This day and age, conscientious use of 401 (k)s and other retirement accounts is essential if you want the retirement of your dreams, but why is this the case? Do they offer some sort of notable benefit over a typical savings account? Well, the obvious advantage of using this sort of retirement account is that…
Do All Lenders Require Tax Transcripts?
Applying for a loan can be a long and confusing process, in which an applicant is asked to provide a significant amount of information. It might feel as though the lender is asking for a lot, but this is done to prevent fraudulent applications from being approved. One document a lender is likely to require…
Is Medicare A Tax?
Medicare is a well-known federal health insurance program that primarily offers insurance for Americans who are aged 65 and older. The program also covers younger people with disabilities, as well as those dealing with renal disease in its end stages. With Medicare also comes Medicare Tax, but what is Medicare Tax, and how does it…
Do College Students Get Child Tax Credit?
If you have a child that you have been receiving child tax credit payments for, but who has recently entered college, you might be unsure as to whether they are still eligible for this additional income. In this article, we are going to be providing all the information that you will need in regard to…
Do Church Employees Pay Taxes?
Payroll can be tricky enough for most administrators, but it can be even harder for church administrators that actually have a lot more factors to consider than that of a regular business. There are so many questions you might want to ask. How does the IRS categorize a church? Do clergy members count as employees?…
Best Tax Relief Companies
Whilst it is easy for people to say that you simply shouldn’t fall behind on your taxes, real-life somehow has a funny way of making that simple prospect a difficult one to meet. Whether it is job loss, moving home, or a variety of other reasons, sometimes keeping up our tax returns just isn’t possible….
Can Someone Take Your Property By Paying The Taxes?
Although they’re essential to the proper functioning and growth of our great nation, taxes can be a real pain, especially if you’re struggling to keep up with payments. In certain scenarios, things can get pretty ugly with the taxman, but is it just foreclosures and debt we have to worry about, or could someone also…
Are Stocks Taxed?
If you are interested in investing your money, then you have probably considered investing in stocks. They are one of the most traditional investment routes, and they are still incredibly popular today. Investing in stocks is a great way to build your wealth for the future, and prepare yourself for retirement. But when you invest…
Do Accountants Pay Taxes?
Do you dread when tax season comes around? It could take you many hours and even days if you decide to prepare your taxes yourself, as it depends on how you file and what files you’re using. According to the IRS, it can take about 13 hours for the average taxpayer to do their return,…
Is Insurance Payout Taxable?
Insurance payouts can help keep us afloat in the worst of circumstances. Whether you’ve had an accident on the job, or somebody dinged your ride on the road, the claimable funds help put things right again — or as close to “right” as is possible! But you’re not alone if you don’t really think about…