pstrongFor some, just what number to write on each line, seems to get more confusing every time it needs to be filled out./strongstrong/strong/ppA W-4 is a form an employer gives you to fill out as a part of new hire paperwork. This form decides how much money gets taken out of each paycheck for taxes.

pstrongWhen you need some hired help around the house, you’ll need to know how to handle your tax obligations. This post will tell you how./strong/ppIt may seem ok to hire a family friend just graduating high school for the summer to take care of the kids and pay some cash to her every week.

pstrongWhile the IRS considers rent paid to you as income, there is one way to make some extra cash and keep it all./strong/ppNo, unfortunately you can’t just rent out your properties tax-free indefinitely, but you can for up to fourteen days.

pstrongThere are simple tax strategies and there are complex strategies. At the end of the day, these fundamental goals should still be reached./strong/ppThere are many tax strategies out there to help you. It can be a little overwhelming determining which ones can help.

pstrongWhy is it some businesses seem to simply “go out of business” and some have a liquidation? Find out what liquidation really means.br/strong/ppEssentially, liquidation means that a company’s assets are worth more than the value of the business’s ability to generate income.

pstrongAvoid IRS hassles by starting off on the right foot./strong/ppYou start your own business because you found you have something valuable to give the world and you’re good at it. But like most entrepreneurs starting out, you learn there’s a bunch of red tape that has to be handled in order for you to get to the business you set out to start.

pstrongThe IRS can’t audit everybody but just how many taxpayers are being audited? Find out the percentage by income./strong/ppThere are over 200 million tax returns filed every year. There’s no way the IRS could audit all of them. So just how many of these returns are being audited?

pstrongWhen it comes divorce or being an unmarried parent, who gets to claim your dependents can be a bit tricky. Here’s what you need to know./strong/ppMany times, divorced or unmarried parents can cause headaches because both parents attempt to claim their son or daughter as a dependent.

pstrongEver wonder about what the Earned Income Tax Credit is? You just might qualify!/strong/ppEssentially, the Earned Income Tax Credit, also known as the EITC, is way to help US citizens that work hard but still have lower income. What’s great about this credit is that it is a refundable credit.

pstrongPutting off your taxes until it’s too late can be damaging./strong/p pFiling your taxes late can mean that you’ll owe even more money. Or, if you have a refund due, it can lessen how much you get back. Either way, you’re losing money./p