Browsing Category
Taxes : Business & Finance
Why Are My Federal Withholding Taxes Going up on My Monthly Pension?
Federal withholding amounts are generally based upon information you give your pension plan distributor concerning your tax filing status and exemptions. Changes in the amount of income tax withheld from your check may be the result of several factors. Information you provide to your employer may be
Who Gets the Child Tax Credit When Parents Are Divorced?
Parents may only claim the child tax credit for a child who is considered a qualifying child by the IRS. Specific criteria for the child tax credit must be met to pass the qualifying child test. Typically, the custodial parent is the one allowed to take all credits and exemptions related to a child.
How Do I Estimate Retirement Income Tax Withholding?
When you work for someone else, that employer is responsible for withholding the appropriate amount of taxes from your paycheck before you receive your money. This arrangement makes filing your taxes relatively simple and straightforward. But when you retire and leave that employer behind, you will
What Is an Idaho Architect's Average Salary?
Whether it is a small, one-story house or a massive multistory complex, chances are the structure's beginnings were created by an architect. While architects are hired to make real a person or business' building goal, architects also must rely on their education about safety, building materials, zon
Red Flags That Can Get You Audited
It is almost impossible to be completely proof of an IRS audit. However, people with simple and straightforward tax returns, withheld employment income, standard deductions, and no special credits will be least likely to be audited by the IRS. This is because the IRS will generally place emphasis on
How to Calculate Income Tax Rate
If you work either full-time or part-time for a company, chances are your employer calculates and deducts the income tax you owe from your paycheck. But if you are self-employed or work as a freelancer or independent contractor, you often have to figure out your own income taxes and make arrangement
Don't Become A Material Advisor
Accounting Today €Don't Become A Material Advisor' JULY 1, 2011 BY LANCE WALLACH Accountants, insurance professionals and others need to be careful that they don't become what the IRS calls material advisors. If they sell ...
How to Determine the Head of Household
The head of household designation entitles the status holder to receive a tax rate that is lower than the tax rate for those with single or married filing status. However, it is a restricted status. Those who wish to file as head of household must meet all of the requirements set by the Internal Rev
Tax Considerations When Dealing With ETFs
Exchange Traded Funds (ETFs) are an investment vehicle that has been available since the early 1990s but has become more popular after the market crash in 2008. The EFTs were introduced into the market to enable investors who wanted to have passive investments in stocks and commodity markets to inve
Details on Tax Breaks for Homeowners
The IRS maintains several different tax deductions and credits for homeowners to encourage property ownership and help mitigate the cost of maintaining a property. These deductions range widely from the direct cost of obtaining a home mortgage to reducing tax liability by interest and taxes paid to
Useful Tool For Knowing Gold Mining Stocks Rank To Gold Stocks Investors
Are you aware of latest computer tools meant for profitable gold investment on a strategic basis? Perhaps, the availability of an advanced means such as gold mining stocks rank tool will be helpful for you ...
Reducing Your Capital Gains Tax (CGT) Liability
Capital Gains Tax (CGT) applies when chargeable assets are disposed of and is applicable to individuals and trustees but not to limited companies, although Limited Companies do pay Corporation Tax on the gains that they make. Chargeable assets includes all forms of property unless it is specifically
Last Minute Tax Tips
Last Minute Tax ConsiderationsApril 18 is fast approaching and with it, the deadline for filing your 2010 income tax return. While the majority of your 2010 tax figures are already in place, there are
Can I File My Income Tax Online Without a W2 Form?
If your employer moves or closes up shop, you could be left without a W-2 come tax time. Filing a tax return without a W-2 can be a bit more difficult than showing up at your accountant's office with your W-2 in hand, but it can be done. If you have an employer, it is important that you know what y
IRS Form 1099-B Questions
The 1099-B is one of many tax forms that may be needed to complete tax Form 1040.Jeffrey Hamilton/Digital Vision/Getty ImagesTax forms created by the Internal Revenue Service (IRS) include a number of 1099 forms for reporting various types of income not considered standard wages and...
The Stress Free Way to File Taxes
Tax season is one part of the year where many people feel worried and stressed out because they are not sure if they are going to get their taxes done, and if they get them done they are worried that they didn't do something accurately which may cause them to get audited. Have you been looking
When Is GST Assessable?
GST is payable by supplier of taxable supply in respect of the taxable supplies under section 7 of the relevant legislation and flexible importations that they make. There are special rules dealing with taxable importations which are different from the general rules dealing with taxable supplies. Th
How Much Does a Private Investigator Earn?
A private investigator deals in information. He may assist individuals, businesses or legal services in criminal cases, civil liability, insurance fraud, child custody and missing persons, among other things. A private investigator may also conduct pre-employment checks for firms, compile background
First Time Home Buyer Guidelines for Tax Refund
If you purchase a home before April 30, 2010, you may be eligible to claim a tax credit for up to $8,000, depending on the price of the home.
Tax Refunds - Key Things to Know
Meeting the April 15 tax filing deadline can be like being in a horror story for most taxpayers. Once it passes, assuming you filed your return, the next step in the tax process can actually be a positive one. Why? The next step usually involves getting a tax refund!