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Many Fortune 500 Firms Pay Less in Income Taxes Than You
It's widely known that millionaires and billionaires pay taxes at a lower rate than those of us who make much less. But did you know that... read more »
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How Cuts to State Taxes Could Hit Voters in the Wallet
Several states are currently weighing plans to phase out state income tax; the aftermath of similar policies in other states suggests that these... read more »
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California City Hit With $2 Million 'Parking Ticket'
Faced with the prospect of becoming the biggest municipal bankruptcy in U.S. history, Stockton, Calif., decided on a novel gambit: They just... read more »
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Tax News
By Rich Smith, The Motley Fool
TurboTax Articles
When you use the funds from a Health Savings Account (HSA), or a medical savings account (MSA) such as an Archer MSA or Medicare MSA, the institution that administers the account must report all distributions on Form 1099-SA.
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Citizens or residents of the United States can file a tax return on Form 1040, 1040A or 1040EZ. It has some limitations that may change the amount of tax you?ll have to pay, or the potential size of your tax refund.
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The Schedule D form is what most people use to report capital gains and losses that result from the sale or trade of certain property during the year.
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If you engage in a short sale or your mortgage lender forecloses on your home, there are some important tax implications that you'll want to consider.
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If you receive tax form 1099-MISC for services you provide to a client as an independent contractor and the annual payments you receive total $600 or more, you'll need to file your taxes a little differently than a taxpayer who only receives regular employment income reported on a W-2.
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