Those planning to leave the world of employment may have one tax-related question in mind: "what tax forms are needed for independent contractors?" Taxation rules for employed individuals are definitely different from the rules for independent contractors. And for proper compliance, both clients and independent workers need to know the difference. If you're planning to shift to … [Read more...]
How Are Bonuses Taxed?
Receiving a bonus eases the burden of how to make ends meet, or for some, a great way to pad their wallet. For whatever reason, there's still a concern on the question: how are bonuses taxed? Luckily, there is a bonus tax rate calculator for easy computing. But are there categories meant for bonuses in order for them to be taxed the way it is? Well, let's finds out, shall … [Read more...]
Republicans Solve Tax Math Problem by Raising Rates for Everyone
Sacrifice the middle class — this is how Republicans solved their tax math problem. In an attempt to correct their tax bill, the G.O.P.'s new plan turns to increase rates for everyone except corporate America. Their attempt to comply with the Byrd rule only leaves their bill with more loopholes. Find out more about this news from The Vanity Fair below. G.O.P's Tax Math … [Read more...]
Don’t Miss These Posts On Tax Relief Center…
Here's what happened on Tax Relief Center 1. 81 Ways to Save Taxes All Year Round Tax Day may be months away, but it’s never too early to learn how to save taxes. You don’t have to be a tax genius. Even small things like keeping receipts and taking lunch meetings can save you a nice buck or two. So sit back and relax, we’ve got a list of 81 ways to reduce taxes... Click to … [Read more...]
What Tax Forms Do You Need For FAFSA?
“What tax forms do you need for FAFSA?” you may ask. The government crucially looks into a lot of information about all applicants of FAFSA (or the Free Application for Federal Student Aid). And this includes asking for an applicant's (or their parents') tax income details. Because of this, proper compliance with certain tax declaration rules is an assurance of getting admitted … [Read more...]
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