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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. [...]
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 [...]
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, [...]
