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Income Tax

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Taxes When Most of Your Salary Come...

Restaurant workers rely on tips for a good part of their income. Although it may be difficult for the Internal Revenue Service (IRS) to figure out exactly how.... Read more

1040 Tax Form and Calculator

What is the Alternative Minimum Tax...

The Alternative Minimum Tax (AMT) is a parallel federal income tax system created to ensure that all taxpayers (especially those with more wealth) pay at leas.... Read more

1040 Tax Form and Calculator

New Tax Laws for 2013

At the beginning of 2013, President Obama signed the American Taxpayer Relief Act of 2012, averting the dreaded “fiscal cliff” and making significant changes .... Read more

Income Tax
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Older Adults and Income Tax

Older Adults and Income Tax

Article written 3 months ago by Lawyerscomsm

Usually, people who retire earn less income and therefore owe less income tax. However, individuals with a generous retirement income may still owe significant taxes. If you are required to fil... Read more

New Tax Laws for 2013

New Tax Laws for 2013

Article written 4 months ago by Lawyerscomsm

At the beginning of 2013, President Obama signed the American Taxpayer Relief Act of 2012, averting the dreaded “fiscal cliff” and making significant changes to U.S. tax law. While the top one ... Read more

Nanny Taxes and Taxes for Other Household Workers

Nanny Taxes and Taxes for Other Household Workers

Article written 10 months ago by Lawyerscomsm

Nanny taxes don't apply only to the nanny who cares for your children. The term covers all household help, such as gardeners, housekeepers, and anyone else who works in your home under certain conditi... Read more

The Taxes You Must Pay if You Are Self-Employed

Article written 10 months ago by Lawyerscomsm

Paying taxes is one of the most important obligations involved in running a business. As a small-business owner, you may be responsible for a variety of federal, state, and local taxes, including taxe... Read more

You May Deduct the Payroll Taxes of Your Employees

Article written 10 months ago by Lawyerscomsm

Running a small business involves keeping up with many legal obligations. Deducting payroll taxes from the salaries and wages of employees is one of these obligations. An employer that fails to collec... Read more

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