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Which Tax Return Form Should I File? (Best solution)

If you cannot use form 1040EZ or Form 1040A, you probably need a Form 1040. You can use the 1040 to report all types of income, deductions, and credits. You may have received a Form 1040A or 1040EZ in the mail because of the return you filed last year. Which tax return form should I use? Form 1040 is the…

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How Long To Keep Records For Tax? (TOP 5 Tips)

Arrangements made with the Tax and Customs Administration to keep records for a shorter period than 7 years, do not apply to other governmental institutions. Please note that if you stop running your company, you are still required to keep your basic records for the set length of time. How long should you keep your tax records in case of…

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Who Is Exempt From Income Tax Withholding?

To be exempt from withholding, both of the following must be true: You owed no federal income tax in the prior tax year, and. You expect to owe no federal income tax in the current tax year. Who qualifies for exempt status on w4? To qualify for this exempt status, the employee must have had no tax liability for the…

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What Is The 2015 Social Security Tax Rate? (Question)

The Social Security Tax Rate remains at 6.2 percent. The resulting maximum Social Security Tax for 2015 is $7,347.00. There is no limit on the amount of earnings subject to Medicare (Hospital Insurance) Tax. When was the last Social Security tax increase? There is no specific “frequency” for how often the Social Security rate increases. Since 1990, the rate has…

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