There are a number of federal income tax standard deductions, depending on classification, such as marital status, age or disability. Discover the differences between deductions for filing single and filing jointly with help from a tax bookkeeper in this free video on tax deductions.
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Tax deductions are taken off of a person’s gross income, and the net result is the net income, which is the figure that taxes are eventually based upon. Find out how deductions are used to get the amount of taxable income down with help from a tax bookkeeper in this free video on tax deductions.
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Estate tax isn’t even an issue if the amount of the estate is less than the allowable credit, which for 2008 was $2 million. Calculate IRS estate tax deductions by adding up all of the assets of an estate with help from a tax bookkeeper in this free video on tax deductions.
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An amended tax return will need to be filed if there are changes in filing status, amount of total income or the number of deductions. Use form 1040X to file an amended tax return with help from a tax bookkeeper in this free video on filing taxes.
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A pet’s medical expenses cannot be counted as a deduction on a person's taxes unless he is a breeder. Learn about tax exceptions for seeing-eye dogs and animals for hearing impaired individuals with help from a tax bookkeeper in this free video on tax deductions.
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The types of tax software that are available for filing corporate returns include TurboTax for business, but the usefulness of such programs depends on the size of the business. Make sure that a business isn’t missing out on any tax deductions with help from a tax bookkeeper in this free video o...
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