tenquestion.com - A Tax Guide That Saves You Money !

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 )

Federal tax returns and extensions have to be filed by midnight your local time on the normal due date of the return, i.e  April 17, 2018. It may just happen that your e-filed 1040 return or an extension is rejected by IRS before the…

Despite newly-enacted restrictions on home mortgages under the Tax Cuts & Jobs Act , you  can still deduct interest on a home equity loan, home equity line of credit (HELOC) or second mortgage. This is so , because the restriction under…

The Final Notice of Intent to Levy is a warning notice in advance to you by which IRS makes its intention clear that they are considering sending a levy to your employer or bank or even taking your personal property or real estate. The…

Capital gains calculator will help you to estimate tax on long term capital gains or short term capital gains

Form 944 is a great step to reduce the compliance burden for the smallest employers. As you must be aware that an employer is required to withhold taxes from employee wages, then file and deposit the payroll taxes. After that, company…

IRS interest calculator helps you compute the interest on the outstanding amount of tax as on due date. As you know the filing extension does not mean the extension of time to pay

When you earn income by providing services inside the U.S., section 1441 of the Internal Revenue Code lays down that payer needs to withheld tax from payments made to foreign vendors unless the income is exempt under a tax treaty between…

What is backup withholding?  is a good and common question for many. It is nothing but the tax deduction at source by the payer off certain kinds of payments. Under the Internal Revenue Code, persons making certain payments are required to…

Can a self employed Individual claim health insurance deduction from taxable income? The answer is definitely yes. Anyone who has self-employment income can claim health insurance deduction, not only for the premium paid for himself but for…