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Taxes : Business & Finance

How to Fill Out Form W-4 in 11 Steps

Filling out Form W-4 is one of the first things you do when you start a new job. You also fill out a new W-4 if your financial situation has changed and you want to adjust your withholding.

Get Instructions and Information of IRS Form 5329

The Internal Revenue Service imposes a 10 percent penalty on early distributions from a qualified retirement plan. Early distribution, according to the IRS, is defined as a withdrawal of funds from a qualified retirement plan ...

Not Enough Taxes Were Withheld

Most employees have taxes withheld from their paychecks. The amount of money your employer takes out in payroll taxes is an estimate of how much you owe. Most of the time, you already have paid most or all of your income tax by the end of the year through payroll deductions. However, sometimes not

Fbar, You And The Law

Even if you do not owe taxes from a previous year you must still file the correct FBAR as the penalties will still apply. Unless you enjoy serving prison time you should not attempt to get around filing FBAR forms. The rules for FBAR forms and FBAR penalties can be confusing and tricky to get throug

How to Calculate Federal Income Tax Refunds

The Internal Revenue Service is a United States government office that handles the taxes paid to the government by taxpayers each year. Taxpayers are U.S. residents who have an income higher than the amount of the standard deduction they are eligible to claim. Some U.S. residents have too much tax w

How to Make Schedules on iCalendar

Create schedules for every day of the month with Google's iCalendar application so that you can document an assortment of events and organize your time. Examples of the events you can schedule with this application include classes, meetings, birthdays, appointments and personal occasions. You can al

What Do You Gain by Hiring a Tax Consultant?

A Tax Consultant is a professional, whose job profile requires him to advise his clients on all aspects related to taxation, ranging from necessary tax returns to estate planning. This article gives y

Taxes Earned on Profit of the Firm

There are different kinds of tax which are faced by an individual but some of them may include Corporation tax which is levied against the profit of a concern during the given period. These taxes ...

Things That Qualify for the Energy Tax Credit

Energy consumption is one of the foremost concerns in the modern economy. Consumers demand energy for a wide variety of purposes and the production of energy is often associated with negative environmental externalities, such as the emissions of greenhouse gases. The United States government provide

Who Can Ask for Tax Information?

Many individuals and entities can ask for tax information for various reasons. Tax information is necessary to verify income and employment. It is also used to calculate expenses related to child support and alimony payments. Legal professionals, employers and lenders also have the authority to ask

How to Adjust Your Property Taxes

Property taxes are a function of your actual home value, so in good times property taxes are high and in difficult times property taxes are low, or at least they should be. If your taxes have not been adjusted to the value of your home there are some things you can do to expedite the process.

How Much Sales Tax for a Car in Tennessee?

When you buy a vehicle in Tennessee, you may have to pay state sales tax on it. In addition to state taxes, individual Tennessee cities may charge local taxes. You must pay the sales tax upfront when buying a vehicle unless you qualify for an exemption under Tennessee law.

What Happens When Your Property Taxes Are Unpaid?

Failure to pay property taxes result in penalties and interest on the delinquent payment. In some cases, the property owner can lose the property through a tax lien foreclosure. This helps local governments effectively collect property taxes and provides opportunities for investors.

Do You Have to Pay Income Tax on Social Security Disability?

The Social Security Administration runs different programs to help American citizens, including Social Security retirement and Medicare. Some Social Security programs are funded by the Social Security tax withheld from each employee's paycheck by employers. The Social Security Disability program pay

Tax Filing Extension Rules

The standard deadline for filing your tax return with the Internal Revenue Service (IRS) is April 15th each year. However, the IRS allows taxpayers to file an application for an automatic tax filing extension and grants a tax filing extension if you are considered out of the country. The...

How to Borrow Against Income Taxes

More and more people are looking for ways to borrow against their income taxes before the government issues their refund. There a few steps to take when completing the process. You must proceed with caution, however, as a loan against your income taxes involves a finance charge and interest, which r

Are You Getting a Tax Refund?

In case you are unsure if you are due a tax refund, then you definitely should check. There are agencies who can assist with filing for refunds, which means you don't need to worry about it. Just check the records for the tax filing you did for this year and tally it with the report with the IR

Does the IRS Notify You About a Levy on Wages?

If you owe federal taxes and fail to take measures to settle your account, the IRS may resort to a wage levy to recover the unpaid debt. A levy wage is a legal order for your employer to withhold a certain portion of your pay to satisfy the debt. The IRS doesn't need a court order to issue a levy, b