When it comes filing past year tax returns, there are several things that you need to take into your careful consideration. Though the process sounds a complicated one, it is not a big ordeal in reality. No one really likes to file tax returns, let alone for years that have passed. Still, there can be an array of situations when you may have to do it, willingly or unwillingly. Therefore, it is always wise to be aware of the steps that one needs to follow in this regard. Following is a brief rundown on how to go about it.
A Step-By-Step Guide To Filing An Amended Tax Return
December 25, 2010 By
When it comes to filing an amended tax return, there is a set procedure that you need to follow. There can be different types of changes that you may like to make in your tax return, such as the filing status, the allowable credits or deductions that you missed, credits or deductions that are not allowed but you have taken, certain sources of income that you have not reported. Following is a brief rundown on some of the basic steps that you have to follow in order to make such changes.
Tax Payment On Alimony Income
September 1, 2010 By
As per the tax laws in the United States of America, if you are receiving alimony payments from your ex-spouse, it will be treated as your income and you have to pay taxes on it. However, when it comes tax payment on alimony income, there are plenty of factors that are taken into account, such as the amount of money you are receiving, how frequently you are receiving it, and an array of other such things. In order to pay taxes on alimony, you will have to provide the details regarding the receipt of this income while you are filing your tax return.