Posts Tagged ‘tax tips’
IRS TAX TIPS: Vehicle Tax Deduction (ASL, Captions & Audio)
WASHINGTON — On December 9, 2011 the IRS (Internal Revenue Service) issued the guidelines for 2012 including the optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. These guidelines will begin on January 1, 2012. This means that the old guidelines used in…
Read Moreis it legal for my boss to tax my tips at work? CA labor law questions!?
When people tip in cash I get to take it under the table but when people tip on CC or check it shows up on my paycheck and is taxed. Is this legal in California? It doesn’t seem right. No, you are wrong, when they tip you in cash you must still report it. When…
Read MoreEnd of the Year Tax Tips
With 2006 winding up, there are a few people that are beginning to consider their tax situation. I know that a lot of people wait until March to even consider their taxes, but the wise are prepared well in advance. I advise that you use the month of December to gather and organize your receipts…
Read MoreExchange Traded Funds – How Dollar Cost Averaging Can Make You Money In The Long Term
Exchange-traded can be seen as a mutual fund that trades like a stock. It represents a pool of stocks reflecting an index. The ETFs try to imitate the return on indexes but there is no assurance that they will do so precisely. However, an ETF is not a mutual fund and it trades like any…
Read MoreAny tips on lowering my property tax on 2nd home in the Houston suburbs?
I noticed investors pay higher taxes than residents. Is there any loop holes to pay lower taxes for non-residents? Home assessment for property tax does not take investors into consideration. This year my property was valued for the next 2 years. I ran some numbers and appealed to have the assessed value lowered. Not much…
Read MoreIRS TAX TIPS: Education Credit (ASL, Captions & Audio)
Education Credits – Public Service Announcement from IRS, courtesy of the NAD. Going to college and buying a computer for course work just got easier because of the American Opportunity Credit that allows you to claim up to $2,500 on your tax return. For more information, go to www.irs.gov Duration : 0:1:8
Read MoreTax Tips: Ask Your Tax Preparer to e-File – January 2010
If your tax professional prepares your tax return electronically, make sure they also FILE it electronically. This video outlines why this is important. Duration : 0:1:0
Read MoreTax Deduction Tips : Social Security Tax Tips
Everyone can use some tax advice. Get tips for how social security and tax laws work in this free video clip about tax deductible items. Expert: Tom Choisnet Bio: Tom Choisnet has been in self-employed tax practice for over 40 years, and he has been an enrolled agent since 1968. He has prepared over 35000…
Read MoreHow do I deduct tips that I tip out to bussers and bartenders for tax purposes?
Can I do an ez file or do i need to do another tax form? anything you claim as a deduction you need to have a receipt for to prove to the IRS.
Read MoreIs it legal for a restaurant employer to tax a server on the tips they share with the bus crew, hostess, cooks?
On our paychecks we are taxed on all recorded tips including the tips we give to hostess, bus crew cooks etc. They aren’t taking out a percentage of what we tip out, they tax all of it from our paychecks which leaves our paychecks really low. If tips are shared among the staff, each employee…
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