Taxes : Business & Finance
One of the financial benefits of marriage is that you can file a joint return with your husband and take advantage of lower tax rates on your combined income and a larger standard deduction. On the other hand, you will be responsible for any unpaid tax liabilities that either of you incur during the
The IRS allows you to claim an older person as your dependent provided you satisfy all requirements of the qualifying child or relative rules. However, it’s less difficult to satisfy the requirements when claiming a disabled relative since the tax law provides some exceptions for these individ
In a differentiation effort and a true desire to inform and educate, I will try to not constantly reiterate and rant and rave about the same things all the conservative writers are ranting about. I am going to be reporting and commenting to you on items before and being considered by Congress that y
Personal property is anything you own other than land and buildings. Land and buildings are called real property or real estate. You can own tangible personal property and intangible personal property. Both types of property have economic value expressed in dollars. Both types of property can be use
Attorney Susan Dawson presents 10 questions to ask before signing a commercial lease, including leasing terminology, CAM provisions, personal guarantees.
One of the most dreaded times of the year. Filing your income taxes can be one of the hardest thing an individual can do. Gathering all the information before sitting down and getting started or heading out the door to get your taxes done can save time and money. One of the things that you may want
If you itemize your deductions and are responsible for job expenses that equal more than two percent of your adjusted gross income, the amount might be reportable on Schedule A of Form 1040. Schedule A is a form used to calculate the amount of an individual's itemized deductions. Each taxpayer is al
Married couples have the option to file a joint tax return or separate tax returns. In general, a joint return results in lower overall tax and provides tax benefits not available to other filing statuses. Separate returns, however, limit your income tax liability to the tax and penalties from your
Taxes are going to be an important economic issue in the upcoming congressional switch. Many races are going to be very close with the control of the house and possibly the senate up for grabs. Some members of both groups are working to move their agenda ahead so that they are able to end the terrib
Donating a car to a charity might seem like a simple process in Maryland based on signs you see on the side of the road. It is relatively simple, but there are certain steps you must follow. If you fail to follow these steps the car might not ever be officially transferred. This could result in you
Every Law is complex because of its provisions, case laws and mainly its legal language. When it comes to income tax everyone is keen to know about what kind of incomes are taxable as per ...
People anticipating a tax refund may wish to file their federal income taxes as early as possible. You can file as soon as you have all the necessary documents. For most people, this occurs by late January or early February. There are several ways to expedite your return or gain immediate access to
Filing income tax returns can be a complicated and time-consuming endeavor. If a taxpayer's return is audited by the IRS, there are certain things consumers should know about the data the IRS uses in a tax audit.
Whether you file your taxes online or by paper, being prepared will make it go much faster.tax forms image by Chad McDermott from Fotolia.comFiling taxes can seem overwhelming and is often confusing. Being prepared before you start is essential to making the process go smoothly. If you...
Soldiers enlisted in the military may get a waiver on back taxes under some circumstances.a soldier on exercise image by Pavel Bernshtam from Fotolia.comBack taxes are owed to the U.S. Internal Revenue Service if you failed to pay enough tax in years past. People who are enlisted in the...
General tax questions that might be encountered include "Did the IRS get my check?"tax forms image by Chad McDermott from Fotolia.comSome people consider taxes the bane of their existence, as tax time can be one of the most stressful periods of the year. Given the complexity of filing...