http://www.tax-questions.net http://www.tax-questions.net Tax Questions is a resource website for taxpayers. When it comes to tax codes, tax laws and the IRS, most taxpayers have questions, usually more than one. Most of the tax questions are not easily answered by reading IRS guides, IRS instruction booklets or IRS tax publications. http://www.tax-questions.net http://www.tax-questions.net/tax-payment-questions/do-i-have-to-pay-underpayment-tax-penalty.html There are exceptions to the underpayment penalty. http://www.tax-questions.net/tax-payment-questions/do-i-have-to-pay-underpayment-tax-penalty.html http://www.tax-questions.net/tax-payment-questions/how-to-pay-estimated-tax.html There are 5 ways to pay estimated tax to the IRS. Below is a list of the different ways to pay estimated tax. http://www.tax-questions.net/tax-payment-questions/how-to-pay-estimated-tax.html http://www.tax-questions.net/tax-payment-questions/how-much-do-i-have-to-earn-before-pay-tax.html For most taxpayers, the table below shows how much they have to earn before they need to pay tax. http://www.tax-questions.net/tax-payment-questions/how-much-do-i-have-to-earn-before-pay-tax.html http://www.tax-questions.net/tax-payment-questions/do-i-have-to-pay-income-tax.html Depending on your circumstances, you may or may not have to pay income tax. In order to establish if you have to pay income tax or not, you first have to establish if you have to file income tax return to the IRS and your state or local governments or not. http://www.tax-questions.net/tax-payment-questions/do-i-have-to-pay-income-tax.html http://www.tax-questions.net/tax-payment-questions/index.html Below are questions about paying taxes. http://www.tax-questions.net/tax-payment-questions/index.html http://www.tax-questions.net/irs-questions/how-to-get-a-copy-of-my-income-tax-return-from-the-irs.html From time to time, taxpayers have reasons to get a copy of their income tax returns from the IRS. Most people save a copy of their tax return before filing with the IRS but if you happen to lose your copy of your tax return, you can get a copy from the IRS. Below is how to get a copy of your income tax return from the IRS. http://www.tax-questions.net/irs-questions/how-to-get-a-copy-of-my-income-tax-return-from-the-irs.html http://www.tax-questions.net/irs-questions/do-i-need-to-change-my-address-with-the-irs.html People often ask if they need to change their addresses with the IRS. The truth is there is no law to say that you must tell the IRS your new address when you move. http://www.tax-questions.net/irs-questions/do-i-need-to-change-my-address-with-the-irs.html http://www.tax-questions.net/irs-questions/how-could-i-change-the-address-from-my-irs-taxes.html Whenever you move, it is in your best interest to let the IRS know of your current address. To change the address with the IRS for tax purposes, you need to file the IRS tax form 8822, Change of Address, with the IRS. http://www.tax-questions.net/irs-questions/how-could-i-change-the-address-from-my-irs-taxes.html http://www.tax-questions.net/irs-questions/what-are-the-limitations-on-refunds.html If a taxpayer believes that an overpayment of Federal income tax was made, a claim for refund should be filed with the IRS. http://www.tax-questions.net/irs-questions/what-are-the-limitations-on-refunds.html http://www.tax-questions.net/irs-questions/how-long-do-you-have-to-keep-irs-records.html Because of the statute of limitations, the IRS can audit your tax return filed in the previous years. Therefore, you have to keep IRS records for years even after you have filed tax returns for those years. http://www.tax-questions.net/irs-questions/how-long-do-you-have-to-keep-irs-records.html http://www.tax-questions.net/irs-questions/what-are-the-irs-penalties.html The IRS assesses penalties on various tax returns for noncompliance of the tax laws. Below are common IRS penalties. http://www.tax-questions.net/irs-questions/what-are-the-irs-penalties.html http://www.tax-questions.net/irs-questions/what-are-the-irs-interest-rates.html The interest rates that the IRS charges are determined quarterly by the IRS based on the existing federal short term rate. http://www.tax-questions.net/irs-questions/what-are-the-irs-interest-rates.html http://www.tax-questions.net/irs-questions/how-much-are-irs-penalties.html There are many reasons why the IRS may assess interests and penalties on a tax return. In addition to interest, the tax laws provides various penalties for lack of tax law compliance. http://www.tax-questions.net/irs-questions/how-much-are-irs-penalties.html