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  2. Tax withholding - Wikipedia

    en.wikipedia.org/wiki/Tax_withholding

    Tax withholding, also known as tax retention, pay-as-you-earn tax or tax deduction at source, is income tax paid to the government by the payer of the income rather than by the recipient of the income. The tax is thus withheld or deducted from the income due to the recipient. In most jurisdictions, tax withholding applies to employment income.

  3. Form 1099 - Wikipedia

    en.wikipedia.org/wiki/Form_1099

    For a variety of reasons some Form 1099 reports may include amounts that are not actually taxable to the payee. A typical example is Form 1099-S for reporting proceeds (not gain) from real estate transactions. The Form 1099-S preparer will report the sales proceeds without regard to the amount of the taxpayer's "basis" in the real estate sold.

  4. Internal Revenue Code section 1031 - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    For example, if your tax return is due April 15, but that date falls on a Saturday, then your tax return due date is forwarded to the first business day following April 15, or Monday, April 17. However, if a deadline falls on a Sunday, the requirements for the exchange must be met no later than the last business day prior to the deadline date ...

  5. Can You Deduct Homeowner’s Insurance on Your Taxes? - AOL

    www.aol.com/deduct-homeowner-insurance-taxes...

    Real estate tax: You can deduct local and state real estate tax, but only up to $5,000 ($10,000 if married filing jointly). Lender discount points: You may be able to claim a partial deduction for ...

  6. Tax withholding in the United States - Wikipedia

    en.wikipedia.org/wiki/Tax_withholding_in_the...

    Partnership payments on business income are treated like estimated tax payments, and the foreign person must still file a U.S. tax return reporting the business income. Purchasers of U.S. real estate must withhold 10% of the sales price from payments to foreign sellers. [22]

  7. 10 signs you really do need professional help filing your taxes

    www.aol.com/finance/10-signs-really-professional...

    The next year, you'll have a professionally prepared return as a reference if you want to tackle your return on your own, he said.A tax professional will help ensure you get all of the deductions ...

  8. Another way to calculate your effective tax rate is to divide the amount of tax you pay by your adjusted gross income (the amount you earned after all your deductions and tax credits are factored in).

  9. Tax returns in the United States - Wikipedia

    en.wikipedia.org/wiki/Tax_returns_in_the_United...

    Tax return laws generally prohibit disclosure of any information gathered on a state tax return. [10] Likewise, the federal government may not (with certain exceptions) disclose tax return information without the filer's permission, [ 11 ] and each federal agency is also limited in how it can share such information with other federal agencies.