Taxes : Business & Finance
The taxes your employer is supposed to withhold from your paychecks are called withholding taxes; your employer takes them out of your paychecks before paying you. Federal withholding taxes apply to all employees, unless an exemption applies. Each tax has its own calculation.
You can only file as married if common-law marriage is recognized in your state and your relationship meets that state's standards. As of May 2011, only nine states recognize such relationships. If you do qualify as a common-law married couple, keep documentation demonstrating your relationship on f
When two parties in an agreement or contract have financial dealings, they may set up an escrow account that's monitored or governed by an independent third party, known as an escrow agent. When certain terms of the contract have been fulfilled, the agent will release funds in accordance with the gu
Federal tax credits that apply to taxpayers classified as self-employed include those applicable to small businesses as well as to general credits available to individuals who meet the requirements applicable to each credit. The Internal Revenue Service (IRS) considers self-employed individuals a sm
You can use capital gains from real estate to pay off a second mortgage or anything else for that matter. Capital gains income is the difference between the purchase price for a piece of real estate and the sale price, when the sale price is higher. Most homeowners will find they qualify for a capit
The U.S. federal government offers tax credits to homeowners that make certain energy-efficient home upgrades as a way to reduce the cost of such upgrades and promote energy independence. It is possible take tax credits on more than one energy-efficient home upgrade, but credits are subject to certa
You don't require the services of a professional unless and until you have a complicated return to file or you have a bit one Time Financial event.It is common experience that you won't get what you pay for and you could have been better if you would have filed on your own.
Regardless of what type of lifestyle you may lead, eventually everyone has to cope with paying their taxes. However, if you are not experienced with filing taxes or you are having some difficulties after submitting your annual payments, it may be time to consider consulting with Bristol tax lawyers.
The Internal Revenue Service allows legally married couples to choose whether to file jointly or separately. Either spouse can make the decision to file a separate return, regardless of whether they live together or not. If your estranged wife chooses the "Married, Filing Separately" status, you may
The Free Application for Federal Student Aid form helps calculate need for federal student aid to current or enrolled college and university students in the United States. The U.S. Department of Education administers the program and provides grants and loans to eligible undergraduate students and lo
County and state governments need property tax money to pay for their expenses. When a property owner delays or fails to pay their property tax, the government entity still has bills to pay. Tax liens are a way for the government to pay their bills, while allowing investors to profit off the tax li
The one that has always been into the business will be the best Naperville accounting firm which you can pick on.There are too many different types of accounting firms that you would otherwise come across while you
Everyone needs an estate plan. It’s the single, most effective way to preserve your wealth and transfer your worldly goods efficiently, tax-effectively, and according to your wishes.
This article is a call to everyone who uses their personal vehicle for business, to maintain your tax deduction documentation correctly by writing down your vehicle odometer reading on January 1st.Free vehicle mileage log PDF files available for immediate download.
If you qualify for a tax-deductible contribution to a Traditional IRA, there is no difference in the tax consequences for that contribution and a payroll deduction for the same amount to your account in your employer's 401(k) plan. To decide which is your better option, compare the characteristics o
If you live in Florida and are starting a new business, you may need to obtain a tax identification number, also called an employer identification number (EIN). Generally businesses that have one or more employees and operate as a corporation or partnership anywhere in Florida will need one. Anytime
Business or hobby? Businesses can take losses on tax returns, but hobby activities cannot deduct expenses for losses. How to make sure the IRS sees your business as a business and not a hobby.