Source: http://thorgoodlaw.com/category/filing-status/
Timestamp: 2017-05-28 04:58:02
Document Index: 381950450

Matched Legal Cases: ['§21', '§ 162', '§21', '§21', '§ 162', '§ 21']

Filing Status | FREE Yourself from IRS Problems
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The Effects Of Trump’s Tax Plan On Individuals And BusinessesPublished March 8, 2017 | By admin	Donald Trump’s most current tax plan promises to save taxes for most individual taxpayers. One way is the elimination of the alternative minimum tax. What are some other ways? Trump’s tax plan:
This is a preview of The Effects Of Trump’s Tax Plan On Individuals And Businesses. Read the full post (498 words, 1 image, estimated 2:0 mins reading time)	Posted in Capital Gains, Deductions, Donald J. Trump, Filing Status, Income, Investment-Related Deductions | Tagged adjusted gross income, head of household filing status, net investment income tax, personal exemption, qualified capital dividends, qualified capital gains, standard deduction | Leave a comment	Form 1040, Line 61 And Non-Resident TaxpayersPublished February 22, 2017 | By admin	Like resident taxpayers, U.S. taxpayers living abroad must complete Line 61 under “Other Taxes” and “Health care: individual responsibility” on their Form 1040 or equivalent. For 2016, the IRS will not consider a return complete and accurate if the taxpayer does not report health care coverage for the year, an exemption or a payment. However, U.S. citizens filing as non-residents in foreign countries while covered by an employee health plan, or even by a foreign country’s national health care system, have different considerations when complying with the requirements of the Affordable Care Act of 2010 (“ACA”).
This is a preview of Form 1040, Line 61 And Non-Resident Taxpayers. Read the full post (572 words, 1 image, estimated 2:17 mins reading time)	Posted in Filing Status, Form 1040, Form 8965 | Tagged Affordable Care Act of 2010, exemption, Form 1040, Form 8965 | Leave a comment	Seven Deadly Tax SinsPublished January 10, 2017 | By admin	7 Deadly Tax Sins
This is a preview of Tax Benefits of Supporting Your Parents. Read the full post (733 words, estimated 2:56 mins reading time)	Posted in Child and Dependent Care Credit, Child and Dependent Care Creidt, Civil Liabilities, Civil Penalties, Criminal Liabilities, Deductions, Expenses Deductions, Filing Status, Income, Income Tax, Income Tax Return, Medical Expenses | Tagged Lawyer, new york city tax attorney, New York City Tax Lawyer, New York Tax Attorney, New York Tax lawyer, nyc tax attorney, Tax, tax attorney, tax lawyer | Leave a comment	Tax Issues for new Widows and WidowersPublished June 22, 2016 | By admin	It’s a traumatic experience to lose a spouse. While there is little that can be done to replace this physical and emotional loss, the Tax Code provides some relief for newly widowed taxpayers. Here is a summary of some of the tax breaks for the newly widowed:
This is a preview of Tax Issues for new Widows and Widowers. Read the full post (563 words, 1 image, estimated 2:15 mins reading time)	Posted in Capital Gains, Capital Losses, Death Benefits, Expenses Deductions, Filing Status, Gains & Losses, Home-Related Deductions, Income Exclusions, Income Tax, Interest Income, IRA, Medical Expenses, New York Estate Tax, Roth IRA, Roth Thrift Savings Plan, Social Security Benefits, Standard Deductions, Tax Credit, Taxable Gain | Tagged filing status, Lawyer, new york city tax attorney, New York City Tax Lawyer, New York Tax Attorney, New York Tax lawyer, nyc tax attorney, qualifying widow or widower, Roth IRA, stepped-up basis, Tax, tax attorney, tax lawyer, traditional IRA | Leave a comment	Children And Tax Credits: The Child Tax CreditPublished May 18, 2016 | By admin	The popular $1,000-per-child tax credit was made a permanent part of the tax code by the American Taxpayer Relief Act. Depending upon a parent’s income, the Child Tax Credit is an important and useful tax credit that may be worth as much as $1,000 per qualifying child under the age of seventeen (17). A qualifying child for this credit is someone who meets the criteria of six tests: age, relationship, support, dependent, citizenship, and residence.
This is a preview of Children And Tax Credits: The Child Tax Credit. Read the full post (608 words, 1 image, estimated 2:26 mins reading time)	Posted in Child Tax Credit, Filing Status, Income, Tax Credit, The American Taxpayer Relief Act of 2012 | Tagged Additional Child Tax Credit, American Taxpayer Relief Act, Child Tax Credit, Lawyer, modified adjusted gross income (MAGI), new york city tax attorney, New York City Tax Lawyer, New York Tax Attorney, New York Tax lawyer, nyc tax attorney, Tax, tax attorney, tax lawyer | Leave a comment	Increased Compliance – Record High Fbars Were Filed In 2015Published May 5, 2016 | By admin	Do you live abroad? Do you own an asset or bank or investment account that had an accumulated value or total exceeding $10,000 at any time in 2015 (or any year)? If so, you are required to file a Report of Foreign Bank and Financial Reports (FBAR). Thus, if an asset was valued at, or an account totaled, $10,001 for just one day, an FBAR is due and must be filed. The Treasury Department’s Financial Crimes Enforcement Network (FinCen) received a record high 1,163,229 FBARs in 2015. What is surprising is that FinCen data shows that FBAR filings have grown an average of 17 percent per year during the last five years. Over 90,000 taxpayers filed FBARs in 2015.
This is a preview of Unsure if you should go with standard or itemize deductions?. Read the full post (406 words, estimated 1:37 mins reading time)	Posted in Charitable Contributions, Deductions, Expenses Deductions, Filing Status, Income, Income Tax, Job Search Expenses, Medical Expenses, Moving Expenses, Representation, Taxable Income | Tagged itemized deduction, Lawyer, new york city tax attorney, New York City Tax Lawyer, New York Tax Attorney, New York Tax lawyer, nyc tax attorney, Schedule A, standard deduction, Tax, tax attorney, tax lawyer | Leave a comment	Child and Dependent Care Credit Explained (26 U.S.C. §21)Published March 28, 2016 | By admin	Federal courts have long held that expenses incurred by taxpayers for the care of dependents, such as a daycare or babysitting expense, while the taxpayer is away from home and at work, are not deductible under I.R.C. § 162(a). However, taxpayers who incur daycare expenses for their children or disabled adult dependents may be eligible for a federal tax credit of up to 35% percent of the cost of day care. To qualify for the child and dependent care credit, you must have a dependent child age 12 or younger, or a dependent of any age who cannot care for himself or herself. You may calculate your tax credit on IRS Form 2441.
This is a preview of Child and Dependent Care Credit Explained (26 U.S.C. §21). Read the full post (672 words, 1 image, estimated 2:41 mins reading time)	Posted in Child and Dependent Care Credit, Child Support, Child Tax Credit, Filing Status, Income Tax, Representation, Tax Credit | Tagged 26 U.S.C. §21, Child and Dependent Care Credit, dependent, Form 2441, I.R.C. § 162(a), I.R.C. § 21, Lawyer, new york city tax attorney, New York City Tax Lawyer, New York Tax Attorney, New York Tax lawyer, nyc tax attorney, qualifying individual, Tax, tax attorney, tax lawyer | Leave a comment	← Older posts