http://www.tax-questions.net/irs-questions/what-are-the-types-of-irs-audits.html There are a few types of IRS audits. Most of the IRS audits are not as bad as people make them out to be. The three types of IRS audits are: correspondence audit, office audit and field audit. http://www.tax-questions.net/irs-questions/what-are-the-types-of-irs-audits.html http://www.tax-questions.net/irs-questions/what-are-irs-audit-flags.html Below are some of the audit flags that can prompt the IRS to take a look at your tax return. http://www.tax-questions.net/irs-questions/what-are-irs-audit-flags.html http://www.tax-questions.net/irs-questions/who-are-most-likely-to-get-audited.html The following groups of people are most at risk to get audited by the IRS. These groups of taxpayers are subject to IRS audits much more frequently than other taxpayers. http://www.tax-questions.net/irs-questions/who-are-most-likely-to-get-audited.html http://www.tax-questions.net/irs-questions/how-to-avoid-an-audit.html Most people want to avoid an audit by the IRS. Fortunately, because of a limited budget, the IRS can only afford to audit a small number of tax returns. http://www.tax-questions.net/irs-questions/how-to-avoid-an-audit.html http://www.tax-questions.net/irs-questions/when-did-the-irs-form.html The IRS itself was not formed until 1953 in a Treasury Decision. However, the idea of the IRS and even the name IRS was used before that date during the Civil War and there after. http://www.tax-questions.net/irs-questions/when-did-the-irs-form.html http://www.tax-questions.net/irs-questions/when-was-the-irs-started.html The IRS started during the Civil War. However the name used was not the IRS at the time. In July 1862, President Lincoln and Congress created the office of Commissioner of Internal Revenue, the Revenue Act of 1862. http://www.tax-questions.net/irs-questions/when-was-the-irs-started.html http://www.tax-questions.net/irs-questions/irs-income-tax.html What people loosely refer to as the IRS income tax is the federal income tax as opposed to state income tax or city income tax. Every income earners need to pay the IRS income tax every year. The tax filing deadline for filing the IRS income tax is usually April 15th for most taxpayers. Below are some frequently asked questions about the IRS income tax. http://www.tax-questions.net/irs-questions/irs-income-tax.html http://www.tax-questions.net/irs-questions/index.html Below are IRS questions or tax questions relating to the IRS (Internal Revenue Service). Most people dread the idea of having to face the IRS. An IRS audit is daunting so you want to be as prepared as possible when filing their tax returns or when having to correspond with the IRS. Knowing basic answer to IRS questions will help a long way. http://www.tax-questions.net/irs-questions/index.html http://www.tax-questions.net/income-tax-questions/estimated-tax-penalty.html You will have to pay estimated tax penalty for underpayment of estimated tax. for not paying estimated taxes, for late payment of estimated tax, and for not filing estimated tax payment forms. http://www.tax-questions.net/income-tax-questions/estimated-tax-penalty.html http://www.tax-questions.net/income-tax-questions/estimated-taxes-for-self-employed.html Below are questions about estimated taxes for the self employed sole proprietors. Many self employed tax payers are in businesses that have uneven or seasonal income throughout the year. http://www.tax-questions.net/income-tax-questions/estimated-taxes-for-self-employed.html http://www.tax-questions.net/income-tax-questions/when-to-pay-estimated-taxes.html Estimated tax payments are due quarterly. Below are the dates that you must make estimated tax payments by for most taxpayers whose tax year begins on January 1. http://www.tax-questions.net/income-tax-questions/when-to-pay-estimated-taxes.html http://www.tax-questions.net/income-tax-questions/joint-estimated-taxes.html Sometimes a taxpayer and his or her spouse can pay joint estimated taxes instead of making separate estimated tax payments. Below are the rules for making joint estimated tax payments. http://www.tax-questions.net/income-tax-questions/joint-estimated-taxes.html http://www.tax-questions.net/income-tax-questions/tax-on-proceeds-from-life-insurance.html See also Federal Income Tax on Life Insurance. Below is an example of how the federal income tax on life insurance proceeds work. http://www.tax-questions.net/income-tax-questions/tax-on-proceeds-from-life-insurance.html http://www.tax-questions.net/income-tax-questions/federal-income-tax-on-life-insurance.html What is the federal income tax on life