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Recent Entries...
Tips are not taxable if it is given for a service not correlated with a taxable sale. For instance, the tip that you have given when your luggage was carried or your hotel room is cleaned is --- [More...]
Gifts are taxable. It depends on the equivalent amount of the gift to be given. For instance, if you have given somebody a cash gift worth ,000.00, it has an equivalent deductible tax charged to the giver. --- [More...]
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Taxes Question/Title:
What if I don't know what my income was last year?
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What if I don't know what my income was last year?
In case that an individual do not know the amount of deductible tax from his income, he can go to the nearest service office of the Internal Revenue Services (IRS) to validate and compute the tax that he needs to pay. He can also acquire the services of a Certified Public Accountant (CPA) to have a computation of his income tax declaration.
--- permission must be obtained from author Ted Farley to re-publish ---
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