Here’s what happened on Tax Relief Center
What are the gift tax limits this 2017? A lot of citizens may feel too generous to give expensive gifts to their loved ones, but unknown to many, the federal government is charging taxes on these high-value gifts, and so, it is important to know certain limits to avoid having to pay this additional tax. Here are things you need to know about the gift tax limits… Click to read more
Are tax preparation fees deductible? This question is common among self-employed people who seek and pay for professional help in having their tax dues computed. Fortunately, the answer is “yes,” according to the Internal Revenue Services (IRS). So how can a self-employed taxpayer apply for this deduction in settling his payables to the federal government? Here’s a brief information about tax preparation fees deduction… Click to read more
The Internal Revenue Service (IRS) requires different US tax forms for various tax-related transactions with the federal government. There’s a lot of US tax forms available, and it is probably difficult for a taxpayer to figure out those that are highly relevant and necessary for him or her. Below are just some of the IRS tax forms taxpayers accomplish and submit the most… Click to read more
Those who are fond of giving expensive presents (such as real estates and vehicles) should note that there are Internal Revenue Service (IRS) rules on gifts. Basically, the IRS requires citizens to file a tax return on high-value gifts and to pay a certain amount of taxes for them. And just like any other taxation rule, the IRS rules on gifts have certain coverages and limitations taxpayers must observe. Here is information about rules on gift tax everyone has to know… Click to read more
With the Holiday spirit in the air, it may sound absurd to think about tax tips. However, if you consider tax season tips, it will give you certain advantages in the coming year when it is time to file your taxes. You can avail of depreciation costs, defer your income, accelerate tax deductions, bigger sales tax deductions, lower contribution limit for IRA plans, reimbursement of your costs for dependent care services are just a few benefits you can avail by following these tips. This is what you can find out… Click to read more
What have you learned about taxes this week? Let us know in the comments below.