insurance proceeds? Most people wonder if they have to pay federal income tax on life insurance proceeds. http://www.tax-questions.net/income-tax-questions/federal-income-tax-on-life-insurance.html http://www.tax-questions.net/income-tax-questions/what-are-nondividend-distributions-of-a-stock.html What are Nondividend stock distributions? A nondividend distribution of a stock is a distribution that is not paid out of the earnings and profits of a corporation, like dividends are. http://www.tax-questions.net/income-tax-questions/what-are-nondividend-distributions-of-a-stock.html http://www.tax-questions.net/income-tax-questions/what-are-capital-gain-distributions.html Capital gain distributions are also called capital gain dividends are not capital gains as referred to when a capital asset is sold for profit. http://www.tax-questions.net/income-tax-questions/what-are-capital-gain-distributions.html http://www.tax-questions.net/income-tax-questions/who-do-not-have-to-pay-estimated-tax.html A lot of people do not have to pay estimated tax. There are a few ways to avoid paying estimated tax. http://www.tax-questions.net/income-tax-questions/who-do-not-have-to-pay-estimated-tax.html http://www.tax-questions.net/income-tax-questions/who-must-pay-estimated-tax.html Not everyone must pay estimated tax. The following people must pay estimated tax. If you had a tax liability for the tax year you may have to pay estimated tax the following calendar year. http://www.tax-questions.net/income-tax-questions/who-must-pay-estimated-tax.html http://www.tax-questions.net/income-tax-questions/how-long-to-keep-tax-records.html How long to keep tax records for is a very frequently asked question. Taxpayers don't want to get into trouble with the IRS and be unprepared in an IRS audit. http://www.tax-questions.net/income-tax-questions/how-long-to-keep-tax-records.html http://www.tax-questions.net/income-tax-questions/income-tax-help.html The tax laws are complicated and can be difficult to interpret or understand. Whenever you have problem with tax filing, there are many organizations that can offer your income tax help. There are even organizations that can help you fight the IRS in tax cases. The IRS themselves offer many forms of income tax help throughout the year but more a few months leading to the income tax filing due date. http://www.tax-questions.net/income-tax-questions/income-tax-help.html http://www.tax-questions.net/income-tax-questions/index.html Below are income tax questions to help taxpayers understand how to file their income tax returns. http://www.tax-questions.net/income-tax-questions/index.html http://www.tax-questions.net/tax-return-questions/qualifying-widow-or-widower.html Qualifying widow or qualifying widower with dependent child is the last of the tax filing status allowed by the IRS. http://www.tax-questions.net/tax-return-questions/qualifying-widow-or-widower.html http://www.tax-questions.net/tax-return-questions/who-is-head-of-household.html Head of household is another great tax filing status to qualify for. So, who is considered head of household by the IRS definition? What is head of household tax filing status? http://www.tax-questions.net/tax-return-questions/who-is-head-of-household.html http://www.tax-questions.net/tax-return-questions/rules-for-filing-married-filing-separately.html If you are legally married, you can choose to file your tax return as a married filing separately taxpayer or a married filing jointly taxpayer. Any married person can file as married filing separately if he or she chooses to. http://www.tax-questions.net/tax-return-questions/rules-for-filing-married-filing-separately.html http://www.tax-questions.net/tax-return-questions/rules-for-filing-married-filing-jointly.html When you are married without any dependents, then you have the choice of filing your tax return as a married couple filing jointly or married filing separately. http://www.tax-questions.net/tax-return-questions/rules-for-filing-married-filing-jointly.html http://www.tax-questions.net/tax-return-questions/single-tax-filing-status.html Single is one of the 5 tax filing status. When you prepare your tax return, you need to choose your tax filing status. So, what is the definition of "single" for tax filing status? http://www.tax-questions.net/tax-return-questions/single-tax-filing-status.html http://www.tax-questions.net/tax-return-questions/index.html Each year, individuals, corporations and businesses file tax returns. Most people still dread tax filing time because they don't understand certain things about their tax returns or how to file tax return