Here is that time of the year when you are into deep thinking about taxes, and the right questions you must ask your tax preparer. Take out some quality time to spend with your tax preparer or chalk out some questions for them while sending them your return. What kind of tax questions should […]
The United States income tax is a pay-as-you-go tax, which means that tax must be paid as you earn or receive your income during the year. You can either do this through withholding or by making estimated tax payments. If you do not pay your tax through withholding or do not pay enough tax […]
If you gave money or property to someone as a gift, you may owe federal gift tax, which means your gift is taxable. Many gifts are not subject to the gift tax, but the IRS offers the following eight tips about gifts and the gift tax. Most gifts are not subject to the gift […]
