Category: Taxes

Taxes

Simplifying Form 3800: Leveraging General Business Credits for Growth

Dive into our comprehensive guide on Form 3800: General Business Credit. Learn how this essential business tax form can benefit your company and simplify your tax filings

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Taxes

Form 8936: Maximizing Your Tax Credit for Plug-In Electric Vehicles

What Form 8936 is and how it helps individuals and businesses receive tax credits for plug-in electric and clean energy vehicles. Learn about eligibility, filling out the form, and maximizing your benefits

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Taxes

Real Estate and Form 1099-A: Key Considerations for Property Owners

This article details the tax implications and reporting requirements of Form 1099-A in real estate transactions, particularly in cases of foreclosure and property abandonment.

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Taxes

Understanding IRS Publication 550: Purpose and Function Explained

Optimize investment income tax reporting with IRS Pub 550: Understand interest, dividends, and capital gains to ensure compliance and reduce liabilities.

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Taxes

How to use a Credit Card to Pay Taxes?

Tax time comes around every year, and for many, it is a dreaded time of year. Due to the fact that most people must pay taxes and that nobody enjoys parting with dollars. Let's examine in-depth the instances in which you can pay your taxes and make money in this blog post. So if you're looking for a way to maximize your rewards and save money, this post is for you.

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Taxes

Withdrawing Money from a Traditional IRA

What happens if i withdraw money from my IRA early? Any money taken out of an Individual Retirement Account (IRA) before the account holder reaches the age of 59 and a half must be reported as part of their gross income and will be subject to an extra tax penalty of 10%. Several exceptions exist to the 10 percent penalty, such as utilizing IRA assets to cover your medical insurance premium following a job loss.

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Taxes

Everything About: What Is After-Tax Income?

Your remaining take-home pay after subtracting federal, state, and withholding taxes is your disposable income. Businesses and, to a lesser extent, individuals make economic decisions to maximize after-tax earnings.

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Taxes

4 Ways the IRS Can Seize Your Tax Refund

Your refund could be seized by the IRS if you owe unpaid taxes to the federal and state governments. If you owe back child support or student loan debt, the IRS has the right to seize your refund. Contact the IRS if you believe there has been an error.

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