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Taxes : Business & Finance
How to File for a Federal Tax Return Extension
You can get an automatic six-month extension--to October 15th--if you e-file or mail in a relatively simple extension form. Unless the IRS finds reason to object, your extension request should be granted and you'll have several more months to get your tax return on file. Be aware, however, that you'
How to File a Previous Year's Tax Return in Massachusetts
The Massachusetts Department of Revenue requires all taxpayers that earn more than $8,000 to file an income tax return by April 15; however, if you are due a refund, you should file a return to claim your refund. If you did not file a previous year's tax return, it is important to file the return as
Canadian Income Tax Relief Important Guidepost
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Are Social Security Disability Wages Taxable?
Many Americans are struck with a disability ever year, leaving them unable to work a normal job. The federal government provides those people with benefits in order to survive financially through the Social Security Disability Insurance Program. However, this income program is governed by certain ru
Can a Spouse's Previous Tax Problem Hurt Joint Taxes?
When your spouse owes premarital federal or state tax debts, the IRS and your state's taxing agency can withhold your entire income tax refund if you file your taxes as married filing jointly. The IRS offers some solutions that may help you receive your portion of your joint tax refund.
What Do I Do If My W-2 Is Incorrect?
When it comes to filing taxes, there is no more important statement than a wage earner's W-2. This form details income for the Internal Revenue Service. If the information contained in the W-2 is incorrect, the taxpayer will not pay the correct amount of tax. If there are errors on your W-2, you sho
Barter and Taxes for Businesses
All about barter and its effect on business taxes, including how to record barter sales, barter exchanges.
Where Can I Find Federal Income Tax Rates?
The U.S. Tax Code can be extremely complicated. There are six tax rate brackets and four filing statuses.
Get IRS Tax Relief Help From Tax Settlement Companies
Many people are having IRS and State back tax problems that come from unpaid State and federal taxes, audits unfiled returns, late filings or more. Therefore, you can get IRS tax relief help from tax settlement companies that will help you solve the tax problems.
What To Do When Taxes Are Due And You Are Broke
Taxes come due every year at the same time and many of us plan for them by saving up money to pay the amount we owe. That being said, what happens when tax season rolls ...
Net Income Tax Liability Definition
Americans first began paying income taxes in 1890 during the time of the Civil War. Most Americans know that April 15 is tax day, the deadline for all U.S. citizens to file their taxes. Filers will either get a refund or owe the government money. If you owe money, this is your net income-tax liabili
California Tax Preparers Have Fast and Easy CTEC Renewal Options
According to California state law, all tax preparers must comply with the continuing education act and be CTEC certified every year. This is the time of year that tax professionals in the state of California dread or procrastinate until just days or worse, hours before the deadline.
How to Get Help with Child Tax Credits
Taxpayers who are required to file income tax returns each year who also have qualifying dependents under the age of 17 at the end of the tax year are eligible to claim a child tax credit. Child tax credits are available up to $1,000 per qualifying child per year. A qualifying child must be your dep
How to File Form 4868 Individual Income Tax Extension Form?
Are you working really hard on your federal tax return, and you know the deadline is fast approaching but you just know you will not be ready to submit your whole return finished? Well there ...
Need Tax Relief From Filing Stress? Try These Tricks to Make Next Tax Season a Breeze
Many people wait until March or April to start digging through their tax files--if they even keep a filing system in the first place. If youre suffering from disorganization, make this the year you get ...
The Interest & Dividend Tax Compliance Act
The Interest and Dividend Tax Compliance Act was enacted into law in 1983 in order to repeal tax withholding requirements for interest and dividends paid and replace them with a system of backup withholding and information reporting.
What Are the Best and Worst States for Sales Taxes?
The Tax Foundation has ranked the states with the highest and lowest combined state and local sales taxes.
What Is an IRS Earned Income Credit Form?
Individuals or families with low to moderate income use the Earned Income Tax Credit (EITC) form to apply for a tax credit. You can receive a tax refund if the EITC is greater than the amount you owe in taxes and you meet the income requirements.
Unemployment Rules in Michigan
With one of the highest rates of unemployment in the nation, the legislative assembly in Michigan enacted new laws providing extended benefits to unemployed workers who were unavailable to find work after exhausting their state benefits and federal emergency unemployment benefits. The new law provid
IRS Audit Penalties
The IRS can penalize people it finds have committed a tax crime.tax forms image by Chad McDermott from Fotolia.comThe Internal Revenue Service (IRS) conducts audits of individuals it suspects may have submitted fraudulent information on a tax return. If IRS authorities find evidence that...