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Taxes : Business & Finance
What if I File My Taxes as Divorced but I Am Not Legally Divorced?
When you file a federal income tax return using a filing status you are noteligible for, the error may require the filing of an amended return. Navigating through the tax laws that govern filing statuses can be complex when you're legally married but planning to get a divorce. Familiarize yourself w
Can Unemployed Women With Children File for a Tax Refund?
An employed woman is responsible for paying income taxes to the Internal Revenue Service (IRS). If the woman has children, the amount of taxes she owes the IRS may be reduced, resulting in a tax refund. This is done by applying the "Child Tax Credit." If a woman is unemployed, she may still be requi
Tax Lien Investing Basics: Six Things You Need To Know
If you believe the hype that you here about tax lien investing, you would think that you just go to a tax sale, buy some liens and make loads of money in a few months. But if that were true than everybody would be doing it! If you've actually started to invest in tax liens then you know that th
Income Tax Preparation For Expatriates and US Taxpayers Living Abroad
Almost all U.S. taxpayers living abroad need assistance from a Certified Public Accountant when they calculating their taxable foreign income. Expatriates and overseas U.S. Taxpayers have completely different tax forms to fill out as well as a handful of unique questions for their CPA.
How to Get a Replacement Form W-2
If your Form W-2 has gone missing or it is late in February and you have yet to receive one, then you need to take action so you can complete your taxes. Getting a replacement W-2 just requires a few simple steps.
How To Find A Certified Public Accountant?
A very common question that many people ask each other is that how to find a certified public accountant?
Save Taxes on Gambling Winnings
Congratulations on Winning Something! Before spend any of the winnings, you should know that gambling winnings are taxable like most other income. During tax time do not be surprised to receive a W-2G reporting all ...
Illinois State Income Tax Instructions
In addition to paying federal income tax, Illinois residents are required to pay a state income tax on wages earned in and outside of the state. Illinois residents are required to pay a five percent tax rate on net income for every filing year starting January, 2011. Being familiar with the Illinoi
When Do You Have to Deduct Social Security Tax From Uniform Allowance?
Social Security and Medicare taxes apply to earned income. The Internal Revenue Service requires deduction of Federal Insurance Contributions Act (FICA) taxes for Social Security and Medicare from all wages paid to an employee each year. Some fringe benefits count as wages for IRS calculations. If y
Do You Have to File Taxes If There Is No Income?
The Internal Revenue Service taxes earned income with each paycheck you receive using a withholding process through your employer. If you have any earned income for the year, you may have taxes withheld. The IRS has tax credits available as well. Whether you have earned income or not is not always t
Release Wage Garnishments
When you owe money to the IRS, they will take aggressive action to force you to pay in full. If you have delayed filing your tax return(s) or have an outstanding balance from a previous return, you ar
How to Know if a Check Will Be Returned
Returned checks can prove embarrassing and frustrating for anyone who has attempted to collect cash on them. They can also cause friction and misunderstanding between the parties involved in the transaction. Banks electronically process checks as soon as a deposit is made so the person who is trying
Estate Tax Reduction
For married couples, estate tax only becomes an issue when the second spouse dies because all assets left to the surviving spouse upon the death of the first are passed along tax-free. When the second spouse passes, if the value of the estate is worth more than the current estate tax exemption ($3.5
8 Tax Tips for Caregivers
Caring for a loved one is difficult and time consuming enough, without even factoring in the financial responsibilities involved. Fortunately, the IRS - as well as a few dozen state tax agencies - offer a ...
A Look At The Tax Credits In The UK
Tax credits in the UK are designed to reduce the tax liability of a taxpayer. This means that if a person in an ordinary situation was to pay a certain amount, the tax credits ensure that the person p
Definition of Franchise Tax
A franchise tax is a tax on a corporation or business. Some states require corporations or businesses to pay franchise taxes to do business in-state.
How to Avoid Having Garnished Wages
Because of past due tax debt, many people have had their wages garnished or bank accounts levied. There are many effective actions you can take to avoid having garnished wages.
How to Receive Your Tax Return Right Away
Income tax refunds are issued to taxpayers whose tax liability is lower than their tax paid. If you are due a refund, there are two ways to receive it; paper check through the mail or direct deposit. Once your income tax return is received and processed by the IRS and your refund is issued, the amou
How to List the Title to Real Estate in a California Living Trust
A living trust is a legal arrangement that puts the title to property and assets of one person under the control of another person. This person, called a trustee, manages the assets and property while the trust creator is alive, and oversees the requested distribution of property to beneficiaries on
Key Benefits of Hiring a Professional Tax Service
The mere mention of taxes often inspires fear in the minds of taxpayers. Whether you're an individual or a small business owner, filing a tax return is something you simply can't avoid. The old days when anyone could fill out a simple return are fast disappearing. Most individuals and busi