Category Archives: Taxes

The assessed value of real property is an annual determination of the just or fair market value of the property established by the Property Appraiser. Local officials value your property, set your tax rates, and collect your taxes. Homestead, over sixty-five, and disabled veterans exemptions are examples of partial exemptions, which reduce the taxable value on qualifying property. The pro......

The majority of tax professionals in the United States, as well as most US taxpayers, would say that Federal income taxes are not allowed to be discharged through filing for brokeness. However, this is an incorrect belief and should be placed in the category of myth. The fact of the matter is, there are certain conditions that do allow people to receive bankruptcy taxes relief at the time th......

* What is a W-2 form? The W-2 is a form that an employee receives from his or her employer once a year. It is also sent to the IRS at the end of every year. The total annual wages paid and the taxes that the employer withheld from each paycheck are shown on the W-2 form. Federal law states that the W-2 form must be mailed by January 31st of each year. It consists of six copies: Copy A Submi......

If you are excited at the prospect of doing your taxes, you are one of the few lucky ones. For most of us mere mortals, our taxes are an incredibly intimidating and complex beast. Needless to say, the U.S. tax code does not make for a light read. Nonetheless, you are still obliged to file and pay your taxes, no matter how daunting the task may be. Fortunately, help may just be a phone call ......

* Is Social Security retirement income taxable? Social Security retirement benefits are taxable, although it depends on your total income and civil status. Federal law states that an individual must pay taxes if he/she has annual Social Security retirement income of more than $25,000. If he/she has a married status, they must pay such taxes if the income is more than $32,000. However, if the......