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How To Calculate Federal Withholding Taxes
Federal withholding is based on your filing status, your age, and your annual income. If you are an employee whose employer is responsible for your withholding, the process begins with providing your employer with a form W-4 in January. Documents for filing taxes including...
When Are Federal Taxes Due?
Taxes, the subject everyone loves to talk about. It may be a touchy subject, but it is a necessary one. The filing of your taxes is one of the important things that you have to do every year. Some choose to do them themselves, while others prefer to leave it to the...
How Much Money Can a Retired Person Make Without Paying Taxes?
As a retired person you are allowed to earn as much as you are able to earn. However, how much you earn will decide whether you owe taxes or are exempt from taxes. Unless your only source of income is Social Security benefits you will probably pay taxes. Working with a tax...
How Much Do You Have To Make To File Taxes?
Whether or not to file taxes is a complicated question. The most important thing is how much you earn during the year. The team at Tax Crisis Institute is here to help you with your tax filing difficulties. We can answer your questions and will help you through your current tax...
What Is The Difference Between An LLC And An S Corp?
Determining whether or not your business should file as an LLC or an S corp can be difficult. First and foremost, it’s important to understand the fundamental differences between the two. Then, you can weigh your options and make an educated decision. Here are some differences...
What Are Capital Gain Taxes?
You made a sound investment in real estate or collectibles and now you’re ready to sell and reap the benefits. Unfortunately, you notice that the return is nowhere near as big as you thought it would be. This is more than likely because of the capital gains tax. Our team here...
What Are the Taxes in California
It is no secret that it is expensive to live in California. Despite the beautiful weather, expansive beaches, and breathtaking views, you will pay a pretty penny on a home, food, and even taxes. Before making any moves out west, it’s important to understand California’s cost of...
When Can I Start Filing Taxes For 2020?
Many people are still focused on the 2019 tax year. With the IRS offering an extension due to COVID-19 which gives people until July 15, 2020, to file, thinking about 2020 taxes seems so far off. But it's not too early to start planning for next year. Our team at the Tax Crisis...
How to Estimate Taxes Owed
Paying your quarterly taxes may seem like a burden you wish you could pawn off to someone else. While no one is ever excited about filing their taxes, projecting your quarterly payments correctly can actually soften your tax burden when tax season rolls around. Our team a the...
Financing or Leasing a Car: Which is Better?
Whether your current car has some wear and tear, you’re looking to upgrade the gas mileage or you want the latest and greatest technology, buying a new car is an exciting time. It’s also full of stressful decisions that will make you want to pull your hair out. One of those...