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Taxes : Business & Finance

Who Should File Tax Return As Married Filing Separately?

Taxpayers who are considered married for any given tax year must choose whether to file married filing jointly or married filing separately. For most taxpayers, the most beneficial choice is to file a joint return, but depending on your tax situation, filing separate returns could prove beneficial.

What Do I Send the IRS for Filing Federal Taxes?

Filing a tax return is a cumbersome endeavor if you're not fully aware of what the process entails. Although tax law itself is fairly complex, the steps involved in filing a return are fairly straightforward and become routine over time. There are an assortment of choices to make regarding which for

Stamp Duty Cuts on Property to End the Housing Crisis

People won't trade up or start buying houses until they feel secure in their jobs. The focus therefore needs to be on job creation and job retention but a cut in stamp duty could provide the necessary push to get people switching houses...

Advantages of Out-of-State 529 Plans

Section 529 plans provide a tax incentive to set aside money for college expenses for parents and their children. Contributions are tax deductible, they grow tax-deferred, and withdrawals are tax-free, provided the money is used for qualified higher education expenses. Every state and the...

Tax Deduction and Child's Developmental Disability

A child with a developmental disability may have additional expenses for therapy and early-intervention services. The expenses and long-term care for a developmental disability may increase over time instead of decreasing. Parents will need to plan for their child’s care well into adulthood. H

How to File Taxes for Unemployed People

An individual who is unemployed and receives unemployment benefits, which are considered income, must pay income taxes on the earnings over a specified amount. Any person receiving over $400 of unemployment compensation must file a tax return. However, the Recovery Act allows each beneficiary in a

How to Take Taxes Out of Your Check With a 1099

If you earn more than $10 in royalties from freelance work, you will get a 1099 in February of each year for each client you worked for. As of 2010, if you end up owing more than $1,000 in taxes from this work, you will be charged significant penalties and interest for not paying the tax on a quarte

Tax Relief - Tax Help By IRS

The Internal Revenue Service (IRS) offers free tax help that is considered the easiest way to obtain tax help, whether you need information on tax relief or just the basics of taxation. $7.5 billion is disbursed every tax year by Americans to obtain professional help in preparing their tax returns.

Taxes on the Sale of a Primary Home

To provide a financial incentive for Americans to buy real estate, Congress enacted legislation allowing certain homeowners to keep their real estate profits without paying federal income taxes on them. The Internal Revenue Service allows taxpayers to exclude capital gains on their tax returns earne

Can I File Unemployment in the State My Employer Is In?

Unemployment insurance is paid for by a state tax levied on employers. Unemployment insurance is administered by each state, so eligibility requirements vary from state to state. You can and should file for unemployment with the state where you worked, and not with state where you live. Many states

The Minimum Filing Requirements for Individuals for the IRS

In the United States, the Internal Revenue Service enforces minimum requirements for which a taxpayer must file Form 1040, U.S. Individual Income Tax Return, or a simplified equivalent. These minimum requirements are typically based on income. Taxpayers not meeting these minimum standards may ofte

French Wealth Tax Explained

Several countries ask for a Wealth Tax in Europe. This is a concept that particularly surprises foreigners who decide to invest in a property in France .

What to Use an Old Satellite Dish For

At one time giant satellite dishes were status symbols. People who could afford these behemoths were privy to hundreds of television stations that their more cash-challenged friends and neighbors had never even heard of. These days, however, cable or smaller dishes are in nearly every home and the o

Non-Wood Decking Alternatives That Do Not Fade Over Time

Wooden decks are traditional options and provide classic decking colors and designs, but there are modern alternatives that can be used in place of wood. All decks are subjected to sunlight and weather patterns, so some fading occurs over time with nearly any substance. However, wood alternatives wi

5 Smart Ways To Use Your Tax Refund

Paying off debts isn't exciting, but it's a really solid way to use your funds. Debt just continues to build on itself, and carrying it has a negative impact on your overall credit score. A particularly hefty check from the government can have a big impact, even if you have substantial deb

Real Estate Investors - Refinancing With A 1031Exchange

One of the central concepts behind the 1031 tax exchange process is that a real estate investor cannot draw any direct benefit from the proceeds of the sale of his or her relinquished property; any cash removed from the sale is considered to beboot,

How to Donate a Car in Cleveland

Many car dealerships don't offer much for a trade-in when you purchase a new car. It may be more beneficial to donate your old car to charity. Not only will you be helping someone less fortunate, but you also will receive a tax donation receipt that will benefit you at tax time. If you live in the C