A child tax credit can assist you a great deal during tax season, for it can allow you to owe the IRS up to $1,000 dollars for every child that you have. There are ways to increase these benefits so that you maximize the amount legally every year. Although the amount you will be credited depends on

Owning a home can carry many expenses, which can prevent those in lower-income brackets, the elderly and disabled from purchasing one. Expenses include not only the mortgage payment, but also insurance and property taxes.

As a real estate owner, you try to make the most money you can in this troubled economy. Renting out your properties can be a great form of income, but you may not know all the deductions you qualify for to reduce the income taxes for your profits and gains. If you're new to investing, you may

Here is a checklist to help you determine if your new business needs an employer ID number (EIN).

We all hate paying taxes. However, if everybody paid the tax they should be would all have to pay a lot less! This article discusses some of the problems when trying to deal with tax evasion.

Property tax reduction has become a big concern with Americans all over the country. Because taxes are rising across the United States of America despite the steepest drop in home values since the Great Depression.

Get the most out of your refund with special deductions for parents.tax forms image by Chad McDermott from Fotolia.comMany parents, along with everyone else who files taxes, are looking for extra deductions allowing them to get as much money back from the IRS as possible. Parents with one...

As most employers know, employee taxes can be a real headache. Unfortunately, the employee payroll tax problem is a headache that simply must be endured. With a little understanding and careful attention to detail; however the hassle of filing employee tax withholdings can be a little less of a both

Most individual investors may qualify for a special tax treatment on capital gains earned from small business stocks under section 1202 of the IRS code.

When you own real estate, it can impact your tax situation greatly each year when you file your tax return. If you sell a property for a loss or if you generate passive losses from a rental property, you may be eligible for a deduction on your tax return, which will lower your taxable income.

You might receive an $8,000 tax credit -- refundable even if you owe no taxes -- for purchasing your first home even though the First-Time Homebuyer credit expired in 2010. The First-Time Homebuyer credit is not a government program, but a part of Internal Revenue Service tax code, so you do not app

The IRS didn't do so great the last time they distributed stimulus checks, as many people didn't even get theirs due to computing errors. Making another tax rebate looks dubious to some. With the skyrocketing ...

In Pennsylvania, a default divorce can be obtained when one spouse does not sign the divorce forms and ignores all requests for documentation. A spouse can also seek a default divorce when the pther fails to make court appearances. The lack of compliance is a sign to the court that there are no requ

When a citizen receives a notice of intent to levy and they feel as if they do not owe the IRS, there are certain actions they must take. If you receive a notice of intent to levy, be sure you gather all of the information available and then take action so you can prevent the IRS from going any furt

Several government retirement programs, such as Social Security and Railroad Retirement, pay survivor's benefits to the surviving spouse and children of a deceased recipient. Losing a loved one is a difficult situation that can be worsened depending on the financial situation in which you find yours

The Internal Revenue Service differentiates between ordinary and qualified dividends for tax purposes. Recognize the characteristics of both categories to coordinate your investment strategy.

Your home is your family's biggest investment. You want to protect that investment with proper money management. Sometimes, however, bills either slip through the cracks or unforeseen circumstances arise. If a bill goes unpaid, a lien -- or a legal claim on someone's property -- can be placed on you

When paying off your creditors becomes hopeless, and you exhaust all means of settling debt, you may want to consider filing bankruptcy. But if most of your outstanding debt comes from tax debt to federal and state authorities, think twice before going down to the courthouse. Bankruptcy does not alw

If anything about your federal tax return seems out of the ordinary, you will usually hear from the Internal Revenue Service. One of the main functions of the IRS is to ensure that Americans are paying their fair share of tax, both by reporting all of their income and taking only appropriate deducti

Navy nurses, like all other medical professionals in the military, are paid a set salary dependent on rank and time in service, plus a professional differential to make up the difference between Navy and civilian pay rates. Navy nurses deployed to war zones also receive special pay to compensate for