Business & Finance: Determining What Estate Taxes Have To Be Paid

Determining What Estate Taxes Have To Be Paid

The taxable estate of a decedent is determined by deducting value of mortgages and other debts from the added current value of every asset which was owned by the decedent and is part of his or her estate. Taxable gifts after 1976 and before 2004, which are not covered by the federal gift tax annual

Business & Finance: How to File Taxes as Head of Household

How to File Taxes as Head of Household

Filing status determines your income tax rate and standard deduction. To file head of household, you must be considered unmarried and have kept up a home for a qualifying person.

Business & Finance: Losses in an IRA

Losses in an IRA

Investment losses inside an individual retirement account could produce a tax deduction, if you're willing to cash out your IRAs. Here's an overview of how IRA losses are handled for tax purposes, and some tips for making of the most of an IRA loss.

Business & Finance: The Average Salary of Layout & Design Artists

The Average Salary of Layout & Design Artists

Layout and design artists work in the graphic arts field producing designs for printed materials such as newspapers, magazines and books. They work in several job categories as print production artists, graphic designers and art directors. A variety of industries employ layout and design artists inc

Business & Finance: Get Deductions on Your Tax Returns for Energy-Efficient Home Improvements

Get Deductions on Your Tax Returns for Energy-Efficient Home Improvements

In 2010 Congress promised substantial tax credits for homeowners who make energy-efficient improvements on their home. While these breaks have been somewhat pared back for 2011, there are still numerous ways in which you can save by ensuring your improvements meet with energy efficiency standards.

Business & Finance: How to Avoid IRS Audits

How to Avoid IRS Audits

Whether you're facing an audit or simply want to avoid one, here are 5 steps to take to deflect attention or get you prepared. Why me? You just got the invitation to a "party" that you hoped you'd never attend - an IRS audit.

Business & Finance: How to Increase My Tax Return

How to Increase My Tax Return

Each year, taxpayers rush to file tax returns to receive their tax refund from the IRS. Although many receive large refunds, some try discovering techniques to increase the amount of their refund. Increasing your tax return requires planning, research and adequate recordkeeping. To increase your tax

Business & Finance: How to File for a Furnace Tax Credit

How to File for a Furnace Tax Credit

The federal government wants to encourage home owners to buy energy-efficient appliances. Through the American Recovery and Reinvestment Act of 2009, the government offers tax credits. This tax saving incentive is available to home owners who buy energy-efficient appliances. Buying a furnace that is

Business & Finance: When Do You Get a 1099 Form for Interest?

When Do You Get a 1099 Form for Interest?

The tax deadline for individuals typically looms every year around April 15. Between New Year's and the tax deadline, we compile tax receipts, statements and forms for the previous year. We rely on informational forms from companies and organizations to calculate our taxable income or revenue. The 1

Business & Finance: Spanish Tax System

Spanish Tax System

It is a legal requirement that you register in the system if you spend more than 183 days every year in Spain. Failure to do so may cost you in the long run.

Business & Finance: Hooray! IRS Debt Tax Relief is Here

Hooray! IRS Debt Tax Relief is Here

You can count your lucky stars because IRS debt tax relief is available. By eliminating or decreasing your tax debt, you will soon be on the road to financial recovery.

Business & Finance: How to Save Your Heirs Money on Property Taxes

How to Save Your Heirs Money on Property Taxes

In California, if you will or sell your house to your children, there is no property tax reassessment as there would be if you were to sell it outright. However, if you have two children and will the house at 50% to one and 50% to the other, and one sibling forces the other to buy them out, this sav

Business & Finance: Tax Records - How Long Should You Hold on to Them?

Tax Records - How Long Should You Hold on to Them?

Doing your taxes is hardly a fun time. Once done, most people treat the process as out of out of sight, out of mind. This is fine so long as you hold on to the records you used to come up with the numbers on your return.

Business & Finance: How To Reduce Taxes: Learning It The Legal Way

How To Reduce Taxes: Learning It The Legal Way

In their pursuit to look for schemes on how to reduce taxes, some income earners end up being charged with tax evasion. The ignorant few think that by keeping a part of their income a ...

Business & Finance: Here’s a Quick AMT Planning Example

Here’s a Quick AMT Planning Example

The most common item affecting folks paying the Alternative Minimum Tax is the deduction for state and local taxes. For regular tax purposes, you are allowed a deduction for state income taxes, city o

Business & Finance: How to File Income Taxes Late

How to File Income Taxes Late

United States taxpayers must file income taxes in a timely fashion, adhering to deadlines imposed by the Internal Revenue Service (IRS). The IRS realizes that sometimes circumstances prevent taxpayers from filing timely tax returns. When taxpayers are unable to file taxes on time, they can instead f

Business & Finance: The Disadvantages of Managing a Rental Property

The Disadvantages of Managing a Rental Property

Managing a rental property is a job that requires a great deal of patience and skill. While anyone can invest in real estate, it takes a special type of person to handle the day-to-day management of a rental property. This type of job also comes with a fair share of disadvantages.

Business & Finance: How to Claim When You Are a Daycare Provider

How to Claim When You Are a Daycare Provider

Daycare providers have various deductions they can claim on their taxes. Many of these deductions may be missed, and should be itemized separately in order to take the full amount of the deductions, unless your standard deduction is much higher than the individual expenses. Commonly missed deduction

Business & Finance: If My Job Did Not Take Out Federal Income Taxes, Does That Mean I Pay?

If My Job Did Not Take Out Federal Income Taxes, Does That Mean I Pay?

When you work as an employee, your employer is responsible for withholding the proper amount of taxes from each paycheck and sending that money to the IRS. If you find that your boss is not withholding federal income taxes, it is your responsibility to contact your employer for an explanation. If yo