Federal Unemployment Benefits - How to Apply For Federal Unemployment Benefits? - 0 views
started by Stuart Delacruz on 13 Mar 12
started by Stuart Delacruz on 13 Mar 12
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To breeze through the tax form filling and filing you need:
1. Personal data:
a. Social security details of the family, yourself, spouse, as well as children and other dependants.
b. Child care provider: Name, address and tax ID as well as Social Security number.
c. Alimony paid: Social Security number.
2. Employment and Income:
o W-2 forms for the current year.
o Unemployment compensation: Forms 1099-G.
o Miscellaneous income including rent: Forms 1099-MISC.
o Partnership, S Corporation, & trust income: Schedules K-1.
o Pension and annuities: Forms 1099R.
o Social Security/RRI benefits: Forms RRB-1099.
o Alimony Received.
o Jury Duty Pay.
o Gambling and lottery winning.
o Prizes and Awards:
o Scholarships and fellowships:
o State and local income tax refunds: Form 1099-G.
3. Homeowner/Renter data
o Residential addresses for this year.
o Mortgage interest: Form 1098.
o Sale of your home or other real estate: Form 1099-S.
o Second Mortgage interest paid.
o Real Estate taxes paid.
o Rent paid during tax year.
o Moving expenses.
4. Financial Assets :
o Interest Income Statements: Form 1099-INT & 1099-OID.
o Dividend Income Statements: Form 1099-DIV.
o Proceeds from Broker Transactions: Form 1099-B.
o Retirement pan Distribution: Form 1099-R
5. Financial Liabilities
* Auto loans and leases (account numbers and car value) for business vehicles.
* Student loan interest paid
* Early withdrawal penalties on CDs and other time deposits
6. According to Page 87 of the IRS code, "if you receive a bribe, you must include it in your income." But what are the odds that some one who accepts a bribe will be willing to pay taxes on it?
Card Tax
Anyone who purchases a deck of cards in the state of Alabama must pay a ten-cent "card tax." However, the state law claims that the tax must be levied on the purchase of any deck containing "no more than 54 cards". So if you want to avoid the tax you can look for a deck with an extra joker.
Jock Taxes
Multiple states and local governments assess a specific tax on the income earned by athletes, and the wages they pay to non-athletic employees such as personal assistants. California was the first state to levy a jock tax in 1991, but today most states with a professional sports team impose a jock tax.
Stolen Property Taxes
Page 90 - "If you steal property, you must report its fair market value in your income in the year you steal unless in the same year, you return it to its rightful owner." Are there actually criminals out there stupid enough to go for this?
Blueberry Tax
If you live in Maine and love blueberries, you might be surprised to know that the state levies a tax on the blueberry industry. According to the law, anyone who grows, purchases, sells, handles or processes blueberries is subject to a $0.75 tax per pound.
Taxes And The IRS - Are You Paying Too Much?, Crazy Taxes Paid by Americans Around the Country, Taxes And The IRS - Are You Paying Too Much?