FAQs tagged as

Personal Tax

  1. Do financial advisors prepare tax returns for clients?

  2. What is the difference between comprehensive income and gross income?

  3. What tax breaks are afforded to a qualifying widow?

  4. How is income taxed on prorated salary?

  5. How can I tell which of my business expenses count as write-offs?

  6. What is the difference between a write-off and a deduction?

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

  8. What is an IRS letter audit / audit by correspondence?

  9. When might an abatement be granted by the IRS?

  10. How can I lower my effective tax rate without lowering my income?

  11. Do I need to file an income tax return every year?

  12. How can I find out which income tax bracket I am in?

  13. What is the difference between income tax and capital gains tax?

  14. Which factors drive the marginal propensity to consume?

  15. What are some of the arguments against a value added tax (VAT)?

  16. What is the difference between a regressive tax and proportional tax?

  17. Are progressive taxes ever more unfair that flat taxes?

  18. Is a progressive tax more fair than a flat tax?

  19. Do all taxes create deadweight loss?

  20. What are the pros and cons of a progressive tax policy and who benefits the most ...

  21. Is progressive tax the same thing as marginal tax rate?

  22. What's the difference between regressive and progressive taxes?

  23. How is compound interest taxed?

  24. Is the marginal tax rate a progressive tax?

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

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

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

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

  29. What is Value-Added Tax (VAT) and who pays it?

  30. How much will it cost to hire an accountant to do my taxes?

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

  32. Earnings within a Roth IRA are tax free, so are these earnings included in the modified ...

  33. How Long Should I Keep My Tax Records?

  34. Are 401(k) loans taxed?

  35. How does the government spend my taxes?

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

  37. What is the double taxation of dividends?

  38. How are life insurance proceeds taxed?

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

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

  41. Do nonprofit organizations pay taxes?

  42. Do I still have to pay penalties and taxes on money that I don't roll over from a ...

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

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

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

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

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

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

  49. What procedure applies to a taxpayer who made excess contributions for 2001, 2002, ...

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

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

  52. How can I use a child tax credit?

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

  54. How does the marginal tax rate system work?

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

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

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

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

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

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

  61. I am 52 years old and wish to make a withdrawal from my 401(k) plan. Is there any ...

  62. What are the tax consequences of a Roth IRA distribution if the IRA holder is younger ...

  63. Can I, without tax penalties, use the IRA I inherited from my father to buy a home ...

  64. Are the deferred earnings in a SIMPLE IRA subject to FICA taxes?

  65. How can I reduce the taxes on my inherited retirement assets?

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

  67. Can a corporation deduct dividend payments to shareholders before taxes are calculated?

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

  69. What are the "certain requirements" that must be met for substantially equal periodic ...

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

  71. Can I convert non-deductible contributions made to my Traditional IRA to a Roth IRA ...

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