Substantial Presence Test Calculator : Test if You are US Tax Resident

Substantial presence test calculator is here to let you test if you are tax resident or not. As you know ,your tax liability under US code 26 i.e Internal Revenue Code is dependent primarily on one fact. That is whether you are resident of USA for tax purpose. There are many tests to determine US …

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Failure to Pay & File Penalty Calculator

Here is a free IRS late payment penalty and interest calculator for computing failure to pay and file penalty easily and send the detailed report to your mail ( or any one else as pdf )

Alternative Minimum Tax Calculator for 2017 & 2018

alternate minimum tax calculator

 Alternative minimum tax is automatically imposed on a taxpayer earning beyond a threshold. If you are wondering about various rules and conditions related to AMT tax , please read FAQs on Alternative Minimum Tax or AMT ? Section 55 of US Code 26 deals with the AMT and the number of  conditions  this provision contain really makes …

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Who Needs to File Tax Return ? Check This Calculator

who needs to file tax return

who needs to file tax returnAs per US Code 26 , section 6012 , every individual having for the taxable year gross income which equals or exceeds the exemption amount. So an Individual who has Gross Income of 4050 or more for Tax Year 2017 , he /she needs to file the tax return.I have created an easy calculator way to find out who really needs to file tax return to IRS as per US Code 26

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Filing Taxes Late Penalty Calculator

filing taxes late

Filing taxes late penalty calculator is based on the law under section 6651 of the US Code 26 that provides that if any taxpayer who files tax after the due date for filing of return , he/she/it will pay a penalty @ 5% per month for the period of delay. I have written in detail …

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Easy Net Investment Income Tax Calculator

Net investment income tax is a Medicare tax charged on Individuals who have income from capital gains, interest, dividend exceeding a threshold specified under the Internal Revenue Code. This extra medicare tax is known as Net Investment Income Tax (NIIT) .You should not confuse this extra Medicare tax with 0,9 % additional Medicare tax that …

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 Best Tax Tips & Calculators

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