FAQs tagged as

Income Tax

  1. What are the differences between regressive, proportional and progressive taxes?

  2. What is the difference between an operating expense and a capital expense?

  3. What are some of the arguments in favor of a value-added tax (VAT)?

  4. How is compound interest taxed?

  5. According to the law of supply and demand, what is the effect of an increase or decrease ...

  6. How does the Fair Accounting Standards Board (FASB) regulate deferred tax liabilities?

  7. What cost basis reporting rules are set by the Internal Revenue Service (IRS)?

  8. What are some ways to minimize tax liability?

  9. What are the disadvantages of the FIFO accounting method?

  10. What is the difference between residual income and passive income?

  11. What is the difference between disposable income and discretionary income?

  12. Why did Larry Page pay himself a salary of only $1 a year at Google?

  13. Is the marginal tax rate a progressive tax?

  14. What's the difference between the marginal tax rate system and a flat tax?

  15. Are marginal tax rate schemes more fair than flat taxes?

  16. What is the highest marginal tax rate in the United States?

  17. How do deferred tax assets help in meeting retirement goals?

  18. What are the best ways to pay less income tax?

  19. What is the difference in tax liability between gross income and other kinds of income?

  20. Can you calculate the marginal tax rate in Excel?

  21. What are the best and worst states to pay taxes in?

  22. How are yields taxed on a certificate of deposit (CD)?

  23. What are the most common deferred tax assets used by individuals?

  24. Should I use a deferred tax asset for all of my retirement funds?

  25. How is a deferred tax asset taxed?

  26. What deductions, credits and exemptions depend on gross income calculations?

  27. How are taxes treated in the consumer price index (CPI)?

  28. What is the best method of calculating depreciation for tax reporting purposes?

  29. Can you write variable costs off your taxes?

  30. What are the best ways to lower my taxable income?

  31. What are the differences among gross income, adjusted gross income and modified adjusted ...

  32. What is the difference between gross income and earned income?

  33. What is the difference between gross income and taxable income?

  34. What are the potential pitfalls of owning REITs?

  35. How are trust fund earnings taxed?

  36. How are savings bonds taxed?

  37. Are credit card rewards considered taxable income by the IRS?

  38. What are the Social Security tax caps?

  39. How much of my income goes to Social Security taxes?

  40. Must I pay Social Security taxes on my earnings after full retirement age?

  41. Is the interest on my student loan tax deductible on my federal income taxes?

  42. How are Pay As You Go pension plan benefits taxed?

  43. Are Social Security survivor benefits for children considered taxable income?

  44. How are Simplified Employee Pension (SEP) IRAs taxed?

  45. How are Social Security benefits affected by your income?

  46. How is a Registered Retirement Income Fund (RRIF) taxed?

  47. Are Social Security benefits taxable?

  48. What's the difference between a 401(k) and a Roth IRA?

  49. Will I have to pay taxes on my 401(k) plan if I quit my job?

  50. Can real estate be depreciated?

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

  52. How do I find out what my tax bracket is?

  53. What's the difference between a tax rate and a tax bracket?

  54. What’s the difference between IRS Forms 1040 and 1040EZ?

  55. Can I use IRS Form 1040EZ to file my tax return?

  56. When do I need to file an IRS Schedule F form?

  57. What is IRS Form W-2 used for?

  58. What are the advantages of paying your taxes with the Electronic Federal Tax Payment ...

  59. When would I need to use IRS Form 1040X when filing my tax return?

  60. How do I determine what to pay in taxes if my employer doesn't withhold payroll taxes?

  61. Can filing taxes with Form 1040EZ cost me money?

  62. What are the benefits of splitting my tax refund?

  63. How do I get a split tax refund?

  64. How do I know whether to itemize deductions or take the standard deduction?

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

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

  67. How can I fund A Roth IRA if my income is too high to make direct contributions?

  68. How Long Should I Keep My Tax Records?

  69. If a LEAP option is purchased and held for more than 12 months, is the tax treatment ...

  70. If you have a house that is under your company name and you want to sell it back ...

  71. Which constitutional amendment made income tax legal?

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

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

  74. I am a non-U.S. citizen living outside the U.S. and trading stocks through a U.S. ...

  75. Upon my death, will the beneficiaries of my IRA be compelled to take the entire amount ...

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

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

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

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

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

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

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

  83. I deducted my IRA contribution on my tax return but failed to transfer the funds. ...

  84. How does the marginal tax rate system work?

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

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

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

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

  89. As a temporary resident of the US, can I withdraw funds from my Traditional IRA without ...

  90. Is my non-qualified Roth IRA distribution subject to taxes or early distribution ...

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

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

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