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Taxes : Business & Finance
2011 Tax Changes: Facts, Opportunities And Lessons
Amid widespread concern about 2011 tax increases, Congress surprised taxpayers in late December by actually reducing taxes for the next two years. What should a prudent person do now, and what can we learn from the evolving tax legislation? While income tax changes for 2011 do not ultimately have m
Can You Claim Property After Paying Taxes on It for Years in Alabama?
The federal government and the state of Alabama both allow you to deduct the real estate taxes you pay on property you own in Alabama. You are eligible to deduct the taxes for any tax year you make the tax payment. But if you forget to claim the deduction on prior returns, there are ways you can fix
How to Donate Used Clothing in Los Angeles, California
Instead of throwing used clothing away, use it to help change the lives of others. Donating used clothing is a great way to help those in need. Clothing can be donated to benefit homeless individuals, benefit organizations that support young people, help those suffering from substance abuse get back
Identifying Errors in Your Property Tax Bill Will Save You a Bundle
Bloated property tax assessments, gasoline prices, and increases in the cost of living are some of the new realities that America's homeowners are contending with. Most feel helpless to combat these economic new powerhouses. But, you don't have to sit there like a victim.
Is Jury Duty Pay Reported to the IRS?
If you get paid to sit on a jury in a civil or criminal trial, the Internal Revenue Service considers that pay to be income, and you must report it as such on your tax return. If you receive $600 or more, the court will report your jury pay to the IRS.
Try Innocent Spouse or Offer in Compromise to Avoid an Internal Revenue Service Garnishment
For those who owe the Internal Revenue Service and do nothing to end it, Internal Revenue Service Garnishment challenges will be in your close foreseeable future. The 3 major forms of IRS Garnishments
How to Calculate After-Tax Return Percentages
When people make investments, they typically seek out the highest returns for the amount of risk they are willing to take. When calculating returns, you should look at the after-tax rate of return because that calculation takes into consideration the amount of the return that goes toward paying taxe
What Taxes Do We Get Back at the End of the Year?
So you have filed your taxes and you are waiting for your return. You are like many people: you went to the local tax preparer, handed her your paperwork and awaited the results. Have you ever wondered why you receive a tax return? Where does that money come from and why do you receive it? Let's add
Which Are The Tax-Filing Receipts?
Tax filing receipts are receipts for expenses you can deduct on your income tax return to decrease the amount of tax that you owe. Your receipts are proof that you actually paid the expenses that you deduct. If you file form 1040-EZ or take the standard exemption, you don't need tax-filing receipts,
Texas Homestead Exemption Requirements
Texas homestead exemptions allow you to take a property tax credit for a portion, or all, of your home's appraised value. Texas law allows you to only take a homestead exemption on your principal residence and certain homeowners may qualify for more than one exemption. General homestead eligibility
How to Claim Lost Wages Reimbursed by a Union on Income Tax Forms
The Internal Revenue Service expects taxpayers to report all wages on their income tax returns. This includes lost wages reimbursed by unions, which is considered "other income." Other income is taxable income and must be reported on your federal income tax return to the IRS. Income not reported on
What Is the Law Regarding W-2 Forms?
According to the Forbes financial website Investopedia, a W-2 form must be filed by all employers for each employee, with copies sent to both the Social Security Administration (SSA) and the employee. Copy A of the W-2 must be sent to the SSA.
With Tax Filing Advice, You're Able To Avoid Tax Levy Situations and Minimize Liens
Tax filing advice is vital if you need to minimize tax levy issues and minimize tax liens. Once you are in debt to the IRS have internal revenue service debt, it is hard to prevent levy challenges and prevent tax liens. However, you can minimize tax levy problems and stop tax liens with tax filing s
Save On Taxes - Stop Uncle Sam From Grabbing Your Hard Earned Money
Do you want to know how to pay less taxes? You're in the right place.It's been my mission for years to help my clients and myself save on taxes. There's no reason to give Uncle Sam more than he's due!
Tax Relief - Notice of Wage Levy
The Internal Revenue Service is very knowledgeable when it comes to using intimidation to coerce taxpayers into an adverse tax collection action. This will offer no tax relief whatsoever; and is, in many instances, based on insufficient facts or incomplete information.
How to Work Out VAT Percentages
A value-added tax (VAT) is a charge -- derived from a set percentage for a specific purchase -- added to what you pay for it. For example, you may have an interest in buying a pair of shoes. In a locale where the VAT is in effect, you may pay that item amount and the VAT charge will be already inclu
Adoption Tax Credit for Separated Couples
Married couples filing separately cannot usually take a federal adoption tax credit unless they meet tests established by the Internal Revenue Service. Couples who are legally divorced do not have to meet special tests. Separated members of a couple who do qualify can take an adoption tax credit tha
Investment Accounts for Minors
Though minors (those under the age of 18) cannot open their own investment account, a parent or legal guardian can--and should--open an account for their minor when possible. There are two ways to open an investment account for minors: in the parent's name or as a custodial account (in the minor's n
Insurance Benefits for the Middle Class
Most employers today who hire W-2 employees will offer benefits to those who work full time for them. These benefits can vary widely in scope and quality, but the majority of benefits packages offered to rank-and-file employees generally contain a core set of insurance coverages that are approximate
How to Have Property Taxes Reevaluated
You may have been surprised when you received your property tax bill to see that your taxes have not gone down even though the value of your home has. Fortunately, you can appeal your property tax bill. You'll have to state a convincing case and you might have to battle with your local county assess