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Tax Law : Law & Legal & Attorney

Government Income Tax Laws

Arguably the most important set of tax laws and regulations in the United States are those regarding U.S. income taxes. This is because it is the only federal law that compels each and every citizen to undertake mandatory action on an annual basis in filing an income tax return. Tax laws are often m...More...

How to Change State Withholding Tax on Your Paycheck

Nine states do not charge state income tax, according to the Internal Revenue Service (IRS). These states are Alaska, Florida, Nevada, New Hampshire, South Dakota, Texas, Tennessee, Washington and Wyoming. States that collect income tax require employers to withhold it from employees' wages. Each st...More...

Alabama Legal Rights About Deceased Family Members

In addition to the emotional impact it causes, the death of a loved one brings about complex legal issues. The state of Alabama has mandated a series of laws that relate to the rights and responsibilities of family members when a relative passes away. These laws are designed to protect the interest...More...

History of the Inheritance Tax

The United State began taxing estates and inheritances in 1916. Many times you hear these taxes called "death taxes." Proponents say the taxes keep the nation's wealth from being concentrated among a few families. Opponents say the taxes discourage the accumulation of wealth and hurts economic growt...More...

What Interest Is Deductible When You're Married and Filing Jointly?

Married people filing joint returns usually pay lower income taxes than people with any other filing status. In addition to this, many married people filing joint returns may also qualify for other income tax deductions that can further reduce their income tax liability. Some of these deductions req...More...

Tax Deductions From a Death

Filing a tax return can be a complicated process, especially if you have to file a return for a family member who died. The Internal Revenue Service requires the executor of a deceased person's estate to file a final income tax return for the year of death. Deceased taxpayers are eligible for the sa...More...

Can I Claim School Aftercare Expense?

The Internal Revenue Service gives some credits and tax breaks to working families who must pay for child care. Parents often must work past the time that school lets out, and not all after-school programs are free. If you fit the specific criteria that the government requires, you may be able to de...More...

Tax Deductions on Land Construction in Tennessee

A majority of states, including Tennessee, impose an income tax on residents in addition to the federal income taxes they pay on the same income. However, the tax deductions available in Tennessee for construction costs depend on whether you are the one benefiting from the work or the company provid...More...

How to Find the Sales Tax on an Item

Sales tax is a type of consumption tax charged on many products and services at the point of sale. In most cases, the sales tax is collected by the seller of the product or service at the time of sale and given to a state or local government agency at a later date. Most states and many municipalitie...More...

1040 Directions

Perhaps nothing in modern American life causes such universal worry and stress as the approach of tax time. If, however, you collect all of your paperwork before starting and take it one line at a time, tax time need not be a headache....More...

How to Prepare Trust Taxes Online

Unlike personal income tax forms, trust income tax forms can only be filed online with advance permission from the IRS. Like personal income tax forms, however, trust income tax forms must be filed by April 15. Filing electronically can speed up this process, assuming you plan ahead and become IRS-q...More...

How to Fill Out a Schedule B 941

Every quarter your employer may need to complete a Form 941 for the Internal Revenue Service (IRS). The Form 941 is used to report federal payroll tax liability. It outlines all the withheld income taxes, including tips, wages, paid sick leave and unemployment benefits. You may be required to comple...More...

Bankruptcy & Property Taxes

Property taxes are those taxes assessed by county governments and schools on the assessed value of real or personal property. These taxes are usually paid yearly. While the taxing authority does not have a lien in the same manner a mortgage holder would, they have the authority to attach a lien to ...More...

Tax Write-Offs for Health Insurance

According to the Kaiser Family Foundation, premiums for family health care insurance in the United States rose 3 percent to $13,770 per year in 2010. Higher health care costs have put financial strains on working families as well as employers who sponsor plans for their employees. To help make healt...More...

Types of Taxes in Texas

Texas residents only pay income tax to the federal government.tax forms image by Chad McDermott from Fotolia.comU.S. citizens are subject to a variety of different taxes. Some of those are imposed by the federal government, while others come only at the state level. In the state of Texas,......More...

Taxpayer Relief Act of 1997

In August 1997, President Bill Clinton signed the Taxpayer Relief Act into law. With more than 800 changes to the tax code, the Taxpayer Relief Act provided numerous benefits to taxpayers....More...

Can Banks Take Federal Income Tax?

The consequences for owing money to a bank can range from the inability to open a bank account to monetary penalties such as having your bank account or employment wages garnished. Such a position may cause some anxiety over whether your federal tax returns can be garnished. In fact, using your bank...More...

Tax Deduction on Mortgage Down Payments

Homeownership can offer several tax advantages. These advantages include the ability to deduct interest, points and insurance. However, the IRS does not allow you to deduct the down payment amount from your tax return. Generally, tax deductions result from expenses incurred generating income or reve...More...

Nondeductible vs. Deductible Taxable Interest

Nondeductible or taxable interest is money paid to you or credited to an account you hold during the current tax year, such as that paid by savings accounts, checking-with-interest accounts, certificates of deposit (CDs), money market accounts, and deposits, called dividends in some insurance accoun...More...

For What Is a W-4 Form Used?

W-4 is a standard Internal Revenue Service form employees fill out when starting a new position. It allows employers to determine the amount of income tax they should withhold from employees' paychecks. Additionally, it gives employees an option to have no tax withheld if they qualify for an exempt ...More...