properly. http://www.tax-questions.net/tax-return-questions/index.html http://www.tax-questions.net/tax-deduction-questions/claiming-taxes-sensaria-home-business.html If you are a Sensaria representative, you should learn about claiming taxes on Sensaria home business. There are many tax incentives for people to start a home based business. http://www.tax-questions.net/tax-deduction-questions/claiming-taxes-sensaria-home-business.html http://www.tax-questions.net/tax-deduction-questions/when-can-i-deduct-the-use-of-home-office.html Do you use a home office for your business? To qualify as a home office, your office must be used regularly and exclusively as one of these. http://www.tax-questions.net/tax-deduction-questions/when-can-i-deduct-the-use-of-home-office.html http://www.tax-questions.net/tax-deduction-questions/how-to-reduce-income-taxes.html There are many ways to reduce income taxes. http://www.tax-questions.net/tax-deduction-questions/how-to-reduce-income-taxes.html http://www.tax-questions.net/tax-deduction-questions/index.html If you want to get tax refunds or lower your tax liability, then you can either find tax credits to claim or find tax deductions to lower your taxable income. Below are tax deduction questions. http://www.tax-questions.net/tax-deduction-questions/index.html http://www.tax-questions.net/tax-preparation-questions/how-to-prepare-my-tax-for-free.html There are many ways to prepare your tax return for free. First of all, each year from the beginning of February through April 15, the AARP, tax aide, or other tax preparation assistance programs offer tax preparation help for people who need them, with the emphasis on elderly taxpayers and low income taxpayers. http://www.tax-questions.net/tax-preparation-questions/how-to-prepare-my-tax-for-free.html http://www.tax-questions.net/tax-preparation-questions/what-do-i-need-to-find-tax-credits.html Below are the forms and documents that will help you determine what tax credits you are entitled to claim. The most tax credits you can claim from the IRS the lower your tax bills and the more you will be likely to get back from the IRS. http://www.tax-questions.net/tax-preparation-questions/what-do-i-need-to-find-tax-credits.html http://www.tax-questions.net/tax-preparation-questions/what-do-i-need-to-find-tax-deductions.html Below are useful forms and documents you should have handy when trying to find all the tax deductions and tax adjustments to lower your tax bills. http://www.tax-questions.net/tax-preparation-questions/what-do-i-need-to-find-tax-deductions.html http://www.tax-questions.net/tax-preparation-questions/who-can-prepare-tax-returns.html Many taxpayers ask who can prepare tax returns? The answer is that anyone can prepare tax returns. http://www.tax-questions.net/tax-preparation-questions/who-can-prepare-tax-returns.html http://www.tax-questions.net/tax-preparation-questions/what-types-of-documents-should-help-prepare-tax-return.html When doing taxes, there are a lot of documents that you need to have in order to prepare your tax return and there are useful documents that you don't need but will help you prepare your tax return. http://www.tax-questions.net/tax-preparation-questions/what-types-of-documents-should-help-prepare-tax-return.html http://www.tax-questions.net/tax-preparation-questions/how-to-prepare-income-tax.html If you are new to tax preparation, know that there is a big market out there for tax preparation. There are many ways to prepare income tax. http://www.tax-questions.net/tax-preparation-questions/how-to-prepare-income-tax.html http://www.tax-questions.net/tax-preparation-questions/my-taxes-are-straightforward-should-i-do-them-myself.html Some tax returns are very straightforward and if you feel comfortable doing your own taxes, then there is no reason why you should not do your taxes yourself. http://www.tax-questions.net/tax-preparation-questions/my-taxes-are-straightforward-should-i-do-them-myself.html http://www.tax-questions.net/tax-preparation-questions/what-to-have-when-doing-taxes.html Below is the list of information and documents you need to have when doing taxes. If you go to a tax preparer such as H&R Block, Jackson Hewitt or Liberty Tax Service, they will ask you to bring the following tax items. http://www.tax-questions.net/tax-preparation-questions/what-to-have-when-doing-taxes.html http://www.tax-questions.net/tax-preparation-questions/how-accurate-are-accountants-when-preparing-tax-forms.html A lot of taxpayers think that just because they go to accountants, their tax returns are correctly prepared and that they are not liable for any mistakes