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Taxes : Business & Finance

How Much Income Do You Have to Make to Report It on Taxes?

The limit to what you can earn before you're required to report it on your federal tax return depends on your age and filing status. After you meet the filing limit, the IRS requires that you submit an income tax return before the deadline. If you didn't pay enough, then you must pay the IRS or make

Checklist for Doing Taxes

Have everything you need to get your taxes done correctly.tax forms image by Chad McDermott from Fotolia.comTaxes are an inevitable part of life, and each year as the income tax deadline approaches, there is always the moment when you wonder if you have everything you need to file....

Sole Proprietorship & Audits

A sole proprietor is a small business owner who reports her business income and expenses on Schedule C of her personal income tax return. In the past few years, the Internal Revenue Service has stepped up its examination of Schedule C reporting. This makes it more important than ever to keep accurat

Tax Deductions For Your Daycare Facility

Finally, you've decided to put up a daycare center, congratulations. You may have the compassion and patience with children, so you want to take good care of the children of others. Now, that you'vestarted a daycare center, you can apply for a daycare tax deduction on your taxes. For you t

Common Tax Planning Mistakes

If you take the time to thoroughly go through your taxes and make the effort to do them right, then you can get hundreds, or even thousands of dollars, in your bank account.

1099-MISC Tax Filing Deadlines Are Around The Corner

The thrill of New Years has barely worn off, yet it is already time to get back to the grindstone. In this case, we are talking about tax season. The issue? Any 1099-MISC filings need to go out in the

What Is the Income Level Required to Stay on SSI in Pennsylvania?

In Pennsylvania, you can receive federal Social Security benefits by applying at any Social Security office located close to your home. Supplemental Security Income is a Social Security program that pays disability benefits. To qualify to receive these benefits in Pennsylvania, you must meet the fed

What Is IRS Form 720?

Companies and individuals that do business in the United States are required by law to file taxes with the federal government. A variety of forms are required based on varying circumstances of the individual taxpayer or company. A Form 720 is also known as a Quarterly Federal Excise Tax Return.

U.S. Expat Tax Return Filing Requirements At a Glance

If you are a U.S. citizen or permanent resident (green card holder), you must file U.S. Federal income tax returns even after you move outside the U.S. This requirement is different than in most countries. ...

How to Withhold Taxes for the IRS

When working in the United States, a percentage of your wages must be paid to the federal government. One of the simplest ways to help manage your money and save the necessary amount of taxes is to have funds withheld. This means money from your check does not go to you during a pay period; it is se

Answers to Tax Questions

Simplify your tax preparations by finding answers to tax questions.tax forms image by Chad McDermott from Fotolia.comDuring tax season many Americans stumble upon a number of questions and concerns while attempting to prepare their taxes. If you're not an accountant, understanding the...

Tax Saving Tips for Families

We're all looking for tax saving tips. Most of us pay large amounts each year in taxes, and we need ways to reduce these expenses. There are many tax savings tips that can especially help families to reduce their taxes by looking for expenses that they might not have realized are tax deductible

How to Get Copies of My 2005 Federal Income Tax

It's a good idea to keep copies of your federal tax returns. The Internal Revenue Service says that keeping a copy helps when it comes to preparing future tax returns and when making computations if you file an amended return. If you failed to keep or misplaced a duplicate of your 2005 return, you m

Ea Test Taking Tips - Reducing Anxiety

So you think you're prepared for the Special Enrollment Exam. You've studied for weeks. You know the material backwards, forwards, and upside-down. You've purchased every enrolled agent study guide for the test known to man. You even made flash cards. Then comes test day. You walk int

Automobile Tax Deduction - Am I Eligible?

Automobile tax deduction, what exactly is this and what kinds of automobiles will qualify you for it. Under federal law in the United States there are two ways to qualify for it. Find out more...