Paying taxes is one of the most important obligations involved in running a business. As a small-business owner, you may be responsible for a variety of feder.... Read more
Most states impose a sales tax on all in-state sales of goods and services. Although these taxes are levied on the buyer, not the seller, in many cases the se.... Read more
Restaurant workers rely on tips for a good part of their income. Although it may be difficult for the Internal Revenue Service (IRS) to figure out exactly how.... Read more
Nanny taxes don't apply only to the nanny who cares for your children. The term covers all household help, such as gardeners, housekeepers, and anyone else who works in your home under certain conditions. If you pay a worker more than $1,800 a year (in 2012) you may have to address the issue of nanny tax withholding. Nanny Taxes Apply to Employees Your obligation to pay a nan... Read More
Calculating your taxes each year can be relatively straightforward when you're working, especially if you don't own a business or have multiple sources of income. Retirement can complicate your tax picture. You might want to talk to a tax professional to make sure you're getting it right, and to make sure that you're not incurring any penalties or interest. Retirement Income Is Ty... Read More
Most states impose a sales tax on all in-state sales of goods and services. Although these taxes are levied on the buyer, not the seller, in many cases the seller is responsible for collecting these taxes from buyers and forwarding them to state tax authorities. Online marketing has changed the dynamics of this process, costing states billions of dollars in lost revenue. Out-of-St... Read More
Governments impose property taxes on homeowners to finance county and municipal costs. Property taxes pay for police and fire personnel. They help fund public schools and utility services. Your municipal or county government has a big stake in collecting homeowners' taxes so it can meet its budget. If you can't pay your taxes, the government will come after you. You may lose your home.... Read More