Category : Taxes : Business & Finance

Estate Tax Rules

Taxes
Many wealthy Americans sometimes fear the estate tax and often hire lawyers and accountants to try and avoid paying it when they leave their estate to heirs. Generally, the estate tax only applies when you leave a substantial amount of money and property behind after you die; usually with a value of

IRA Tax Limits

Taxes
An Individual Retirement Arrangements (IRA) provides an easy way for you to augment Social Security and any personal savings you may have for retirement, while also providing tax deductions if you are below certain income limits and if you meet certain age requirements.

Taxes And The 2010 Job Creation Act

Taxes
Implemented the 17th of December in 2010, The 2010 Tax-Relief, Unemployment Benefits Renewal, and Job Creation Act introduced many changes involving employees net compensation and retirees net pension for 2011. Delaying a hefty increase in the withholding of federal income taxes, The Tax Relief Act

Why the Government Taxes?

Taxes
No one likes paying taxes, but tax collection is what enables governments to pay for the collective needs of their citizens. These are the things individuals can't pay for themselves, like roads or police and fire protection. Generally tax revenues allow the government to provide the services that t

How to File a T4 for a Bonus in Canada

Taxes
In Canada, most bonuses awarded by an employer are taxable and must be claimed. However, not all bonuses are treated the same, and some are eligible for an exemption, depending on the type of bonus and its value. Luckily, determining if your bonus is taxable and filing a T4 for it are fairly straigh

What is a Tax Refund?

Taxes
Most people have heard of folks getting tax refunds, otherwise known as a "tax rebate" or "claiming tax back" but what does it mean? A tax refund is a payment made by the HM Revenue & Customs (the new name for the Inland Revenue) to someone who has paid too much tax during a part

Can I Get My W2 Forms From the IRS?

Taxes
A W-2 form serves as proof of income and includes the wage and tax data you need to file your tax return with the Internal Revenue Service and state revenue agency. If you are missing a W-2, you may request the form from your employer or the IRS. The IRS has two formats that you can request W-2 info