Paperwork, Paperwork PAPERWORK, PAPERWORK Recent changes to the tax laws and the required minimum distribution rules have made reviewing beneficiary designations for Individual Retirement Arrangements (IRAs) and qualified retirement plans (eg 401(k)) a high priority on the list of retirement and estate planning activities This is especially true today, when more of individuals than ever have recognized the tremendous life and death tax advantages these retirement savings vehicles offer and have begun to amass considerable wealth within them Yet many individuals who so conscientiously set aside money for to fund ...

Automatic Extension Requests For Businesses The internal revenue service has recently been taking steps to cut down on clutter and streamline the tax filing process Now they've simplified business tax return extensions Automatic Extension Requests For Businesses In past years, some businesses had to go through a lot of paperwork to file request for extensions to file annual business tax returns This included filing partial extension forms such as forms 8800, 8736, 7004 and 2758 I get a headache just thinking about it Apparently, IRS agents got one ...

Your Tip Earnings And Taxes The internal revenue service has recently been taking steps to cut down on clutter and streamline the tax filing process Now they've simplified business tax return extensions Automatic Extension Requests For Businesses In past years, some businesses had to go through a lot of paperwork to file request for extensions to file annual business tax returns This included filing partial extension forms such as forms 8800, 8736, 7004 and 2758 I get a headache just thinking about it Apparently, IRS agents got one ...

Your Tip Earnings And Taxes - Corrected If you work in a service where you get tips, guess what? The IRS expects you to report them and pay taxes on them Your Tip Earnings and Taxes The internal revenue service takes a very simple approach to tips It views all tips you make in your job as taxable income that must be reported and for which taxes must be paid Put another way, the IRS has a simple but brutal view towards taxes Now tips come in ...

How To Avoid Paying Too Much Estimated Tax Many self-employed people and small business owners make quarterly estimated tax payments at both the federal and state level (Sigh!) If you're newly self-employed and perhaps unfamiliar with the government's estimated tax payment schedule, here are the due dates for the Year 2006 quarterly estimated tax payments: QTR 1: April 15, 2006 QTR 2: June 15, 2006 QTR 3: September 15, 2006 QTR 4: January 15, 2007 The form used to accompany the payments is Form 1040-ES You can download the ...

Saving Bonds Saving Bonds are issued by US Treasury Department These are not tradable anywhere in the market The bonds are non-marketable securities For any buying and selling activity, you need to go to the agents authorized by the government These agents are called Issuing and Paying agents The saving bonds are registered securities This means that they are registered and held in name of the person who owns them Generally there are three series of interesting saving bonds They ...