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There have been many identity thieves and hackers in the current past years. While some are caught and punished, some are still unidentifiable. The tax payers should stay vigilant this year since the IRS is also keeping a close watch on all citizens for the very purpose. However, this year the IRS recently stopped an [...]
Since it is February 2016 and April 2016 is not very far away, you should be receiving various tax forms by now. If you have not received any tax forms yet, don't feel worried as you should expect the delivery any day. Most people tend to panic because of the delay of these forms. If [...]
The Internal Revenue Service (IRS) announces variations in tax rates, standard deductions and the filing of tax forms deadline dates every year. In 2015, the date of tax return filing was 20th January where as this year it opened on 19th of January. All taxpayers were concerned whether they would be able to file [...]
Income Taxes are one of the main sources of government revenue, making 27% of state tax collections. Individuals who are earning income are liable to responsibly file their own income tax forms. While taxpayers have to pay many kinds of taxes, the income tax seems a burden to them. Individuals in forty three states in [...]
Many students prefer studying abroad, USA being the first preference. All International students are liable to pay taxes in way or the other. If you are a new transfer to any state of USA and face difficulty regarding taxes, Tax Help MD can guide you on the right path by offering you the right tax [...]
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 [...]
