Federal Income Tax
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- How Does a Single Member LLC File a Federal Income Tax Return?For federal income tax purposes, a single member LLC can elect to be treated as a corporation. Otherwise it will be treated as a disregarded entity, meaning that it would file federal income taxes as a sole proprietorship.
- 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.
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- 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.
- Federal Income Tax Online: Prepare and File Your Taxes at Ease!Most income taxpayers prefer doing taxes with minimal efforts not because they are lazy. One can complete the task with a great pace and the same applies with preparing and filing federal income tax return.
- Are Disability Benefits Subject to Federal Income Tax?Disability payments you receive from a plan paid for by your employer are generally taxable. But certain other types of disability income may be excludible. And you may be able to exclude dependent care benefits you receive from your employer.
- 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.
Are Federal Income Taxes Legal?The ultimate conclusion of the anti-tax movement based on these assessments is that the federal government is collecting an illegal tax and that, by threatening imprisonment and property seizure for non-payment, they are engaging in tyranny.- 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.
- Grandparents Benefit from Claiming Grandchildren on Federal Income TaxFor many elderly adults, the benefit of claiming dependent grandchildren provides for a way to support grandchildren when their own parents are displaced or estranged.
- Tax Time is Coming - Federal Income Tax Breaks Are Available for Certain OccupationsFor certain occupations Uncle Sam is allowing special tax breaks. Under the Internal Revenue Service (IRS) tax code, certain occupations are treated more favorably than others.
- Countering Myths About the Bush Tax CutsBush's tax cuts were not for the wealthy, and instead actually shifted more of the federal income tax burden to the nation's top wage earners.
- Who Wants a New Federal Income Tax System?What is it that we need to do to get the Federal Income Tax changed for good?!
What to Do with an Overpayment on Your Federal Income Tax ReturnWhen you have an overpayment when you file your federal income tax return you can request a refund. The refund can be a check, direct deposit, to more than one account if you like, or you can apply all or part of the overpayment toward your estimated taxes for next year.- LLCs and the Federal Income TaxFor U.S. federal income tax purposes, a Limited Liability Company (LLC) could be treated as a sole proprietorship, a partnership, or a corporation, depending on the number of members and the election that is made
Federal Income Tax Online FilingTaking advantage of federal income tax online filing should be on everyone's list during tax time. Tax time activities can be a headache, lead to stress, a mountain of paperwork, and will usually put a nice little dent in your wallet.- Can You Claim Your College Student as a Dependent for Federal Income Tax Purposes?An exemption can be claimed for a full-time student under age 24, provided more than half the student's support is provided by the person claiming the dependent and the other tests for claiming a dependent are met.
Pros and Cons of Filing Your Federal Income Taxes ElectronicallyE-filing differs from traditional filing by mail in numerous respects. Some are pros, some are cons, but many could count as either depending on the taxpayer and their situation.
Questions to Ask when Choosing a Payroll ServiceHiring a payroll service to manage payroll can take the stress out of meeting payroll deadlines. Before interviewing payroll service providers, prepare a list of questions to ask that may include some listed in this article.- How to Obtain Forms for Your Federal Income Tax ReturnAlthough e-file is a popular option with many taxpayers, and many are more comfortable paying a tax preparer to complete their returns, obtaining federal tax forms can be quick and easy for those taking the DIY route.
- 5 Steps to Filing Your Federal Income Taxes Online for FreeThis article outlines what is needed to successfully efile your federal taxes for free.
- Payroll ProcessingWhen a small business owner decides to handle payroll on their own, attention is drawn away from activities that could generate revenue or otherwise help the business.
- Prepare to File a Federal Income Tax ReturnBefore you file your federal income tax return make sure you have all of the correct forms. If you are a independent contractor you will probably have a 1099 form. If you are an employee of a business then you will receive a W2 form.
- Make Money with Your MoneyAn article written about earning free money based on a reinvesting idea.