Articles, tagged with "irs", page 17
Tips for Preparing Your Taxes
There are many steps to take if you are filing your own taxes. Make sure you follow all these steps to ensure that your taxes are filed correctly.
Be Organized
The process of being organized isn't supposed to start when you start filing your taxes. It s...
Which Are Tax Exempt Organizations And What Are The Privileges?
There are many types of businesses that are able to apply for tax exemptions from the government. These tax exempt organizations types include churches, charities, political associations, non-public charitable foundations and other non-profit business typ...
Understanding IRS Wage Garnishment
What does it mean to have your wages garnished? Even if you don't know the exact meaning of this, one thing is for sure: you probably realize that it is a bad thing. Simply put, wage garnishment is the result of a court order in which money is deducted fr...
Why All Employees Pay the Federal Income Tax
Federal income tax is withheld from the pay of almost all employees. Employee pay is inclusive of salaries and wages, bonuses, commissions, and vacation allowances. It is the responsibility of the employer to provide the employee with a W-4 at the onset o...
Find Tax Debt Relief with a Payment Plan
Finding tax debt relief is not always easy. But if you know about the options you can find the best one. You may not want to seek out relief, but if you owe money to the IRS you don't really have a choice. The last thing you want to do is avoid paying the...
Do you need Tax Debt Help? What you should Know
How will I never know if I need tax debt help? Some people worry they will need assistance, but will not realize it. This is not something that usually happens. If you are having trouble with your taxes you will know it. At that point you have to start se...
Expat Taxes filing and offshore assets reporting requirements
Income from Abroad is Taxable
If you are an American working and living outside your country, then there are few things you should know about Expat taxes.
Many United States Expats and resident aliens receive income from foreign sources. If you are ...
Tax Benefits for Job Seekers
IRS Summertime Tax Tip 2009-01
Tax Tip:
Many taxpayers spend time during the summer months polishing their résumé and attending career fairs. If you are searching for a job this summer, you may be able to deduct some of your expenses on your tax r...
IRS “Summertime Tax Tips” and the Alternative Minimum Tax
In Information Release 2009-64, issued last week, the Internal Revenue Service announced that is publishing a series of periodic "summertime tax tips." The stated purpose behind issuing these tips is to provide useful and concise advice on topics that af...
Estimated taxes – planning for 2nd quarter Alternative Minimum Tax payments due June 15
The second quarter for estimated tax purposes actually is a bit of a misnomer. The "quarter" consists of taxes for the months of April and May alone, unlike a normal three-month quarter. In any event, these estimated taxes must be paid by next Monday, Ju...
What’s the Big Picture When it Comes to AMT Planning?
In the past several articles we have talked about tax planning, and Alternative Minimun Tax planning in particular. Sure, it gets into some details, and sure, taxes are not easy. But let's step back and take a look at the "forest for the trees" and do a...
Steps to Success: Alternative Minimum Tax Planning
In the legislative environment in which we currently find ourselves, significant changes affecting the taxation of individuals - that's you and me - are expected to be made, and to be made soon. All of this activity likely will also have a dramatic impac...
How To Decide Whether to Standardize or Itemize Your Tax Deductions?
Doing your taxes is time-consuming. There are a variety of choices on how to proceed. Taxes can be done online, or using a proprietary software package. Some taxpayers still use the old-fashioned method of pen and paper. Others prefer to hand the whole pr...
Put the Fun Back in Tax ReFUNds
Taxes... Say that word and many people will start to groan when they hear it ...and with good reason. To begin with, paying annual taxes is usually a financial burden for most people. Each time you review your paycheck, you might feel cheated or abused, ...
Maximize Your Tax Breaks: Five Easy Tips
What's the difference between a taxidermist and a tax collector? Humorist Mark Twain says, "The taxidermist only takes your skin!" That's the opinion of many Americans. Indeed, ridiculously high tax bills seem prevalent. Thankfully, tax breaks give you le...