Before you get too excited about claiming yourself as an exemption, though, you need to make sure you are truly eligible to do so.
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Tax season will be here again before you know it. As you consider what’s next for your home business taxes, think about whether or not you have an employer identification number (EIN).
Whether you qualify for the new 3.8% Medicare Surtax will depend on your net investment income and your modified adjusted gross income.
Few us enjoy paying taxes, but it’s one of those things we’re required to do by law. And, since paying taxes is a matter of the law, there is the possibility of going to jail if you don’t pay your taxes.
Any discussion about how to improve the government’s budget situation has to include taxes. These tax discussions also have to encompass various tax breaks -- and who should have them.
Every now and then, a shift in financial strategy or an unexpected event leads to a debt to the IRS. Here are three approaches worth considering for paying back the debt.