Updated Articles and Resources
- Tax Rates - Marginal Tax Brackets and Ordinary Income Tax RatesCreated: 2009-10-27 @ 01:37:13 EDT Updated: 2009-10-27 @ 19:50:24 EDT
Overview of tax brackets and marginal tax rates for 2010 and previous years, along with projections for 2011… - Adjusting Tax Withholding - How to Figure out How Many Withholding A…Created: 2009-10-05 @ 20:50:25 EDT Updated: 2009-10-05 @ 22:15:34 EDT
Revising your paycheck withholding involves several steps. In this article I walk you through all the steps I take whenever a client ask me to review their current level of withholding. The key is … - Employee Stock Purchase Plans - Planning for Capital Gains Taxes on …Created: 2009-09-20 @ 00:12:03 EDT
Shares of company stock purchased through an Employee Stock Purchase Plan (ESPP) is subject to different tax treatment compared to other investments. Part of the gain is taxable as compensation inc… - Installment Agreements - Types of Installment Agreements for Federal…Created: 2009-08-17 @ 21:02:02 EDT Updated: 2009-08-17 @ 21:15:00 EDT
A monthly payment plan is generally the easiest way to set up an arrangement to pay off any taxes owed to the Internal Revenue Service. There's four different types of installment agreements offere… - American Opportunity Tax Credit - Federal tax credit of up to $2,500…Created: 2009-07-25 @ 16:37:45 EDT Updated: 2009-07-25 @ 16:55:53 EDT
The American Opportunity Tax Credit provides up to $2,500 for people pursuing undergraduate education. Replacing and expanding on former the Hope credit, the American Opportunity credit is schedule… - FBAR - Tax GlossaryCreated: 2009-07-24 @ 15:26:25 EDT
FBAR is the foreign bank account report… - Can Two Taxpayers Share the Same Dependent? - How to Split the Tax B…Created: 2009-07-17 @ 19:50:00 EDT
The way the tax laws are written, only one person can claim a dependent on their tax return. Two parents may be able to both claim tax breaks associated with a child, provided the custodial parent … - Foreign Earned Income Exclusion - IRS Form 2555Updated: 2009-11-03 @ 05:29:29 EST
Americans working abroad can exclude up to $91,500 per year from their US taxable income. Find out about the foreign earned income exclusion (IRS Form 2555), along with helpful tips for preparing a… - Personal Exemptions - Claiming Personal Exemptions for Yourself and …Updated: 2009-11-03 @ 05:16:02 EST
Taxpayers are entitled to claim one personal exemption for themselves and each dependent… - Adoption Tax Credit - How to Claim the Adoption CreditUpdated: 2009-11-03 @ 04:47:35 EST
You qualify for the adoption tax credit if you adopted a child and paid out-of-pocket expenses relating to the adoption. … - Microsoft Office Accounting Professional Software ReviewUpdated: 2009-11-02 @ 19:53:49 EST
Microsoft Office Accounting Professional is a decent accounting software program for small businesses. Featuring tight integration with other Microsoft Office applications, Office Accounting is a g… - Standard Deduction - Claiming the Right Standard Deductions Helps Lo…Updated: 2009-10-27 @ 11:16:48 EDT
Taxpayers can opt to take a standard deduction (a flat dollar amount that reduces taxable income) or itemize their deductions instead. The standard deduction amount varies by a person's filing stat… - US Withholding for Canadian WorkersUpdated: 2009-10-22 @ 20:43:36 EDT
Canadian citizens who have income from US sources should fill out Form W-8BEN to claim a reduce amount of income tax withholding. Find out how to qualify for benefits under the US-Canada Tax Treaty… - IRS Tax Penalties & Interest: Late Filing, Late Payment, and Interes…Updated: 2009-10-20 @ 11:22:27 EDT
If you owe taxes, the IRS will calculate penalties and interest on the amount owed. If you have a refund, the IRS may pay you interest on the delayed refund… - Year End Tax TipsUpdated: 2009-10-13 @ 02:21:42 EDT
Here's a list of simple tax moves you can do before the end of the year to keep your income taxes as low as possible… - Report of Foreign Bank and Financial Accounts (TD F 90-22.1)Updated: 2009-09-17 @ 18:27:34 EDT
You must fill out Treasury Department Form 90-22.1 every year if you own, or have an interest in, any foreign bank accounts. I'll tell you what you need to know in order to fill out TD F 90-22.1 ac… - Estimated Taxes: Figuring How Much to Pay in Estimated TaxUpdated: 2009-09-04 @ 20:05:12 EDT
Paying estimated taxes is one way for individuals to submit payments for their taxes to the federal government. Find out how to calculate how much estimated tax to pay to avoid any IRS penalties… - Must Reads: Essential Articles and Resources about TaxesUpdated: 2009-08-27 @ 15:42:50 EDT
- Education Credits - Hope and Lifetime Learning Tax CreditsUpdated: 2009-08-25 @ 19:12:14 EDT
You can reduce your taxes by claiming a tax credit for education expenses. Learn about the Hope Credit, the Lifetime Learning Credit, and other information for Form 8863… - Offer in Compromise: Settle Your Tax DebtUpdated: 2009-08-24 @ 22:12:22 EDT
You might be eligible to settle your tax debt for less than what you owe through the Offer-in-Compromise (OIC) program from the IRS. The IRS revised their instructions and forms for the offer progr… - Help with Tax Debt: 5 Ways to Reduce Your Tax Debt and Find ReliefUpdated: 2009-08-17 @ 23:37:14 EDT
There are five ways to get out of tax debt. Learn what your options are for reducing and paying off your tax debts, and how to protect yourself when hiring a tax professional… - IRS Payment Plan - How to Request an Installment Agreement to Pay Ta…Updated: 2009-08-17 @ 23:32:35 EDT
Setting up an IRS payment plan is an easy way to pay taxes. Find out how to request an IRS installment agreement quickly and easily…