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Articles, tagged with "tax implications", page 1
Taxes
Although the purpose of an IRA is to save for the future, it is not uncommon for taxpayers to ‘borrow' money from their account. Unfortunately, there are severe tax penalties that are assessed when you make an early withdrawal. Here are some tax implica...
Author: Roni Deutch
What All Taxpayers Should Know About Early IRA Withdrawals
09th September 2010Although the purpose of an IRA is to save for the future, it is not uncommon for taxpayers to ‘borrow' money from their account. Unfortunately, there are severe tax penalties that are assessed when you make an early withdrawal. Here are some tax implica...
Author: Roni Deutch
Taxes
In the year 1955, Richard and Henry Bloch formed H&R Block. Henry became both the chief executive officer and president, while the chairman of the board post went to Richard. The firm began its first franchise in Canada in the year 1964. In the year 1965 ...
Author: Cicile Marker
H&R Block’s tax software is easy to use
03rd September 2010In the year 1955, Richard and Henry Bloch formed H&R Block. Henry became both the chief executive officer and president, while the chairman of the board post went to Richard. The firm began its first franchise in Canada in the year 1964. In the year 1965 ...
Author: Cicile Marker
Family Law
Q: I am in the midst of divorce negotiations and will be receiving child support. What should I know about the tax implications of receiving child support? A: Receiving child support will not affect your taxes at all. The parent receiving the payments doe...
Author: deadbeathunter
Deadbeat Hunter Answers Questions About Child Support and Taxes
26th March 2010Q: I am in the midst of divorce negotiations and will be receiving child support. What should I know about the tax implications of receiving child support? A: Receiving child support will not affect your taxes at all. The parent receiving the payments doe...
Author: deadbeathunter
Business Law
When setting up a new business, arm yourself with all the facts before deciding what form of entity to choose. Because, whichever entity you choose for your business will have financial, legal and tax implications. Business owners often narrow their ...
Author: Lacy Katzen
Your Business Decision: S-Corp vs LLC?
17th March 2010When setting up a new business, arm yourself with all the facts before deciding what form of entity to choose. Because, whichever entity you choose for your business will have financial, legal and tax implications. Business owners often narrow their ...
Author: Lacy Katzen
Taxes
Upon receiving a favorable decision in your claim for Social Security benefits, it is the natural tendency for claimants to breathe a sigh of relief and start planning how to spend the award money. Maybe past due bills will finally be paid off; or perhaps...
Author: Ginny
Income Tax and Social Security Benefits
11th March 2010Upon receiving a favorable decision in your claim for Social Security benefits, it is the natural tendency for claimants to breathe a sigh of relief and start planning how to spend the award money. Maybe past due bills will finally be paid off; or perhaps...
Author: Ginny
Taxes
The holiday season is in full swing, and while your children's heads may be filled with visions of sugarplums, yours is probably full of nightmares about the upcoming tax season. The holidays are expensive, and while hitting up the sales rack may save you...
Author: Roni Deutch
Holiday Season Tax Tips From Roni Deutch
23rd December 2009The holiday season is in full swing, and while your children's heads may be filled with visions of sugarplums, yours is probably full of nightmares about the upcoming tax season. The holidays are expensive, and while hitting up the sales rack may save you...
Author: Roni Deutch
Divorce
Alberta Divorce Finances will provide invaluable assistance to matrimonial lawyers and mediators. Alberta Divorce Finances will help lawyers quantify, clarify and identify clients' financial situation. We will help by explaining the tax implications of va...
Author: Jack Copper
Alberta Divorce
07th December 2009Alberta Divorce Finances will provide invaluable assistance to matrimonial lawyers and mediators. Alberta Divorce Finances will help lawyers quantify, clarify and identify clients' financial situation. We will help by explaining the tax implications of va...
Author: Jack Copper
Taxes
When it comes to starting your own business or joining the ranks of the self-employed, accounting is one of the most critical aspects operating your business. It's real easy, when you are first starting out, to get wrapped up in choosing a business name ...
Author: Jonathan Medows, CPA
Why Should Self-Employed Individuals Choose a CPA for Their Accounting and Tax Needs?
02nd December 2009When it comes to starting your own business or joining the ranks of the self-employed, accounting is one of the most critical aspects operating your business. It's real easy, when you are first starting out, to get wrapped up in choosing a business name ...
Author: Jonathan Medows, CPA
Legal
Many people are concerned that if they had to go into Residential Care they would be forced to sell their home. Because our home is often our most valuable possession, naturally, we wish to make sure that our home is passed on to our children or grandchil...
Author: Jo
Advice On How To Give Away Your Home Legally
27th November 2009Many people are concerned that if they had to go into Residential Care they would be forced to sell their home. Because our home is often our most valuable possession, naturally, we wish to make sure that our home is passed on to our children or grandchil...
Author: Jo