Category : Taxes : Business & Finance

Essential Documents for Your Tax Report

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Some people just ignore preparing for their IRS during the year, until the deadline is so near, that is when they start to collect information to process their annual tax obligation. This situation creates a lot of stress to the person, even greater when the person does not have a clear way of going

Tips on Filing Taxes Late

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Most workers in the United States are required to file an income tax return with the Internal Revenue Service by April 15th of the year following a given tax year. Failure to file a tax return by the tax deadline can make the taxpayer subject to a late filing penalty, and the IRS might charge inter

Reasons to Set Up an Inheritance Trust

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Setting up an inheritance trust is a common estate planning tool that can provide both you and your beneficiaries with some benefits. When setting up this type of trust, you can choose between a revocable or an irrevocable trust. Both of these trusts can come with some estate planning advantages.

How to Pay IRS Back Taxes

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If you owe IRS back taxes, it's important not to ignore the situation. If you do, you may have your bank accounts frozen and money taken from your accounts. The IRS could seize your property and attach your wages and even your Social Security benefits. Though having IRS debt is stressful, there are

How the Tax Code Works

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Taxation is a principle that runs back thousands of years. Taxation has been in use as a way of financing kingdom, communities, and government as far back as history itself. However, the current U.S. tax code as we know it was introduced in 1913.

Who Needs to File Taxes & When?

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Every April, millions of Americans line up at the post office or prepare to hit "Enter" on their computer keyboard in order to get their taxes to the IRS before the filing deadline. Some people look forward to tax time because they get a refund, while others dread it because they owe money, but most

How to Get Copies of Lost W-2 Forms

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When you work for an outside employer, that employer is responsible for reporting your wages to the Internal Revenue Service and to you. The form used to report those wages is the W-2, and you will need a W-2 form for each employer you worked for in order to file your taxes accurately. If you are mi