Income Tax
Sort by:
- Who is Considered Married for U.S. Federal Income Tax Purposes?If you are considered married for federal income tax purposes you can file jointly and will generally pay less tax. The IRS has specific criteria to determine whether you are considered married, based on your particular circumstances.
- Illinois House Republicans Propose Cutting Corporate Income TaxIllinois House Republicans are proposing to cut back corporate income tax by more and at a quicker pace than proposed by Democrats and passed in January. The goal is to keep businesses in the state.
- States with No Income TaxThere are currently nine states which do not require residents to pay income tax, according to the Kiplinger website. States without income tax include Texas, Florida, Alaska, Nevada, Washington, Wyoming, South Dakota, Tennessee and New Hampshire.
- U.S. States with No Income TaxHere is the list of US states without income tax
- Are You Required to Pay Federal Income Tax by Law?Is there a law that requires U.S. citizens to pay income tax?
- Who Doesn't Pay Taxes?A close examination of who doesn't pay federal taxes under current tax laws. Case studies of who they may be.
How to Calculate Federal Income Tax for Each Paycheck Manually?Step by step guide on how to use federal tax tables and calculate federal income tax for each paycheck manually. Get more information at www.halfpricesoft.com- "Wholly and Exclusively Incurred: Interpretation and Tax Liability Dichotomy Under the Income Tax Act 1967"The comment by Mr Tan Thai Soon is a good comment on 'Tax Deductions from Gross Income' as per
- Do You Pay State Income Tax Where You Live or Where You Work?You are generally subject to state income tax in your home state on your income from all sources. If you work in another state you may be taxed in that state also, but you can claim a credit. Some states have reciprocal agreements to avoid double taxes.
- Are You Paying Enough Federal Taxes?One pervasive mantra of many pundits and politicians seems to indicate that you are not paying enough taxes to support the US government. This examination reveals whether the Reagan and Bush 43 tax cuts are to blame and if you are just need to suck it up.
A Brief History of Income TaxesFriday marks the 150th anniversary of the law that created the U.S. income tax system. While many Americans won't be celebrating the milestone, the income tax is vitally important running the government. Ever wonder how our income tax system came to be?
Income Tax for Expats Who Retire in ChileFor your first three years in Chile you would only be subject to Chilean income tax on your Chilean source income. And pensions and retirement income from other countries are not considered taxable income in Chile.- When Does Your Business Have to Pay Franchise Tax in Florida?Whether your business has to pay franchise tax in Florida depends on how your business is set up. Sole proprietorships and partnerships are not subject to the tax. The corporate tax rate in Florida is 5.5% of net income after a $5,000 exemption.
- Federal Income Tax on PrizesPrizes are generally subject to federal income tax. If you receive property, the fair market value is taxable. In that case, you would have to come up with the cash from other sources to pay the income tax.
Income Tax on Puts and CallsThe federal income tax on put and call transactions depends on what you do with the option: sell the option itself, exercise the option to buy or sell the underlying stock, or let the option expire.- Federal Income Tax when Your Small Business is a PartnershipA partnership is a pass-through entity for tax purposes. The partnership files an informational return and Schedules K-1 showing each partner's share of income and deductions. Then the partners report their shares on their own tax returns.
- Are Insurance Proceeds Subject to Federal Income Tax?Some insurance proceeds are not subject to federal income tax. Others may not be subject to tax, but could have tax effects on your deductible expenses or on the basis of your property, depending on the type of insurance.
If You Telecommute from Outside New York, Are You Subject to New York State Income Tax?If you telecommute for an employer in New York, you could be subject to New York State income tax even if you live and work in another state, if you work from home for convenience rather than for the necessity of your employer.- Business Income TaxBusiness are taxed differently based on the type of entity chosen.
- The Income Tax is Here to StayIt is easy to sing the virtues of a consumption tax, and almost any economist would recommend a well thought-out consumption tax over an income tax. But it is not going to happen.
- Pros and Cons of Eliminating State Income TaxNine states in America currently do not charge residents taxes on personal income. States without income taxes tend to flouish, attracting business. High sales tax rates are levied in some states without personal income requirements.
Some Causes of Stress. Owing the Government Money. Do You Owe the Canadian Government?This article is about a man who never paid income tax for 50 years and went to court 22 times and won. This article is a must read for every Canadian citizen.- How is the U.S. Government Funded?The U.S. government relies heavily on individual income taxes for almost half of its revenue.
Obama's Support Equals People with No TaxesPresident Obama's plummeting approval rating is coincidentally equal to the percentage of Americans who don't have to pay any federal income tax.- Small Business Estimated Income TaxSmall business owners can use TurboTax to estimate their taxes throughout the year.
- Minors Are Exempt from Local Income Tax in OhioA common error young people make when getting their first job is not understanding the local tax laws. My daughter's experience with her employer can put more money in your child's pocket too.
Income Tax Deadline April 18Tax filing deadline April 18; for taxpayers to file income taxes to the IRS; instead of the dreaded April 15. The change of dates is due to the recognition of Emancipation Day which this year, is celebrated on April 15.
New York Times Gives False Information on General Electric's Zero Income Tax BillGeneral Electric is the U.S.'s largest corporation, but paid no federal income taxes in 2009 or 2010. The New York Times wrote a lengthy article complaining, but made up tax benefits and ignored taxes actually paid by GE.
Will the Oklahoma State Income Tax Be Abolished?Op-Ed about the possible negative effects of Oklahoma abolishing state income tax.- Have You Filed Your 2010 Income Taxes Yet? Deadline for 2010 Return April 15th2011 is a different year for income tax filers, this year income taxes are due on April 18th instead of the 15th
- Do You Have to File Federal Income Taxes?Did you know that there are many people who may not have to pay Federal Income Taxes? Why? They may not have to file because their income is too low.
- SOCIAL SECURITY SECRETS, REDUCE TAXESArticle reviews secrets how to reduce social security taxes and other taxes to save you money legally.
- Free 2010 Income Tax Preparation Help in Columbus GeorgiaThe best places to find qualified tax preparation help in Columbus Georgia and the Chattahoochee Valley.
- Income Tax Workshops in MichiganIncome tax workshops throughout Michigan provide assistance or guidance to everyone who needs it. There are many locations to choose from including MSU's College of Law, The SOURCE in Grand Rapids and an online webinar.
- VITA: Vital Income Tax Help for Low-Income FamiliesMany families do not have the resources to hire someone to professionally prepare their tax returns, or to use a computer-based program to do it themselves. For them, there is a free, volunteer-based nationwide tax preparation program.
- Federal Earned Income Tax Credit Income Program: Are You Getting Your Share?The Earned Income Tax Credit (EITC) is a refundable federal income tax credit for low to moderate income working individuals and families. Do you qualify?
Mississippi State Income Tax Exclusions, Deductions and CreditsIn Mississippi you are generally subject to state income tax on the same income as for federal tax purposes. But some income is excluded, such as retirement income, and there are deductions and credits that could reduce your state tax in Mississippi.- Federal Income Tax was Increased on Retirement IncomesA synopsis of the 2011 Federal Income Tax increase for wages paid during 2011 and how it impacts those retired. This includes personal witness of the shocking difference between January 2011 and February 2011 income listed on retirement benefit paystubs.
- First Person: How to File a Federal Income Tax Return for FreeFile your federal income taxes for free.
Improving the Tax Code: An Alternative to the FairTaxCurrently, Congress caps the amount of tax-protected savings a worker can have. This penalizes savings and should be ended. However, there is a better alternative than a national sales tax, or the FairTax.
