In other words, my ramblings on the ol' tax blog are free advice, and you know what they say about getting what you pay for. That's why when it is time for you to file your own taxes, I urge you to get additional, professional, paid-for guidance from an accountant, Enrolled Agent...
A real estate investment trust, or REIT, is essentially a mutual fund for real estate. As the name suggests, the trust invests in real estate related investments. Investors buy shares in the trust, and the REIT passes income from its holdings to those in
From e-filing to IRS acceptance Once you've taken the step to e-file your tax return, the IRS typically doesn't keep you waiting too long. Within 24 to 48 hours, you'll usually get a notice that the IRS has accepted your return. But what goes on during that time? And wha...
Dec. 19: Are you taking on multiple gig jobs to make some extra holiday cash to pay for all those online orders? Those added side hustles mean you're an independent contractor. And that means you're responsible for paying income taxes due on the money, as well as any self-employment ...
The TCJA made progress on all three categories. I’m especially happy that we got the right combination –which is reduced use of loopholes and less money going to Washington. Now we need to take the next step, which means going after big remaining loopholes (such as the fringe benefits ex...
Learn the two main tax deduction types, how tax deductions work, and how they may or may not apply to you and your taxes.
You can divide the amount and put the money into fixed deposits in the name of your spouse or other family members. This is to try and keep the interest income under the INR 40,000 threshold. You should also know that if the TDS on FD deducted by the bank is more than your overall...
France Resumes Tax on Tech Giants, Seeks Deal With US More PARIS (AP) — France is resuming collection of a special tax on Big Tech companies like Amazon and Facebook despite the threat of U.S. retaliatory tariffs on French Champagne, cheese, handbags and other goods. The tax brought a...
However, you need to be careful when claiming this deduction in your tax return.Interest on a bank loan or a line of credit from a financial institution would usually be deductible. But if you’ve borrowed money from your wife or a friend, the IRS is likely to look at the transaction ...
These apps help retirement savers plan, invest and even get matches on qualified accounts. Kate StalterNov. 14, 2024 What Is the Social Security Tax Limit? Once your earnings exceed a specific amount, you can stop paying into Social Security for the rest of the year. ...