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Business owners are facing taxation complexities as April is approaching quickly. Small Business owners already have their plates full. While they struggle hard to survive in the market, deal with employee related issues, produce high quality products and manage production costs, they often focus less on their business taxes. Here are some important aspects regarding [...]
It’s often stated that it takes a whole household to raise a kid. If you are doing it on your own as a single parent, you deserve single parent tax benefits. If the taxpayer qualifies for the injured spouse program, low-income support or any other issue, taxes can be dealt with an easy, different way. [...]
In order to generate revenue, local government bodies levy a 'Property Tax' to property owners. This tax can be imposed on either real estate or the owner's personal property. Property taxes are different in each state of the United States of America. Each state offers different taxable amounts to home owners based on the property [...]
For 2016, the Internal Revenue Service has announced the annual tax rate adjustments for over 50 tax provisions. These provisions include individual taxpayers, married taxpayers, different estates and trusts across USA. The changes are as follows; • Personal Exemption Tax: An increase of $50 can be seen. The rate rises from $4000 to $4050. • [...]
Taxes are not everyone's expertise. That is why we hire Tax Professionals. While everyone faces different taxation complexities, nonetheless the baseline is common. Here are some frequently asked questions regarding taxes and their easy solutions. 1. Which Documents are important for Taxes? There are two tax forms that each taxpayer is given via mail. W-2 [...]
Currently Non Collectable Status ensures you not to be levied by the IRS or be scrutinized under the threatening letters or tax collection enforcement. You can be subject to this condition under the status 53, only if you are a taxpayer who cannot afford to pay taxes due to exceeding necessary expenditures in relation to [...]
Every year around April we hear vulgar talking about 'Taxes'. Do you wonder what taxes are? Why do we need to pay them? What does the government do with our taxes? All questions will be answered in detail to help you understand finances from the core with Free Consultation offered by Tax Help MD. Innocent [...]
Tax-related trouble has always been on the rise in the first quarter of the year. Today, with an ever changing economy, the IRS is exercising more control over taxpayers and monitoring the steadily growing tax-thieves vigilantly. As the technology advances, so do the possibilities of tax-scams and identity thefts. For this growing concern, various Tax-Relief [...]
As employers, you are liable to collect income taxes from your employees and providing them to the IRS. In case you fail to do so, the IRS will consider the unremitted pay-roll taxes as theft. Do's -Be the Responsible Person Who is responsible? All employers or heads of a company are acting as a tax [...]
The IRS announces the good news regarding the unchanged interest rates in the beginning of the year 2016. Since the interest rates are established on quarterly basis under the Internal Revenue Code, Tax Help MD provides accurate solutions to all tax payers who face tax problems ranging from tax returns, audit representations, IRS payment plans, [...]
