To deduct home equity loan interest from a tax return, a 1098 form is required as well as a 1040. Understand all the requirements for deducting home equity loan interest from personal taxes safely and legally with tips from an experienced tax professional in this free video on taxes. Expert: Danielle Loughran Contact: www.accell-us.com Bio:…

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We went out to dinner and the tip was added to the bill. The bill was itemized showing that the tip was being taxed. When I asked about it, the person at the restaurant said, "yeah we have to charge tax on the tip". I wanted to challenge them but I wasn’t confident enough too……

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I have just started working as a hairdresser in a salon. What percentage of my tips should I save for taxes? First point would be: estimate what you think you are going to make for 2008. Income tax is "pay as you go". Now subtract from your income your standard deduction and the number of…

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Tax relief expert Michael Rozbruch (http://www.taxresolution.com/) shares tips on extended tax breaks and deduction opportunities to help make the most of slow economy on KVEC morning news with Kings Harris. Also includes great advice on what to do (and what not to do!) if you have been audited by the IRS. Tax Resolution Services is…

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They are supposed to have kept a daily tip log, and reported all their tips to their employers. The employer would take out tax on the tips, and your W-2 would show the income and the withholding, so you wouldn’t have to do anything special.

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Today I had the worse experience dining out. The server was doing a ok job. So we just left him about 15% tip..which I thought was fair. (I know some people tip 20% or more but we were just students who cant afford to be very generous.) Anyway, while we stepped out of the restaruant,…

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