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Taxes : Business & Finance
Can You Itemize if You File Married Filing Jointly?
Married filing jointly is one option you have when choosing to file your taxes. People who tend to file this way are married couples that both work. When you file jointly you combine your finances to maximize the deductions you can take. It makes sense to do this when your finances are combined and
Pros & Cons of Welfare
The term welfare refers to any type of government-funded assistance to middle- and lower-income citizens to assist with basic day-to-day needs. Although governments that provide extensive welfare benefits may take on the title of a "welfare state," most governments offer some form of welfare to at l
Help for Low-income Pet Owners
As much as you can plan for the worst, there are moments in life when you fall on hard times. Whether you lost your job or you can't work due to injury, you may find that you can't buy pet food or pay for veterinary bills. Fortunately, there are organizations that help low-income pet owners take car
How to Find Out When Taxes Were Last Filed
Individuals are required, for the most part, to file taxes each year. If, for some reason, you have not and have to find the last time you filed taxes, the Internal Revenue System has set up a couple of tools for you to use. By calling the IRS, you can request either a tax return transcript or a tax
Self-Employment Taxes for an LLC Member
Social Security and Medicare are funded via a payroll tax. Employees must contribute a portion of their pay to both systems, and employers withhold this pay from employee paychecks. Employers then forward their own matching contribution. Self-employed individuals, however, including members of LLCs,
How to Determine the Limits on Tax Deductions for Charitable Contributions
The good news about limits on tax deductions for charitable contributions is that there are no limits if your total contributions for the year are 20 percent or less of your adjusted gross income. For example, you would have no limits if you donated $20,000 of your $100,000 adjusted gross income. Th
What Type of Employment Verification Do Lenders Do?
A loan company's greatest concern is whether a potential debtor can pay back the money he wants to borrow. Therefore, most loan companies incorporate three different methods to verify employment.
If I File My Taxes Online, Can I Have My Refund Check Sent in the Mail?
As the Internet becomes more ubiquitous, many taxpayers are choosing to file their taxes online, through the Internal Revenue Service's official site. If you do this, you may nevertheless still want to receive any refund check you're entitled to via the U.S. Postal Service. Not only can you request
Know When To Claim For Uk Taxes Refund
There are so many people who are unaware of the UK taxes refund and never take steps to claim for it. One the other hand, there are people who are very eager to claim to claim the refund even when they know they have very few chances of accessing the same.
It' s Fall: 10 Weeks Of Alternative Minimum Tax Planning Ideas...week 3 "miscellaneous" Itemized Ded
It may seem odd that a category of expenses labeled "job expenses and certain miscellaneous deductions" could affect nearly a third of all taxpayers caught in the AMT, but that just happens to be the case.
Cohabitation & Alimony
In family law circles, "cohabitation" refers to a couple living together in a romantic relationship like a husband and wife would but not actually getting married. In the aftermath of a divorce, the companionship and economic contribution of a live-in significant other can be welcome. If you're rece
Are There Withholding Taxes on Lawsuit Settlements?
The tax rules requiring the withholding of payments you receive generally only apply to compensation you earn through employment. If you win a monetary award from a lawsuit settlement, the payer has no obligation to withhold taxes, regardless of whether the settlement is taxable or not. However, you
Personal Income Tax Mileage Deductions
When most people think about specific claimable itemized personal income tax deductions, the first thing that jumps to mind is business expenses. While it's certainly true that a wide variety of write-offs are available for ...
Using a Tax Refund Calculator to Prepare For Taxes
When need to you in fact commence arranging for the tax return? For about 30% from the population it's April 14th - just each day prior to the tax deadline. If you're one particular of ...
The hope scholarship or lifetime learning credit? Make the right choice
Both hope scholarship and lifetime learning credit are tax breaks for student education with different conditions for eligibility. Selecting appropriate alternative is vital for families.
Is Tax on Buying a New Car Tax Deductible?
If you paid sales tax when you bought a new car, you can deduct that expense on your income taxes -- but only under very specific filing circumstances. You must "itemize," and you must choose to deduct sales taxes rather than state and local income taxes. In 2009, Congress created a separate deducti
Five Common Landing Page Mistakes
Online advertisements, whether they are pop-ups in your Web browser or targeted ads on Facebook, are a great way to draw customers in to look at your webpage. But while getting customers to click on ads is a good thing, what happens when they actually do can be up in the air. A website's landing pag
IRS Payment Plans - Your Many Options
Understand a few types of IRS Installment Agreements available to you and how they are a great fit if you cannot pay the IRS in full. Understand how and why an IRS Installment Agreement or payment plan is a better option than declaring bankruptcy or not paying at all.
Filing Income Taxes - Lost Your Tax Return? Here's How to Replace It
There are many reasons to keep copies of your income tax return. Aside from the possible IRS tax audit, you may be refinancing your mortgage and need to prove two years worth of income or applying for financial assistance and required to submit last year's return. But what happens if you comple