Are you a divorced family, wondering how you’ll handle taxes when claiming your dependents? The IRS law makes it pretty clear cut who gets to claim them – the custodial parent. But, if you want to relinquish those rights, you can with IRS Form 8332.
Are you trying to figure out the most realistic money saving tips for you to use today?
Millennials are a unique generation to have grown up with technology nearly every step of the way. Not only that, Millennials were conditioned to go to college and get a degree.
Times have changed and educated Millennials are struggling to find high enough wages to help pay for the high cost of education.
That being said, having grown up with technology it has allowed for many ways to save money and generate extra revenue. This article I will go into detail several ways Millennials can save money and squeeze every dollar out of their budget.
Are you trying to figure out how to use the IRS Form 4506-T?
As you may know, the Internal Revenue Service (IRS) is an agency of the United States federal government that controls tax laws. It manages the tax return process, different tax services, and the implementation of tax laws.
The IRS also saves information of taxpayers such as yourself and provides the info whenever you need it. You may need your tax-related details due to numerous reasons.
Mostly, it is needed when you are interested in taking a loan/mortgage and the mortgage provider has to verify your income source.
The IRS provides different forms that taxpayers can use to retrieve different information regarding their tax. One of them is the IRS Form 4506-T in which the letter ‘T’ stands for transcript.
Are you having a hard time trying to figure out how to pay off debt quickly this year?
Living in a country that is driven largely by consumerism can make it difficult for you to stay away from credit cards and all the other tempting debt.
On top of that, using credit cards and obtaining loans is a painless process, which makes it easier to spend money that may not be available.
Or money that you can’t pay back.
Once debt is accumulated it can be difficult to get rid of it, but it is certainly far from impossible.
Are you trying to figure out if you qualify for Earned Income Credit (EIC)? Also known as Earned Income Tax Credit (EITC).
Well, no need to worry.
Today we will go over what conditions need to be met, such as your filing status, income, number of kids and more.
In the case where the required conditions are met, you can then easily apply for the Earned Income Credit.