income tax

Some Tips On Doing Your Own Taxes

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Doing Your Own Taxes may appear daunting, in a lot of cases however it is really not that difficult. In order to be successful with it though, you will need an accurate record of your expenses and incomes, and will also need to become familiar with the available tax codes. If you have questions for a tax professional on this topic just ask your question ateHow.com.

Doing Your Own Taxes Instructions

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You should generally stay organize and keep a record of your incomes and expenses throughout the entire year. You will need a dedicated binder or file system to keep … Read more at 2011 Taxes.

Tax Return Forms And Filing IRS Taxes

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Tax Return Forms And Filing IRS Taxes

Tax time can be an incredibly hectic time for every individual of taxing age in the United States and other countries. There are forms aplenty for every type of deduction, job, withholding, and pay out and understanding some of the basics is the best way to get your taxes off to the right start. Using a system like TurboTax 2013 can be helpful, but a working knowledge of what tax return forms to fill out is still necessary to get the maximum refund.

The first and most common forms are the 1040 and … Read more at 2011 Taxes.

4 Overlooked Tax Deductions That Yield Big Rewards

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Tax time is upon us. While some people look forward to this time of year, many more dread it as they think about the amount of money that they may have to pay. It must be done, so let’s work at getting the most money back. After all, the IRS claims that millions overpay each year.

1. State Income Taxes
If you paid state taxes last year, then you are eligible to subtract them from your federal taxes this year. Make sure to know the exact amount that you paid in these taxes, so that your return is not delayed.… Read more at 2011 Taxes.

Know Your Tax Responsibilities on Insurance

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When purchasing life insurance, it is important to consider all of the circumstances that could affect the amount of money needed by beneficiaries. One issue everyone should consider is taxation. Many people wonder if they have to pay taxes on life insurance. Many people assume that all proceeds from life insurance are tax-exempt, but the truth is actually more complicated.
Death benefits of a life insurance policy, in general, are free from federal income tax when distributed by the insurance company to a named beneficiary or multiple beneficiaries. In other words, when a husband dies, his wife usually does … Read more at 2011 Taxes.

Lower Capital Gains Taxes Can Influence Voters

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The current capital gains taxes on investment income are fifteen percent. While the taxes on the middle class wages are around thirty-five percent. Mitt Romney admitted recently that he pays only fifteen percent on his total yearly income. The Occupy Wall Street movement has not faded from voters’ memories or the specter of the wealthy one-percent. Romney found himself identified as a member of this affluent group.

There has been serious debate as to whether lower capital gains taxes will help the economy. Top economists do not agree on the effect of lower taxes investment income. Some contend … Read more at 2011 Taxes.

Tax Carnival Ecstasy – January 3, 2012

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Welcome to the January 3, 2012 edition of Tax Carnival Ecstasy. We have the top 5 articles this week for the carnival including how to get Free Tax Advice by Phone this tax season from a software company. Joe Morgan takes a look at being Prepared to Pay $3,598 More in Income Tax for 2012. And Clint Cora examines the W8BEN Form For Canadians,  this form is for Foreigners Who Work In The US. Hope you find the information helpful, bookmark, share, tweet, like on Facebook, and come back soon.

tax law

Lawyer presents What is Tax Law? Do You

… Read more at 2011 Taxes.