on their tax returns. This is a huge misconception. http://www.tax-questions.net/tax-preparation-questions/how-accurate-are-accountants-when-preparing-tax-forms.html http://www.tax-questions.net/tax-preparation-questions/index.html Below are tax preparation questions. Each year, the majority of individuals and businesses need to prepare and file their tax returns. Tax preparation is not as hard as people think it is and below are questions about tax preparation that will help taxpayers prepare and file their tax returns. http://www.tax-questions.net/tax-preparation-questions/index.html http://www.tax-questions.net/tax-filing-questions/how-to-file-taxes-for-mary-kay-consultants.html Nowadays, consultants such as Mary Kay consultants make quite a bit of income to need to file their tax returns with the IRS. However, many Mary Kay consultants do not know how to file taxes for Mary Kay consultants and many do not want to hire a CPA or tax preparer to help them. http://www.tax-questions.net/tax-filing-questions/how-to-file-taxes-for-mary-kay-consultants.html http://www.tax-questions.net/tax-filing-questions/tax-extension-for-corporation.html Filing for a tax extension for corporation, what IRS tax form to use to file tax extension for corporation? If you need a tax extension for your corporation, you can file the tax form 7004, Application for Automatic Extension of Time to File Corporation Income Tax Return. http://www.tax-questions.net/tax-filing-questions/tax-extension-for-corporation.html http://www.tax-questions.net/tax-filing-questions/how-long-are-tax-extensions-good-for.html When you file the tax form 4868, Application for Automatic Extension of Time to File US Individual Income Tax Return, you are given an automatic 4 months of extension to file your tax return. http://www.tax-questions.net/tax-filing-questions/how-long-are-tax-extensions-good-for.html http://www.tax-questions.net/tax-filing-questions/where-do-i-file-taxes-for-free.html If you are looking to paper file your taxes then there is no charge. You can send in your prepared tax return (Form 1040 with additional schedules and forms) to the IRS free of charge. http://www.tax-questions.net/tax-filing-questions/where-do-i-file-taxes-for-free.html http://www.tax-questions.net/tax-filing-questions/who-can-file-taxes-for-free-in-2007.html Every year, certain low income taxpayers can e-file for free. Note that the free e-file offer is only valid for federal tax returns. Even with low income, you may have to pay a small amount to e-file your state tax returns. http://www.tax-questions.net/tax-filing-questions/who-can-file-taxes-for-free-in-2007.html http://www.tax-questions.net/tax-filing-questions/what-do-i-need-to-file-my-tax-return.html Filing a tax return usually means filing federal tax return and state tax returns. Both state and federal tax returns often need you to have the same type of documents to back up your income reporting and expenses as well as credits and deductions you are claiming. http://www.tax-questions.net/tax-filing-questions/what-do-i-need-to-file-my-tax-return.html http://www.tax-questions.net/tax-filing-questions/filing-tax-for-deceased-person.html The answer to the question about filing tax for deceased person below answers questions about Filing income tax for a deceased father. http://www.tax-questions.net/tax-filing-questions/filing-tax-for-deceased-person.html http://www.tax-questions.net/tax-filing-questions/what-is-the-mininum-income-to-not-filke-income-taxes.html If you don't make much money, then you do not need to file income taxes. The minimum income to not file inocme taxes are below. http://www.tax-questions.net/tax-filing-questions/what-is-the-mininum-income-to-not-filke-income-taxes.html http://www.tax-questions.net/tax-filing-questions/when-don't-you-have-to-file-income-tax-return.html Consider the table of gross income thresholds below, if you make less than the gross income levels in the last column then you are not required to file income tax return. http://www.tax-questions.net/tax-filing-questions/when-don't-you-have-to-file-income-tax-return.html http://www.tax-questions.net/tax-filing-questions/do-i-need-to-file-a-tax-return.html Under certain circumstances, a taxpayer does not need to file a tax return. Depending on your tax filing status and the amount of money (gross income) you make, you may need to file a tax return. http://www.tax-questions.net/tax-filing-questions/do-i-need-to-file-a-tax-return.html http://www.tax-questions.net/tax-filing-questions/what-is-the-deadline-date-for-tax-extensions.html Usually the due date for filing tax returns