Taxes Archive

How to manage your taxes when you work as an independent contractor My husband and I just finished our refinancing application. I don’t believe that the small, conservative bank we worked with was expecting the …

Share incentive plans give employees a chance to acquire shares in the company they work for, thereby giving them a financial stake in the company’s success and an incentive to work harder. Companies may offer …

Income taxes are something that is on the minds of most people throughout the United States, not only during tax season, but throughout the year as well. It seems that this can be a very …

Now that the economic stimulus package has been passed in both the House of Representative and the Senate and has been signed by the President, many people are wondering how the economic stimulus package is …

Generally, UK businesses registered for value added tax (VAT) must submit quarterly VAT returns. They can ask for their VAT quarters to coincide with their accounting periods. It is also possible to request “non-standard accounting …

There are any number of reasons that people have their tax return audited by the Internal Revenue Service (IRS).  In fact, a certain number are picked at random, so really there’s nothing you can do …

Working from home has it’s benefits. You can work in your pajamas. You set your own schedule. You can fold laundry or straighten up the house during a break. No one will ever complain about …

When it comes to doing their taxes, people will try just about anything imaginable in order to squeeze a little more money out of their tax return. Among the many well known deductions that people …

It’s tax season and you just want the quickest way out without watching the IRS rip your wallet in half. With your taxes, you have two choices: standard deduction or itemized deductions. You would probably …

Millions of people will be receiving an income tax refund check from the federal government this year because of an overpayment of their taxes throughout the year. Once these people get these checks into their …

In her first year as a divorcee, Babs*, was terrified of the entire tax process. For 37 years her husband had handed her a blank 1040 form and told her “sign this.” That was the …

Do you want to get your tax refund a little quicker without having to pay for a rapid refund loan that eats away a chunk of your refund? The answer is to have your refund …

Home ownership is one of the few ways that a typical American can have his or her money “work for him/herself” to achieve significant financial gains. Home ownership receives very favorable tax treatment through three …

Should you hire someone else to do your taxes, or do them yourself? The answer depends on your individual circumstances, how comfortable you are with tax forms and recent changes to tax law, and how …

Overview of Filing Taxes Online Federal income taxes must be filed each year. You must figure out how much your taxes are and file a federal tax return with the IRS (Internal Revenue Service). Using …

In the world of finance more often than not today is better than tomorrow, and when it comes to borrowing against your sred claims your ability to monetize sred tax credits for working capital is …

Unemployment brings a new income status – and a new set of tax regulations. Here’s the most important things to remember about filing taxes when unemployed. First, the bad news. * Unemployment benefits are taxable. …

Since 1986, the Internal Revenue Service (IRS) has accepted e-filing of tax returns.  However, in the beginning very few taxpayers were eligible for or made use of this method.  Over time the IRS has greatly …

Fans who watch James Bond movies, or a film like Tom Cruise’s The Firm, will remember instances where the bad guy is using offshore banking to help protect their money from prying eyes. In The …

There are many types of tax subsidies. For instance, there are labor, export, consumption, and infrastructure tax subsidies. Tax subsidies are normally created by governments. They are created to help businesses and individuals that have …

There are few people who don’t find tax season to be stressful. You are not alone. In fact, the only people who are not at least slightly disturbed by it are those who either don’t …

My two adult kids, longtime apartment dwellers are now shopping for homes or condos in one of the most inflated real estate markets in the US. I lived in the same area 50 years ago, …

The term “non tax payer” was coined by various financial institutions and the media. In truth, there is no such thing. In fact, the old saying is true – there are two things in life …

There’s a new buzz phrase in Congress that has legislators salivating at its revenue potential. What is it and what does it mean to the average citizen? It’s called the Tax Gap and because Congress …

Tax season in the US coincides with spring and is a time of year spring takes on the task of awakening nature from its long slumber. For many people tax time is also a period …

There are many different challenges to everyday life that people must face together. For example, having taxes to pay is a requirement of being a responsible citizen. Some people do not understand the very complicated …

Working tax credits in the UK represent a scheme whereby the government affords financial assistance to those who are working but are on a low level of income. They are available both to those in …

Of course there are numerous taxes you could be late on, including state taxes, local taxes, sales taxes for your business, etc.  But for the purposes of this article, we’ll be looking only at federal …

Tax time is right around the corner and it’s time to find last minute ways to cut your tax bill. There are several ways to decrease a tax bill even in the last month of …

Tax-sheltered annuities are a sort of retirement plans only open to people employed by cultural, non-profit, religious and educational organizations. This annuity allows the member to make voluntary deductions from the monthly salary into a …