What is the tax cuts and jobs act?
The Tax Cuts and Jobs Act was passed and signed into law on December 2017 has made markable changes to …Read More
What is IRS Form 1041?
Form 1041 is the U.S income tax return form which particularly for estates and living trusts. To get this form, …Read More
Do I have to pay taxes for pension?
Most pension plans meet the requirements of Internal Revenue Code 401(a) and Employee Retirement Income Security Act of 1974, which …Read More
How much do you know about tax relief?
In the United States, tax relief mainly refers to a government program or policy initiative that is created to lower …Read More
What is withholding tax?
Withholding tax is one of the payroll tax of the United States. It was established by President Lincoln in 1862 …Read More
E-File: Save your time and effort!
Tax authority such as IRS pre-approved certain tax preparation software so that taxpayers can submit their tax returns through them, …Read More
Is social security taxes refundable?
Usually, you will not be able to get a refund of Social Security tax when filing the return. However, if …Read More
What is value-added tax?
Value-added tax (VAT) is widely used in more than 160 countries around the world and it is most commonly found …Read More
Wait, a gift will also be taxed?
A gift tax is a federal tax which is applied when someone give another person a gift (such as money, …Read More
How to e-file your tax?
Most Americans nowadays tend to file their taxes online because of the convenience. Although there are various tools available to …Read More