College graduates full of hope and promise enter the workforce looking to leave their mark on the world. Unfortunately, some also enter the workforce facing mounds of debt and uncertain job prospects. Understanding available tax credits can help college graduates ease into their career and maintain

The primary source of revenue that funds the operation of the federal government is the income tax, which was authorized by the 16th Amendment to the U.S. Constitution. The Internal Revenue Service is the federal agency that is tasked with collecting individual and corporate income taxes. Individual

Deducting personal expenses like rent may be a taxpayer's dream, but you might be able to do this if you run a business. However, because of the high potential that you are really deducting rent as a personal expense, the IRS has several stringent rules you must follow. Thus, using a tax professiona

I know it is early to discuss this topic. The year just ended, and few people have even received their w-2 forms to begin filing. The reality is most large retailers are already counting on your refund dollars and their budgets are planned expecting that you will spend that money.

There have been stories collected from all over the US, about people like you and me, who have tried to claim just about anything as being deductible or a tax write-off in order to obtain some tax relief. Now the US Government has pretty much got all of its bases covered concerning valid tax write o

Tax compliance is a complex phenomenon shaped by so many factors. It cannot be attained by simply mentioning in law who should file return or not. This articles discusses various factors affecting tax

An IRS levy is a legal seizure of property to satisfy a tax debt. It is attached to a taxpayer's personal property. Stopping an IRS levy can be a difficult task, but these tips will help point you in the right direction if you should face IRS collection.

For the IRS to function effectively as a tax collection and enforcement agency, it must encourage voluntary compliance of tax law. In many ways, implementing a debt forgiveness program is antithetical to the goals advanced by the IRS. However, in order to relieve the burden on taxpayers who can't pa

When you work as an employee, the company you work for is responsible for withholding the appropriate taxes from your paycheck and sending that money to the IRS. But when you work for yourself, the responsibility for taxes, including Social Security taxes, falls squarely on your shoulders.

When you are self-employed, you are responsible for paying your own taxes. People who receive a paycheck have taxes withheld by their employer and paid to the IRS. At the end of the year, they file their taxes and may receive a refund if they paid too much during the year. When you are self-employed

If you elected to receive tax credit instead of interest on a bond you purchased, whether directly or through a hedge fund, then turned around and sold it, it is likely you are going to have to file a

The Internal Revenue Service has anticipated that you may not be able to file your individual income tax return by the April 15 deadline and has developed Form 4868 that you can file to secure an automatic extension. You can e-file Form 4868 if your tax preparation software or your tax preparer can

A payee's status as exempt or nonexempt is governed by the provisions in the federal Fair Labor Standards Act, the primary federal law that governs wages and hours for employees. Some employees are exempt from these provisions, however. These include supervisory employees and salaried skilled profes

While filing your fingernails may seem frivolous, it actually helps prevent ingrown nails and keeps fingernails dull so that you don't scratch yourself or anybody else. Well-filed fingernails also give hands a refined and professional appearance. If you want to start filing your nails in your hand g

Property values are affected by school zoning changes in two ways. First, a change can cause a property's taxable value -- an assessment of its worth relative to comparable properties -- to move up or down. Second, it may have an impact on the local government's tax levy, the total amount it must ra

As a business owner, you can fire your accountant, your Certified Public Accountant (CPA), or any other business advisor at any time, without notice.

Your paycheck taxes aren't magically calculated using a secret formula the Internal Revenue Service (IRS) gave to your company's payroll division. They're directly influenced by the information you provided on your W-4 when you were hired. You may file exempt on your W-4 and avoid payroll taxes, but

A college education can be a gateway to more career options, a higher salary and a better life. But for many students the cost of college tuition makes it impossible to attend even a subsidized public school. Some community colleges offer free tuition programs that give these students, and others wh

One of the new tax laws passed in 2007 included the Mortgage Forgiveness Debt Relief Act, created in response to the high occurrence of mortgage debt and high number of foreclosures in 2007. The act aimed to help individuals who have no choice but to give up their homes and still have to pay taxable

Nursing is the largest of the health care industry professions. There were approximately 2.6 million registered nurses practicing in the United States as of May 2009, according to the U.S. Department of Labor's Bureau of Labor Statistics. There were also 728,670 licensed practical nurses and license