Welcome to Tax Help Guide
Aarp Income Tax Help Houston Texas Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Aarp Income Tax Help Houston Texas Best seller
You may also listen to this article by using the following controls.
Birds Fly and the IRS Taxesfrom:
The IRS taxes the incomes of those individuals whose earnings meet or exceed the specified minimum requirement. Normally, taxes are automatically withheld from an employee's check by an employer. However, each year in April citizens must still file an individual income tax return. Depending on the total amount of earnings for the year and filing status, there will be either an underpayment or overpayment of taxes. An underpayment requires individuals to send in an additional payment when they file or make an approved payment arrangement with the IRS. An overpayment of taxes results in a refund check from the IRS to an individual. A failure to pay an amount of taxes owed results in penalties, fines or even imprisonment.
The IRS taxes corporations and other business entities as well. Just like individuals, businesses are responsible for accurately reporting their income to the Internal Revenue Service so that the correct amount of taxes can be levied. Because there are some differences in the way corporate income is reported as compared to individual income, many rely on the help of a professional tax preparer to put their financial information in order. This is to make sure the IRS taxes the right and accurate amount of income; otherwise, a business can find itself looking at an audit of all its financial records.
When the IRS taxes an individual or business, a number of systems and codes are applied based on everything from income and expenses to age and number of dependents. There are codes for singles and married couples, as well as codes for couples filing separately or as Head of Household. While these tax codes are often confusing, they nonetheless help determine the share of taxes that may be due. Deductions and tax credits are routinely offered to those with children, ongoing medical expenses or those businesses bearing the depreciation costs of equipment or advertising. All these help to lessen the tax burden on both companies and individuals.
There are other areas in which the IRS taxes individuals other than income. Federal taxes can come in the form of estate taxes, gasoline taxes or even in federal universal telephone service fees. While many do not like the idea of taxes, they are still a necessary part of life. These collected revenues help to fund the various programs and services that keep a country up and running. The arguments against taxes and how they are used have been waged since early history. Programs that help those with low incomes or disabilities receive medical care is just one of the many examples of this; interstate highways and schools are another.
Aarp Income Tax Help Houston Texas News
Policy snags hold up $1.1 trillion spending bill - Chron.com
Policy snags hold up $1.1 trillion spending bill
Supporters said it was part of an effort to prevent a slow-motion collapse of a system that provides retirement income to millions, but critics objected vehemently. There was no immediate reaction from the White House to the bill. At 1,603 pages, the ...
Lawmakers agree on $1.1 trillion spending bill
How Macquarie Makes Money By Losing Money on Toll Roads - Streetsblog Capitol Hill (blog)
Streetsblog Capitol Hill (blog)
How Macquarie Makes Money By Losing Money on Toll Roads
Streetsblog Capitol Hill (blog)
That helps explain how Macquarie and Ferrovial ended up owing almost twice as much as they paid for the Indiana Toll Road, after collecting tolls for eight years. Randy Salzman, associate editor of Thinking Highways North America, has ... He says that ...
AARP Tax-Aide provides free tax assistance in Texas communities starting next ... - Your Houston News
AARP Tax-Aide provides free tax assistance in Texas communities starting next ...
Your Houston News
This year, AARP Foundation is again providing free tax assistance and preparation for taxpayers with low to moderate income through the AARP Foundation Tax-Aide program. AARP Foundation Tax-Aide, in its 45th year, is the nation's largest free tax ...
Forget Florida. The best cities for retirees - CNNMoney
Forget Florida. The best cities for retirees
According to AARP, the number of Americans between 65- and 90 years old who are working full time has doubled over the past 10 years to 4.8 million. Retiree ditches U.S. for 'paradise' abroad. "A big portion of the Baby Boom .... Adjusted for cost of ...
Dangerous Drug Shortages - AARP News
Dangerous Drug Shortages
by Peter Jaret, AARP Bulletin, October 2014 ... Ohio, have had such difficulty obtaining the seizure drug benzodiazepine the last few years that they've realized their best option is to "step on the gas and get to the hospital as quick as possible ...