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Taxes : Business & Finance

Form 1040 Explained

Every year you must file your income tax by April 15th and most folks use the Form 1040 because it is simple to do and takes just a short amount of time to file. Since ...

Tax Advice On Giving Gifts

Understanding the impact of gift giving throughout the year can help you to avoid costly mistakes when it's time to do your taxes.

How to Skip a Line in MATLAB

MATLAB is a powerful mathematical computer language and development environment. When working in MATLAB, a carriage return (or new line) is interpreted as the end of the current line of code. Thus, when a programmer moves to a new line of code or skips a line, the program interprets each individual

Tax Havens - Is It Worth Looking at a Tax Haven

What are tax havens? To put it in simple words, a tax haven is a country where taxes are nonexistent or are very low. To describe a tax haven in a more complex manner, it is said that it is a place where there is no relevant taxes that are levied.

Is SSI Considered Income?

Supplemental Security Income is a benefit paid by the Social Security Office to help the recipient live life at a level deemed sufficient to exist by Congress. SSI is not a replacement for earned income. Rather, it is a supplement to the recipient's income.

Is My Car Donation Made in Baltimore Tax-Deductible?

Many charities in the Baltimore, Maryland, area accept vehicle donations such as cars, trucks, boats and motorcycles. Charities such as the Baltimore Animal Rescue and Care Center, Goodwill and the National Kidney Foundation of Maryland sell donated vehicles and use the proceeds to support their org

Tax Advice For Families With Children

Need plain advise on managing your taxes as a family? Here are some valuable tips. Try to follow them and you be comfortable with your tax matters.

Can a Friend Who You Support Be a Tax Deduction?

Not claiming a person on your return who you are eligible to claim is akin to just leaving money on the table. If you're not going to take advantage of the deductions available to you, then you may as well just send the IRS a personal check. This is partly because deductions for exemptions result i

Any Benefits to Having a W-2 & 1099 if You're Married & Filing Jointly?

If you're married and file jointly, you may be paying more tax than you would if you and your spouse were single. This is known as the marriage penalty, and its effects depend on how much you and your spouse each make and your tax bracket. If you both file W-2s, there's not much you can do except ma

How Do You Spell Tax Relief? OIC, That's How

"What's that", you say? OIC stands for Offer in Compromise, and if you find yourself within the unenviable position of owing the Internal Revenue Service for back taxes that are still due and payable, then ...

What Are Medical Billing Salaries in New Jersey?

Typing away so Garden State insurers, doctors and health care organizations can track patients, medical billers use a complicated set of computerized codes to process information. Medical billers, who have no hands-on patient care, work by assigning codes to each diagnosis and procedure, then run th

Tax Relief - Looking At Alternate Solutions

Sometimes we simply cannot avoid the consequences of ignorance or procrastination when it comes to our taxes. Many people who find themselves in this predicament may not get the full benefits of tax relief to which they would otherwise be entitled. However, there are ways of managing the situation s

The Key Benefits of Health Savings Accounts

Contributions to health savings accounts are tax deductible. And did you know that HSA contributions can be double tax-free: not only are contributions tax-deductible going into the HSA, and distributions can be tax-free coming out the HSA. For 2015, individuals can contribute up to $3,350 to a heal

How to File Taxes with a 1099C

When you prepare your own income taxes, it is important to understand the purpose of each tax form and how to claim the information on your taxes. Form 1099-C is used by a creditor to report irrecoverable debt. When a creditor writes off debt or reaches a settlement agreement with a debtor, the cred

All About Tax Return Lodging

Do all individuals need to apply for assessment return?" Many are not aware of if they are qualified for return filing or not. This is a query shared by large number of people. Almost all ...

Tax Preparation Las Vegas, Nv Accountants

How correct tax preparation in Las Vegas can save you money. Building a relationship with your accountants. How your CPA can help you reach your goals.

Estate Taxes & Tax-Free Gifts

Prior to dying, a taxpayer with a large estate often begins gifting away portions to his heirs. The Internal Revenue Service imposes annual limitations on tax-free gift amounts. A taxpayer or the estate administrator files tax returns for gifts and the estate whenever a transfer falling under either