FAQ on Tax Issues

Records of charitable contribution like donation receipts etc. are a prerequisite for allowance of tax deduction against your charity donation . In earlier post , it was explained that readers should note 7 important points related to tax…

That is a very commons question -how to do taxes ? Under Internal Revenue Code , there is a fixed procedure to compute your gross income , tax deductions, claim tax credits ,arrive at the taxable income and pay income tax as per your income…

Let us first understand the need for rollover of retirement plans. When you withdraw from   retirement plan ,you are liable to be taxed on the amount of withdrawal .You may also be subject to additional tax unless you’re eligible for one of…