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Taxes : Business & Finance

Can You Itemize if You File Married Filing Jointly?

Married filing jointly is one option you have when choosing to file your taxes. People who tend to file this way are married couples that both work. When you file jointly you combine your finances to maximize the deductions you can take. It makes sense to do this when your finances are combined and

Pros & Cons of Welfare

The term welfare refers to any type of government-funded assistance to middle- and lower-income citizens to assist with basic day-to-day needs. Although governments that provide extensive welfare benefits may take on the title of a "welfare state," most governments offer some form of welfare to at l

Help for Low-income Pet Owners

As much as you can plan for the worst, there are moments in life when you fall on hard times. Whether you lost your job or you can't work due to injury, you may find that you can't buy pet food or pay for veterinary bills. Fortunately, there are organizations that help low-income pet owners take car

How to Find Out When Taxes Were Last Filed

Individuals are required, for the most part, to file taxes each year. If, for some reason, you have not and have to find the last time you filed taxes, the Internal Revenue System has set up a couple of tools for you to use. By calling the IRS, you can request either a tax return transcript or a tax

Self-Employment Taxes for an LLC Member

Social Security and Medicare are funded via a payroll tax. Employees must contribute a portion of their pay to both systems, and employers withhold this pay from employee paychecks. Employers then forward their own matching contribution. Self-employed individuals, however, including members of LLCs,

How to Determine the Limits on Tax Deductions for Charitable Contributions

The good news about limits on tax deductions for charitable contributions is that there are no limits if your total contributions for the year are 20 percent or less of your adjusted gross income. For example, you would have no limits if you donated $20,000 of your $100,000 adjusted gross income. Th

What Type of Employment Verification Do Lenders Do?

A loan company's greatest concern is whether a potential debtor can pay back the money he wants to borrow. Therefore, most loan companies incorporate three different methods to verify employment.

If I File My Taxes Online, Can I Have My Refund Check Sent in the Mail?

As the Internet becomes more ubiquitous, many taxpayers are choosing to file their taxes online, through the Internal Revenue Service's official site. If you do this, you may nevertheless still want to receive any refund check you're entitled to via the U.S. Postal Service. Not only can you request

Know When To Claim For Uk Taxes Refund

There are so many people who are unaware of the UK taxes refund and never take steps to claim for it. One the other hand, there are people who are very eager to claim to claim the refund even when they know they have very few chances of accessing the same.

Cohabitation & Alimony

In family law circles, "cohabitation" refers to a couple living together in a romantic relationship like a husband and wife would but not actually getting married. In the aftermath of a divorce, the companionship and economic contribution of a live-in significant other can be welcome. If you're rece

Five Common Landing Page Mistakes

Online advertisements, whether they are pop-ups in your Web browser or targeted ads on Facebook, are a great way to draw customers in to look at your webpage. But while getting customers to click on ads is a good thing, what happens when they actually do can be up in the air. A website's landing pag

IRS Payment Plans - Your Many Options

Understand a few types of IRS Installment Agreements available to you and how they are a great fit if you cannot pay the IRS in full. Understand how and why an IRS Installment Agreement or payment plan is a better option than declaring bankruptcy or not paying at all.

Transferee Liability: IRS Can Take Property You Acquire

If the IRS files a tax lien against your property, the lien will actually stay attached to the property when you transfer it to a third party. This makes it possible for the IRS to actually repossess transferred property from whoever you transfer it to. However, if you transfer property after a tax

Tax Rate for Self Employment

Running your own business or working an independent contractor gives you the freedom to be your own boss, but the Internal Revenue Service imposes special tax laws on self-employed workers. Self-employed workers often have high income potential that is only limited by the success of their business,

How to Donate a Car for Tax Purposes

Many charities accept cars as donations so they can resell them and raise money for the sale. Your car donation counts as part of your charitable donations, which cannot exceed 50 percent of your adjusted gross income. If you choose to take a deduction for your car donation, you have to itemize your

Tax Saving Tips For Expatriate Living In United States

Residing and earning in foreign country whether temporary or permanent can be unforgettable and exciting experience. Migrating to another country can be exciting, but it also brings some challenges along with it. And for this we need to have some information and learn a bit of new things about U.S.

How Differing Levels of Income Affect the Alternative Minimum Tax

Two things strongly factor into the formula for the Alternative Minimum Tax (AMT). One is the type of investments you have. Some investments figure more consequentially in the AMT. Therefore, the structure of your portfolio is very important in determining how much or how little the AMT will affect

Courses to Take in Becoming an Anesthesiologist

An anesthesiologist specializes in the anesthetic care of surgical patients and administering medication for pain relief. A qualified physician, he evaluates and treats patients, prescribing appropriate treatments and procedures before and after surgical procedures as well as monitors the patient's

How To Check a State Tax Return

The amount of time it takes your state to process your income tax return depends on how you filed your return. If you filed your return online you will generally receive your refund several weeks earlier than those who sent their returns by mail. Also, if you chose to have your refund deposited dire