Taxes

Real estate taxes upon foreclosure have some very specific meanings for the borrower. Learn about the borrower's responsibility for real estate taxes upon foreclosure with help from a licensed realtor…

A tax refund can be held up by a number of different things. Find out what can hold up a tax refund with help from an attorney in this free video clip.

An "assisted refund" in tax terminology is defined in a very specific way. Learn what an "assisted refund" means in a tax refund with help from a practiced attorney in this free video clip.

If you've just gotten married one of the first things you'll need to do is get your taxes in order. Learn about tax information for newlyweds with help from an attorney in this free video clip.

Real estate investors have significant tax advantages when preparing their tax returns. These generally result from the upgrades or repairs they do on their rental properties each year. In some cases,…

Though taxes can be complicated, you shouldn't let them leave you feeling overwhelmed. Learn about taxes on SS retirement money with help from the manager at an independent investment advisory firm in…

You can't control audition conditions, so you have to learn to control your voice. Clear vocals can make you a standout. You must make a plan so that you can sing your best and know that the judges…

To promote energy-efficient renovations of existing houses, Congress passed laws starting in 2006 offering tax credits for certain approved renovations, including energy-efficient windows. Because…

Whether you are dancing, singing, acting or playing an instrument, auditions are a necessary but nerve-wracking ordeal. Old adages like "Picture the judges in their underwear" or…

If you are paid a delinquent property tax in Mississippi, you are responsible for ensuring the county is paid past due money immediately. If property taxes go unpaid, a tax lien could be issued on…

A lien is a claim by a lender on a debtor’s property as a means to satisfy a debt. The debtor can recover the money he is owed if and when the debtor sells his property by taking what is owed…

When the U.S. Constitution was being drafted in 1787, the northern and southern states disagreed over how the slave population should be counted for the purposes of representation in Congress and tax…

Non-profits are organizations designed to serve a charitable purpose, and as a result are not generally focused on activities that produce revenue. Nonetheless, to serve their organizational mission,…

Both 1099-MISC and W-9 forms are commonly used to report taxable transactions between companies and the contractors they hire. A company that uses multiple contractors usually sends out W-9 forms at…

New York state residents need not fear double taxation when they live and work abroad. For people who maintain a home base in New York, the state has residency rules that determine their tax…

For federal income tax purposes, the IRS treats trusts as taxpayers that are separate and distinct from its beneficiaries and grantors. The general framework of the tax rules requires trustees to file…

A 529 is a state-sponsored college savings plan that offers both state and federal tax-saving benefits. The federal tax impact of cashing in your 529 account depends on how your investments inside…

Accurately calculating the exemption allowance for California income taxes requires using the worksheets that accompany the Employee's Withholding Allowance Certificate, Form DE 4. The worksheets help…

Michigan residents are eligible to receive property-tax deferments on their special-tax assessments. The state-tax deferment program is available to senior citizens age 65 and older with limited…

Courts have a wide array of tools for recovering debts, but a court’s abilities may vary somewhat from state-to-state. Though courts cannot typically seize federal tax refunds, certain courts…

Not only does home insulation help with climate control, but it also helps with home energy heating and cooling expenses. The federal government recognizes that energy-efficient home insulation is…

Purchasing energy-efficient products for your home can provide you with a percentage tax credit on your federal return. A tax credit allows you to directly reduce your tax liability and increase your…

Federal law affords taxpayers the ability to deduct real estate taxes from federal income taxes. In order for a tax to be deductible for federal income tax purposes, the tax must be a state, local or…

A W-9 form is an information form that is sent by businesses to individuals or entities that perform work or services for the business. The purpose of the form is to gather information regarding the…

A 401(k) account can come in many varieties and impose multiple restrictions on the employers that offer them and the employees that use them. However, their primary benefit is that they make it…

Comprehensive paycheck stubs provide employees with a detailed picture of how much tax is being withheld by their employer at each pay period. Withholding is based on information an employee provides…

California welfare programs are administered at the county level through individual social service agencies. Programs for low-income individuals include food stipends, access to medical care and…

Some types of private educational expenses can be deducted, at least in part, from state and/or federal income taxes. The taxpayer must meet certain criteria to be eligible for the deduction.…

If you owed property taxes in North Carolina, but moved to Ohio, your wages can be garnished until your tax debt is paid in full. In fact, creditors often successfully garnish the wages of…

If you plan to cash in on energy-efficiency tax credits for the installation of a green energy barrier, now is the time to act. Green energy barrier is a reflective foil insulation designed for attic…

If you own the home you live in, many states will allow you to claim a homestead exemption on property taxes. Once you file the exemption -- also known as a homeowner exemption -- you can deduct some…

The Internal Revenue Service permits taxpayers to claim a tax deduction for the depreciation of property that helps them to generate income. The deduction is a partial recovery of the cost of the…

One of the most important tasks you have, when you own your own business, is paying your employees correctly. Internal Revenue Service payroll tax regulations can be confusing, but It is important…

Depending on where you live, marriage can mean more than just sharing last names. Marriage can also mean taking on your spouse's financial burdens. If you have a federal income tax refund coming, you…

If you're a taxpayer with a complicated federal tax return, your tax preparation will invariably unearth a massive amount of receipts, worksheets, schedules and instructions you'll need to complete…

Public corporations often offer stock options as an incentive to employees. The option lets employees purchase company stock at some point during the option period, which might be up to 10 years. When…

The only way to calculate a refund on your income tax return is if you pay income tax during the year or are eligible to claim a refundable tax credit. There are many strategies you can implement that…

Transfer agents monitor and track ownership of stocks and bonds. Transfer agents issue new certificates or replace lost certificates, pay dividends or interest, track ownership of "book…

Buying and selling real estate can lead to sizable capital gains when properties appreciate significantly. If you are selling a second house to buy a new one, this qualifies as a tax-free exchange…

Deferred tax assets, along with deferred tax liabilities, are accounting concepts under both U.S. generally accepted accounting principles, or GAAP, and international financial reporting standards, or…

If you live in Georgia and are required to file a federal income tax return, you must also file a Georgia state income tax return. The Georgia tax return is due on the same day as your federal income…

Parents who live apart because of divorce, legal separation or any other reason, and who file separate tax returns, cannot both claim the same child on their tax returns, nor can they both get the tax…

What's your preference: a big refund check when you file your taxes, or more take-home pay each payday? The correct amount of federal and state tax withholding can help you fine-tune your tax planning…

Paying taxes in order to acquire property is one aspect of a legal concept known as "adverse possession." Adverse possession may allow a non-owner to acquire property by taking certain…

Although works of art often represent sound investments, for tax purposes they are treated as collectibles when sold. Selling art one year or less after purchase is reported as a short-term capital…

The Ohio Department of Taxation considers bonus pay from private sector sources as taxable income. The amount of tax you must pay depends on the tax rate for your income level. The state of Ohio bases…

Quitclaim deeds are generally used to transfer property ownership between spouses or family members. They are not typically used when there is an actual sale. Many states impose a tax on property…

Owning rental property is a type of business venture. Landlords depend on tax deductions on the rental property to help reduce their tax liability and to maximize profits. The best way to keep tax…

The tax benefits of real estate losses depend on the type of losses incurred. There are two types of real estate tax losses. One type is the loss incurred from the operation of a rental property. This…

If you take your car in for repairs in Ohio, expect to be charged sales tax on the mechanic's labor. At the time of publication, the Ohio sales and use tax rate is 5.5 percent. While consumers expect…