People who own bars, restaurants, and other businesses that employ tipped staff must make sure that they pay enough money into Social Security and Medicare. The amount that they pay is based off the amount of money in tips that their employees earn.
Read More >
Having an IRS tax lien on your credit record can be devastating. Because it can stay on your record up to seven years after you pay off or settle the amount, you may have a difficult time getting financed for loans, credit cards, and other financing.
The IRS requires that you file your taxes by midnight on April 15. Even with this deadline set in stone, you may still be unable to get your taxes filed in time.
Identity thieves prey on unsuspecting victims throughout the entire year. However, as tax season approaches, these criminals ramp up their efforts to steal your identity and your money.
While you should always remain on guard against this threat, you should heighten your awareness and be ready to act during tax season. You can keep your identity, your money, and your future secure by understanding why and how these thieves operate, as well as what you can do to stop them.
Scammers and identity thieves are always on the lookout for easy targets. However, they are at their busiest during tax season. During this hectic time of year, these criminals launch realistic scams that aim to steal money and identities from unknowing individuals.
Read More >
When couples divorce or separate, they must face the question of child support if they have minor children together. After the court has issued the order for this support to be paid, both parties then may wonder how this money will affect their income and their tax returns.
Read More >
The rule of thumb generally demands that people who earn some sort of income must file taxes each year. However, if you plan on filing taxes for the first time this year, you may be uncertain of how the tax filing process actually works. Before you begin your returns, you would do well to understand some basic details that could work in your favor. These tips can financially and legally protect you during tax time this year.
A growing number of people provide care and assistance for their relatives This support can include paying for a loved one's medical expenses, transportation to and from the doctor's office, covering the costs of prescriptions, or even remodeling this person's home to make it safer and more accessible.
Paying taxes each year is an obligation that many Americans accept as a regular part of life. As the New Year starts, they begin to file their returns and pay what they owe to the government. This obligation also extends to Americans who work and live overseas. They can avoid falling behind on their taxes and being fined or jailed for tax evasion by understanding how and when to file returns while living abroad.
