Here’s what happened on Tax Relief Center
1. How To Calculate Your Estimated Tax Penalty
If you are an independent contractor, it’s always best to be prepared and know how to calculate your estimated tax penalty. You may opt to overpay, but that won’t be necessary if you have an estimated tax payment amount. After all, the money you’ll be paying for fines may be better used for something else like an investment. Learn more about how to calculate an estimated tax penalty so you can avoid it in the future… Click to read more
2. Tax Deductions 2017 | A Complete Guide
Tax deductions 2017 have significant changes for the Internal Revenue Service and its implementation of adjustments. It’s good news for everyone as these revisions actually benefit the taxpayers. Here’s a guide for tax rates on specific deductions come tax season… Click to read more
3. Can I Claim The Home Office Tax Deduction For My Business?
Running your own business can be expensive, but doing it from your home is convenient and can save you money. Finding tax deductions that lower your tax bill each year, like the home office tax deduction, is always helpful. If you qualify for the work from home tax deduction, you may cut your costs to run your business and pay for your home… Click to read more
4. What Are Tax Deductions | Everything You Need To Know
If you’re new to the corporate world, the first question that comes to mind is, “What are tax deductions and how can I qualify for it?” Before we get to that, paying taxes is a tradition every American must fulfill. In doing so, you uphold your duty to the United States government and hopefully, save some money too. For the latter part, here’s how you can do just that… Click to read more
5. IRS Tax Forms | Things You Need to Prepare Before Filing
Filing the right IRS tax forms and providing a proof of eligibility to claim tax deductions or credits can legally reduce your financial obligations to Uncle Sam. Generally, you need certain information and documentation when filing your tax return to the IRS. Knowing what the necessary documents are, can ease the exhausting task of collecting them all and increase the chance of saving you money from all the deductions or credits you might qualify for. To speed up the preparation time, these items below will come in handy when filing your returns! Click to read more
What have you learned about taxes this week? Let us know in the comments below.