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Taxes : Business & Finance
What Can I Claim for Self-Employment?
Self-employed tax payers have many options for deductions on federal taxes. The type of business you own will determine the types of deductions you can claim. Tax laws change on a regular basis; consult an accountant or a tax professional before filing your taxes each year. State tax laws are not al
How to Itemize Your Income Taxes
The Internal Revenue Service uses a formula to determine the standard deduction taxpayers can claim when they compute their taxes. But depending on your circumstances, you might be able to save money by itemizing your deductions instead of accepting that standard figure. If you have high expenses an
Do You Have to Pay All Your Taxes Upfront for an Escrow Account?
Escrow constitutes a special type of financial account commonly used in the real estate industry. When you buy a house, the bank that provides the mortgage often sets up an escrow account in addition to providing the loan money. This account helps homeowners with limited financial resources pay prop
Can I Put a Lien on My Father's Estate?
If someone dies owing you money, you can file a claim against the estate. Even if the deceased was your father, you can file a claim, but you probably wouldn't need to use a lien. When the estate enters probate, your father's executor will have to pay off all legitimate claims against the estate, wi
Can the IRS Refund Be Garnished for a Dependent Debt?
The Internal Revenue Service (IRS) and the United States Department of Education (DOE) can take your IRS refund check if you have past-due taxes or if you have defaulted on student loans or dependent-support payments. The only means other creditors have of garnishing an IRS refund for dependent debt
How to File an Income Tax Return for Seniors
If you have elderly parents, grandparents or other relatives, offering to file their taxes for them can be a very nice gesture. Many seniors have trouble getting out to have their taxes done, and others are quite uncomfortable doing their taxes online. Fortunately, seniors often have relatively simp
The IRS Definition of Household Employee
In the United States, the Internal Revenue Code requires that taxpayers who hire a household employee pay employment taxes to the federal government. This tax is commonly referred to as the "nanny tax" but covers a wide range of potential household employees who are not otherwise categorized as inde
Who Must Pay State Income Tax in North Carolina?
In North Carolina, taxpayers must use Form D-400 to file their state income tax returns. The gross minimum income filing thresholds in North Carolina are different from the federal filing thresholds. Under North Carolina law, the North Carolina Department of Revenue does not adjust its annual thresh
How to Install ColdFusion CFX
The ColdFusion CFX extension lets you create ColdFusion tags and pages using the Java or C++ languages. You must install the CFX tag by registering it in the ColdFusion Administrator on your Web host server. The tag must have a unique definition to identify the tag from other ColdFusion tags, and yo
Tax Liens - When Does a Claim Becomes Time Barred?
It is common knowledge that to pardon is a divine quality and this is an aspect of human nature that has existed time immemorial and applied to everything, even to debts. The biblical allusion of the Israelites wandering in the desert serves a lesson. If a creditor could not bring a claim against th
How to Extract a Picture From SCR
A SCR file is a small Windows screensaver program, designed to create images on your screen during period of inactivity. One commonly used type of screensaver is a slide-show, which cycles between various photographs. Several pieces of software allow you to extract a picture from from a SCR file, bu
How to File Taxes for Military Deployment
Regardless of where a military serviceperson is serving or what position she holds, the obligation to file a tax return doesn't go away. However, military personnel are granted a certain amount of latitude, which can reduce the stress of filing while deployed. Before you make plans to file, you sho
Instructions for Filing a 1040EZ Form
If you are a taxpayer who files as a single or married and you have no dependents you might qualify to file form 1040EZ, the short version of federal form 1040. You may not file Form 1040EZ if you are over age 65, blind or claim dependents. Your taxable income must be less than $100,000. If you do n
How to Calculate Capital Gains Tax on the Sale of a Real Property
Capital gains tax on the sale of a real property is not an easy topic for many people to understand. This type of tax occurs when real property is sold and a profit is realized. If you sell the home in which you reside, there is a chance you can take advantage of the tax break provided to homeowners
How to Report Benefits From Pensions and TSP
When you receive government pension and TSP dollars during retirement, it's important to correctly report this income to the IRS. The Thrift Savings Plan, or TSP, and either FERS or CSRS pension income should be included in your normal tax return due each April. Ignoring this income on your tax retu
How to Itemize Taxes When Claiming Dependents
Two ways to reduce your taxable income when you file your income tax return include claiming dependents such as dependent children or other qualifying relatives, and itemizing deductions, which include medical expenses exceeding 7.5 percent of your adjusted gross income, charitable donations, mortga
Paperwork Needed to Donate a Vehicle in Texas
Charities that accept car donations try to make the process as easy as possible. In the state of Texas, you need the title of the vehicle, without any liens attached to it, to donate your car, truck or motor home. Ask for a receipt from the charity for your tax return, and you should submit a Vehicl
Can I File My Taxes With Just One of My W-2s?
When you do not receive all of your Internal Revenue Service W-2 tax forms on time, it becomes difficult to prepare and send your taxes before the due date. Rather than file your taxes with just one of your needed W-2s, there is a preferred method to handle these types of situations.
How Does Chapter 7 Bankruptcy Affect a Creditor Levy or Lien on Personal Properties?
Although there are negatives involved in filing Chapter 7 bankruptcy, if you are a debtor in need, Chapter 7 can provide a clean break from a troublesome debt load. However, if you do choose to file Chapter 7 bankruptcy, there are certain debts you cannot discharge. In addition to debt such as most