Unemployment benefits are not considered earned income, but must be included in income calculations. New Rules for 2009 Tax Year New for tax year 2009, are the additional EITC and income, thresholds for a third qualifying child and changes to the uniform definition of a child. For tax years 2009 and 2010, the American Recovery and Reinvestment Act created a new category three or more children, which will provide larger credits to larger famil…
Filed under 2009 Tax Refund Schedule by on Mar 1st, 2011. Comment. 
What is a federal IRS tax lien? The federal tax on the IRS lien is a claim filed against the property for non-payment of tax debts back. Unlike a bank or wage levy, the tax lien does not deprive the taxpayer of the property or the right to transfer this property. If you owe back taxes then you may eventually become the victim of one of the most powerful tools in their arsenal of collection: IRS tax liens. And know that the greatest return for y…
Filed under Tax Refunds by on Sep 18th, 2009. Comment.
dy the right to make decisions about school, religion and many other factors of a Childs life. There is joint custody where each parent is responsible for the decisions in the Childs life. Both parents are responsible for the support of the child. This is determined by the financial means of both parents. Be aware the joint custody does not do away with a parent’s responsibility of child support. Child support is determined by the courts. W…
Filed under Michigan Income Tax Refund Status by on Mar 23rd, 2011. Comment.
Now, heres a real tax savings to the individual taxpayer with dependents. The child tax credit is a direct federal income tax credit based on the number of dependent children in your family. This federal tax credit is available to provide credit to taxpayers with income below certain established levels. Started in 2003 and going to 2010, the maximum credit per child is $1000 and is first applied to reduce or eliminate the taxpayers federal ta…
Filed under Tax Refunds by on Nov 17th, 2009.
Create Tax Savings And Transfer Wealth To Your Child With A Roth IRA Parents must give serious thought to protecting their family through estate tax planning. While life insurance and trusts should be a part of every plan, Roth IRAs can be a simple tool for passing money to your child on a tax-free basis. Roth IRA First, we need a quick summary of the Roth IRA. A Roth IRA is an after-tax retirement vehicle that produces huge tax savings because …
Filed under Tax Refunds by on Aug 1st, 2009.