The time of your move must be closely related to the start of your new job in order to be eligible for the tax deduction. ...
The requirement to file an income tax return is explicitly set out in sections 6011 (a), 6012 (a) and 6072 (a) and in the ...
The Internal Revenue Service (IRS) is the federal agency responsible for collecting taxes and enforcing the tax code. IRS ...
Individuals will calculate Medicare's additional tax liability on their individual income tax returns (Form 1040 or...
Determine the rate at which income is taxed. As taxpayers prepare for the next tax filing season, it's important that...
The term taxable gifts means the total amount of donations made during the calendar year, minus the deductions provided...
Are you trying to understand the differences between IRS codes 766, 570, 971, and 846? If so, you’ve come to the right...
You cannot claim the health insurance deduction on your own if you qualify to participate in a health insurance plan...
The term “tax codes” can refer to a set of tax laws, such as the Internal Revenue Code (IRC), and it can also refer...
IRC 6654 establishes a penalty for not paying taxes in advance, as required by withholding or estimated tax payments. If...
Your charitable donations will only qualify for a tax deduction if they go to a tax-exempt organization, as defined in...
Any charitable contribution (as defined in subsection (c)) whose payment is made within the tax year will be allowed as a ...
In addition to other taxes, a tax equal to 6.2 percent of the salary (as defined in section 3121 (a)) that the person...