Employers often ask employees to designate the amount of tax withholdings for paychecks. Occasionally, employees will fail to withhold a sufficient amount in the eyes of the IRS. The IRS will then send a lock-in letter on the amount to be withheld. Whats an employer to do?
More Things to Consider When Selling Your Home
Making the decision to sell is a serious one. To make the best decision, you need to give some thought to a number of issues. Here are a few you should consider.
Home Appreciation and Capital Gains
The last seven years has seen tremendous appreciation in home prices. This brings up the issue of home capital gains tax issues for people when they sell.
The IRS Owes You Money If You Have Paid Long Distance Phone Taxes
The IRS has decided to give up the fight on an ongoing legal issue regarding taxes it has collected on long distance telephone services. Here is the scoop.
Convert To Roth IRA Regardless of Income 2010
An odd quirk in the recent legislation to extend the Bush Tax Cuts is giving IRA holders a huge break. For one year, and one year only, the income cap will be gone.
IRS Crushes Credit Counseling Groups Claiming Non-Profit Status
Many credit counseling groups claim they are in it just to help you and not make a profit as indicated by their charitable organization status. The IRS is not happy.
Down Payment Scams The IRS is Hunting
Coming up with the down payment for a home purchase can be a big hurdle. If you are straining to get the money together, be careful because the IRS is targeting down payment scams.
IRS Welcomes Hillary’s IGS
Hillary talks in glowing terms of health insurance for everyone. The catch
What is a CA Debt Consolidation Loan & What can it do for you?
CA debt consolidation is no different from any other state’s consolidation firms, only that the laws may change slightly. Many of the debt consolidation loans offered in CA are lent to families and individuals to help them payoff their debts. If the money is used for any other purpose, the debtor may face penalties. Many firms–instead of giving the debtor cash–will manage the loan them self, using it to payoff the debts owed.
You’re Roth IRA Withdrawal
The Roth IRA was born on January 1, 1998 as a result of the Taxpayer Relief Act of 1997. It’s named after former Senator William V. Roth, Jr. The Roth IRA provides no deduction for contributions, but instead provides a benefit that isn’t available for any other form of retirement savings: if you meet certain requirements, all earnings are tax free when you or your beneficiary withdraws them. Other benefits include avoiding the early distribution penalty on certain Roth IRA wi…
IRS Auditing
An IRS audit can be daunting for any business, regardless of size. But what can you do to make the process as straigthforward as possible?
Got Wealth?
The last ten years has seen massive wealth growth in the United States. This brings up the issue of wealth planning, particularly from a tax perspective.