for most people is April 15 of the calendar year following the tax year. http://www.tax-questions.net/tax-filing-questions/what-is-the-deadline-date-for-tax-extensions.html http://www.tax-questions.net/tax-filing-questions/when-are-taxes-due.html Taxes are due on April 15 of the following year for most people. http://www.tax-questions.net/tax-filing-questions/when-are-taxes-due.html http://www.tax-questions.net/tax-filing-questions/when-do-you-have-to-file-taxes.html Not everyone has to file taxes. Below are situations when you will have to file your taxes. http://www.tax-questions.net/tax-filing-questions/when-do-you-have-to-file-taxes.html http://www.tax-questions.net/tax-filing-questions/when-to-file-taxes-married-filing-separately.html There are many reasons why a taxpayer may want to file taxes as married filing separately. First of all, you have to be married to file your tax return using the married filing separately tax filing status. http://www.tax-questions.net/tax-filing-questions/when-to-file-taxes-married-filing-separately.html http://www.tax-questions.net/tax-filing-questions/when-can-i-file-my-taxes.html You can file your taxes any time between the time the IRS opens up for receiving tax returns and the deadline for filing tax returns which, for most people it, is April 15 of the following calendar year. http://www.tax-questions.net/tax-filing-questions/when-can-i-file-my-taxes.html http://www.tax-questions.net/tax-filing-questions/when-to-file-income-taxes.html You can start filing your income taxes as early as January 11 the following tax year. So, if you are filing for the tax year 2007, you can start filing your 2007 taxes as early as January 11, 2008. http://www.tax-questions.net/tax-filing-questions/when-to-file-income-taxes.html http://www.tax-questions.net/tax-filing-questions/how-early-can-you-file-your-2007-income-tax-return.html you can file your 2007 income tax return as early as January 11, 2008. If you try to send your 2007 income tax return to the IRS electronically, you will find that your 2007 income tax return will not be accepted by the IRS. http://www.tax-questions.net/tax-filing-questions/how-early-can-you-file-your-2007-income-tax-return.html http://www.tax-questions.net/tax-filing-questions/when-can-i-start-filing-my-2007-income-tax-return.html You can start filing your 2007 income tax return from January 11, 2008. January 11, 2008 is the first day the IRS starts accepting tax returns. http://www.tax-questions.net/tax-filing-questions/when-can-i-start-filing-my-2007-income-tax-return.html http://www.tax-questions.net/tax-filing-questions/index.html Below are tax filing questions. Not everyone needs to file tax returns and questions below will help taxpayers determine if they need to file their tax returns. http://www.tax-questions.net/tax-filing-questions/index.html http://www.tax-questions.net/tax-questions/what-is-tax-planning.html Tax planning is the method of organizing and planning your financial affairs so that your tax liability is as low as possible. http://www.tax-questions.net/tax-questions/what-is-tax-planning.html http://www.tax-questions.net/tax-questions/what-is-tax-planning-tax-avoidance-and-tax-evasion.html Tax planning, tax avoidance and tax evasion are often referred to side by side. Let's examine what tax planning, tax avoidance and tax evasion are. http://www.tax-questions.net/tax-questions/what-is-tax-planning-tax-avoidance-and-tax-evasion.html http://www.tax-questions.net/tax-questions/what-does-irs-stand-for.html The IRS stands for Internal Revenue Service. http://www.tax-questions.net/tax-questions/what-does-irs-stand-for.html http://www.tax-questions.net/tax-questions/what-is-the-statute-of-limitations.html Below is the definition of the Statute of Limitation as well as information concerning the statute of limitation. http://www.tax-questions.net/tax-questions/what-is-the-statute-of-limitations.html http://www.tax-questions.net/tax-questions/what-are-the-different-types-of-taxes.html Below is a list of different types of taxes in the USA. There are many types of taxes in this country and even more types of taxes are proposed. Some types of taxes are federal taxes only while others are also state taxes and local taxes. Different types of taxes have different tax rates. http://www.tax-questions.net/tax-questions/what-are-the-different-types-of-taxes.html http://www.tax-questions.net/tax-questions/index.html Below are general tax questions and answers such as what different types of taxes are in the US as well as how to questions about taxes. http://www.tax-questions.net/tax-questions/index.html