FAQs tagged as

Income Tax

  1. What's the difference between IRS Forms 1040EZ and 1040A?

  2. Can moving to a higher tax bracket cause me to have a lower net income?

  3. How Can I Fund A Roth IRA If My Income Is Too High To Make Direct Contributions?

  4. How Long Should I Keep My Tax Records?

  5. If a LEAP option is purchased and held for more than 12 months, is the tax treatment long term?

  6. If you have a house that is under your company name and you want to sell it back to yourself, do you have to pay capital gains taxes?

  7. Which constitutional amendment made income tax legal?

  8. Will jointly filing taxes have the effect of joining a couple's credit?

  9. Why does the IRS withhold income taxes from employee paychecks?

  10. What aids will help me file my own tax return?

  11. Does everyone have to file a federal tax return?

  12. Is my non-qualified Roth IRA distribution subject to taxes or early distribution penalties?

  13. How do I file taxes for income from foreign sources?

  14. When am I not required to submit a social security number on my tax return?

  15. How can I easily get ready for next year's tax season?

  16. As a temporary resident of the US, can I withdraw funds from my Traditional IRA without penalty when I leave the country?

  17. After receiving a required distribution when and how are my taxes affected?

  18. Upon my death, will the beneficiaries of my IRA be compelled to take the entire amount in the IRA as ordinary income, forcing them into unusually high income tax brackets?

  19. If I take a severance package from my employer, how will it be taxed?

  20. How do I sign up for the saver's tax credit?

  21. Should I put money into a retirement account even if it isn't tax deductible?

  22. When am I considered "married" for tax purposes?

  23. How does the marginal tax rate system work?

  24. How do I use the IRS Free File tax forms?

  25. I am a non-U.S. citizen living outside the U.S. and trading stocks through a U.S. internet broker. Do I have to pay taxes on the money I earn?

  26. I deducted my IRA contribution on my tax return but failed to transfer the funds. What do I do?

  27. What is the purpose of a "repatriated tax break", and why is it so controversial?

  28. If an employee is paid by commission, who is responsible for withholding taxes?

  29. How can I make sure I'm ready to file my taxes?

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