Claiming someone as a dependent? There are 2 types of dependents: a qualifying child and a qualifying relative. For both types of dependents, the following questions need to be answered: Are they a citizen or resident? The person must be a US citizen, national or resident, or a resident of Canada or Mexico. Foreign exchange students do not qualify unless …
The Premium Tax Credit The premium tax credit can help make purchasing health insurance coverage more affordable for people with moderate incomes. To be eligible for the credit, you generally need to satisfy three rules. First, you need to get your health insurance coverage through the Health Insurance Marketplace. The open enrollment period to purchase health insurance coverage for 2014 …
The IRS and Customer Service If you have ever had to directly call the IRS then you know how difficult it can be to contact them. And it is predicted to only get worse. Be prepared to be very patient. During the fiscal year 2013, the IRS answered only 61% of its taxpayers phone calls. That equated to 20,000,000 ( …
Between September 23, 2013 and November 22, 2013, Louisiana taxpayers will be able to officially apply for tax amnesty and submit payment for all tax periods that are outstanding. Secretary of the LDR, Tim Barfield says,  Ã‚ Ãƒ¢Ã¢â€š¬Ã…“This is the time for all Louisiana taxpayers to get a fresh start with their taxes. We have worked to make this process very …
It’s that time of year again along the Gulf Coast…hurricane season. Katrina taught us all to have plans made in advance for evacuation…it also taught us to have our records and important documents safely secured. Here are 5 tips from the IRS to help protect your important records in case of a hurricane or natural disaster. Back up records electronically …
âہ“ I sure would like to write off my vacation.â€Â This is a common thought among the self-employed as well as the employee. As long as your expenses are necessary and ordinary for your business or trade, you can deduct them, or portions of them. These expenses include round-trip travel expenses and the cost of education for improving or maintaining …
Wed 1 Deposit payroll tax for payments on Apr 24-26 if the semiweekly deposit rule applies. Fri 3 Deposit payroll tax for payments on Apr 27-30 if the semiweekly deposit rule applies. Wed 8 Deposit payroll tax for payments on May 1-3 if the semiweekly deposit rule applies. Fri 10 Employers: Employees are required to report to you tips of …
Mar. 1 Deposit payroll tax for payments on Feb. 23-26 if the semiweekly deposit rule applies. Farmers and Fishermen: File Form 1040 and pay any tax due. However, you have until Apr. 15 to file if you paid your 2012 estimated tax payments by Jan. 15, 2013. Mar. 6 Deposit payroll tax for payments on Feb. 27-Mar. 1 if the semiweekly …
Feb. 1-Deposit payroll tax for payments on Jan. 25-27 if the semiweekly deposit rule applies. Feb. 3– Deposit payroll tax payments on Jan. 28-31 if the semiweekly deposit rule applies. Feb. 8– Deposit payroll tax for payments on Feb. 1-3 if the semiweekly deposit rule applies. Feb. 10– Employers: Employees are required to report to you tips of $20 or …
Jan. 5- Deposit payroll tax for payments on Nov. 28-30 if the semiweekly deposit rule applies. Jan. 7- Deposit payroll tax for payments on Dec. 1-4 if the semiweekly deposit rule applies. Jan. 10- Employers: Employees are required to report to you tips of $20 or more earned during November. Jan. 12- Deposit payroll tax for payments on Dec. 5-7 …
