Articles, tagged with "social security and medicare", page 1

As we all have come to be aware, taxes are our single largest expense in our lives. Our hard earned tax dollars go to bureaucrats that find many creative ways to spend it as well as many creative ways to continue taxing us. However, the really rich find d...

Four Tax Tips about Tip Income 1. Tips are taxable. Tips are subject to federal income, Social Security and Medicare taxes. The value of non–cash tips, such as tickets, passes or other items of value, is also income and subject to tax. 2. Include tips o...

A recent New York Times article exposing the contradictory claims of the G.O.P.’s “call” for cuts is stunning, even though it reports what anyone paying attention to the news already knew. Riding the wave of populist anger at a perceived draconian govern...

Unfortunately tips are considered taxable income in the United States. A person will have to report any significant amount of tips that they receive on their tax return. An individual who receives a few cash tips probably won’t have to bother reporting t...

On March 18, 2010 the federal government passed a new law the HIRE Act (Hiring Incentives to Restore Employment). The enactment of the HIRE Act allows employers to claim two tax benefits. The tax benefits apply to workers hired after Feb. 3, 2010 but befo...

Washington has recently enacted the HIRE Act (Hiring Incentives to Restore Employment). This new law includes two tax incentives for employers to hire workers who were previously unemployed or only working part time. The tax benefits apply to workers hire...

The IRS initiated a new National Research Program Initiative in November 2009 simply known as the Initiative: an industry wide detailed audit of employment taxes for 6,000 randomly selected businesses for the duration of the next three years. The inten...

In November 2009, the IRS began a new National Research Program Initiative (the Initiative): an industry wide detailed random audit of employment taxes for 6,000 employers during the course of the next three years. The purpose of the Initiative is dual f...

Nursing homes are care residents for people needing constant and continuous nursing care because of significant deficiencies. Residents of these special homes are not only limited to the elderly, they could also include younger adults who have physical an...