When are payments treated as child support?(Case Study)Ellentuck, Albert B
Self-Employed Federal Income TaxesA Guide to Paying Quarterly TaxesCan't File by the Deadline? Top 3 Reasons to File a Tax ExtensionWhen are Taxes Due? Important Tax Deadlines and DatesWhat is My Tax Bracket? More inVideos Video: What's New for Tax Year 2023?Video: Last-Minute Tax Tips...
Though most home-sale profit is now tax-free, there are still steps you can take to maximize the tax benefits of selling your home. Learn how to figure your gain, factoring in your cost basis, home improvements and more.
As a W2 wage earner, there's really no way around this enormous annual tax bill. Due to the SALT (State And Local Tax) limit of $10,000, high-income earners in high income tax states such as California, New York, New Jersey, Connecticut, Oregon, Minnesota, and Iowa lose out. Before...
What are the benefits of filing jointly? When it might be best to file separately How to file your taxes separately Who can use "married filing jointly"? Any couple in a legally-recognized marriage can file a joint return. This also applies if you and your partner qualify for a common-la...
Double-check how your workers are classified.If your business hires independent contractors, make sure they’re qualified for that status. If they’re not, the IRS can classify them as employees, resulting in back payments on payroll taxes. ...
The second thing to know about Social Security when married is your joint life expectancy. When couples are planning for retirement or annuity payments, they often use a joint life expectancy in which they take the life expectancy of their partner (who may become the beneficiary) into account ...
Tobacco manufacturers had to pay over $250 billion in punitive damages due to class action lawsuits. Most of this was not covered by insurance Despite this, all of the tobacco (i.e, cigarette) manufacturers are still in business and none went through bank ...
if, for example, you have large debts that you can’t repay, are behind in your mortgage payments and are in danger of foreclosure, or are getting calls from bill
In a Chapter 7 bankruptcy, a trustee appointed by the bankruptcy court will liquidate (sell off) many of your assets and use the proceeds to pay your creditors some portion of what you owe them. Certain assets are exempt from liquidation. Those typically include part of theequity in your ho...