea of what you're paying and why. Doing it yourself can even save you money.
Tax Saving Tips in USA
Taxes are financial charges imposed by a governing body to service debt and carry out its programs and objectives. U.S. citizens are subject to a taxes such as those on goods and services, real estate, and income. Income earners are required to file returns to document taxes paid, pay...
Ricknorriscpa- Much More Than An Accountancy Firm
Rocknorriscpa is indeed a firm that excels on all those fronts that are related to the finances of a business. Some of the common chores that are provided by ricknorriscpa with excellence are tax preparation, tax planning, business analysis, bookkeeping and accounting. At Ricknorriscpa it is assured
Writing Off A Stock That Is Worthless
Believe it or not, stock investment is actually a great way of accumulating wealth over a long period of time. However, sometimes, things do not really go as planned and your stock may become worthless. However, there is an upside to this because it may come with some tax benefits.
What Do W-4 Forms Mean?
A Form W-4 is a specific kind of federal tax form provided by the Internal Revenue Service. It records the amount of income that an individual wants his employer to withhold for federal income taxes. Employees must complete a Form W-4 at the beginning of their employment, but they may alter tax with
How to File Taxes From Three Years Ago
American citizens and resident aliens are expected to have their tax returns filed (or postmarked) by April 15th unless they do not meet the requirement to file. Taxpayers who do not file by April 15th are not in compliance with IRS law and could be assessed penalties and interest for noncompliance
Large Case Irs Tax Audits - Contents Of Your Audit
In case you have received a current IRS Audit notice, and believe your own personal or company tax returns are really under scrutiny and can be defined as an important case IRS audit.
Tax Relief - Different Types of Property
You can get total tax relief on a residence, and up to one acre of occupied land, if your all-inclusive household income is not more than $48,800 in one year. You can claim some exemptions on the same amount of property with income exceeding $48,800, but less than $69,600.
Tax Return Preparers Exam Articles Series Number # 7 - Where You Should Take the IRS Exam? Matters R
The tax return preparer industry is changing as the market is demanding more accountability from professional tax preparers. Optimistically, the new rules the IRS is launching to enhance oversight ove
How Do I Verify a Corporate Tax ID Number?
A corporate tax ID number, or Employer Identification Number (EIN), is a nine-digit number assigned to corporations by the Internal Revenue Service (IRS). If you are doing business with a corporation, you want to take steps to ensure that the corporation has a legitimate EIN number; any mistake on y
Legal Separation & Taxes
Most taxpayers are required to file their federal income taxes no later than April 15 for the previous tax year, although this date may be extended if it falls on a weekend or federal holiday. Each taxpayer's tax obligation is based on his filing status (single, married filing jointly, etc.) income,
Report From the Institute for Policy Studies on Corporate Taxes
A report was released by the Institute for Policy Studies after a survey they conducted on various top corporations in the U.S. revealed that some of these companies had their top CEOs earning more many than the company's corporate taxes! The survey that was conducted in mid 2011 was aimed at c
How to Prepare Other People's Taxes With Turbo Tax
Turbo Tax is popular tax software made by Intuit. Turbo Tax software makes it easy to prepare other people's taxes. Interview-style questions allow you to input a person's information in the Turbo Tax software accurately. The program automatically puts the person's tax information you're preparing i
How Often Do Owners Pay Property Taxes?
Buying a house can be costly even after the down payment is made and the loan is signed. Some expenses are related to the upkeep of the property. Others, such as hazard insurance, are required to keep your asset safe. However, you may be surprised with the annual cost of your property taxes. Dependi