How to save money with your Tax-Free Flex Savings Account. Increase your paycheck by using your HSA at work.
Permanent Account Number or PAN is a mandatory alphanumeric number for people who file income tax and make transactions of Rs.50,000/- and up (like deposits in a bank or Post Office). The rule was made mandatory on 2005 and since then, filing income tax and keeping the track of it has become...
Mistakes made when filing your tax return can lead to delays in receiving your refund. In my tax office I see mistakes that are often avoidable. Some "mistakes" are intentional and are illegal attempts at trying to increase a tax refund.
This article gives you several methods of avoiding IRS tax audits. It lists all the red flags to avoid and gives you the current audit statistics. The ways to trigger an audit are also listed.
I assert Islam emphasis more on Zakah rather than taxation. Taxation disrupt the right of poor in the society while Zakah impart a steady source of livelihood. some principles are discussed below:
The Introduction of the e-tax payment system paved way which saw even the mobile phone users through the use of the Mobile Money related services having the ability to pay and enact any tax related transaction paid directly to URA
Social security benefits are usually tax-free but not always. Interest income, dividends, pensions, IRA distributions, and employment income can all contribute to making your social security benefit taxable. Up to 85% of your social security benefit maybe taxable as income.
You can use Form 8888 to split your refund between up to 3 accounts at U.S. financial institutions. Your refund can be direct deposited into checking or savings accounts, mutual funds and even brokerage accounts. You can use Form 8888 to buy U.S. Series I Savings Bonds or even to fund your IRA.
The end of the year is ideal, but anytime is the perfect time to spend a little time with your tax records. Organizing your tax receipts and records now will make completing next year's return easier.
A CGA explains the tax credits available to new parents in Canada, as stipulated by the Income Tax Act. You will find explanations of deductions and links to appropriate forms on the CRA Web Site.