FAQs tagged as

Personal Tax

  1. How do you file IRS Form 709?

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

  3. Are 401(k) loans taxed?

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

  5. How Long Should I Keep My Tax Records?

  6. Does the IRS charge interest on penalties?

  7. Are tax shelters legal in Canada?

  8. Can the IRS garnish your tax refund?

  9. What is a 409A nonqualified deferred compensation plan?

  10. Do financial advisors prepare tax returns for clients?

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

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

  13. How is income taxed on prorated salary?

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

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

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

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

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

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

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

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

  22. Which factors drive the marginal propensity to consume?

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

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

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

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

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

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

  29. Do all taxes create deadweight loss?

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

  31. How is compound interest taxed?

  32. Is the marginal tax rate a progressive tax?

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

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

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

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

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

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

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

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

  41. How does the government spend my taxes?

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

  43. What is the double taxation of dividends?

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

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

  46. Do nonprofit organizations pay taxes?

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

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

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

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

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

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

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

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

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

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

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

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

  59. How does the marginal tax rate system work?

  60. How can I use a child tax credit?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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