Category : Tax Law : Law & Legal & Attorney

How to File an EITC

Tax Law
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The earned income tax credit (EITC) is a refundable credit designed to help low- to moderate-income workers. Since EITC is a refundable credit, many taxpayers may receive a tax refund even if they never had any federal tax withheld. However, to claim EITC, you must meet specific criteria that have

Tax Evasion Penalties

Tax Law
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Tax evasion involves the willful intent of a taxpayer to avoid paying taxes or to pay less than his rightful share of taxes. In fiscal year 2007, the United States government lost an estimated $345 billion due to tax evasion. The penalties for tax evasion range from hefty fees to prison sentences in

Tax Benefits for Inherited Houses

Tax Law
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When you receive a house as part of your inheritance, it could provide you with a free place to call home or a lump sum of cash if you sell it. When you receive a home as an inheritance, you may be able to take advantage of certain tax benefits that will lower the amount of taxes you have to pay on

Ohio Estate Tax Laws

Tax Law
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Many people try to avoid estate taxes.tax forms image by Chad McDermott from Fotolia.comAccording to the Ohio Bar Association, probate is the legal process by which a deceased person's estate is distributed to heirs, after any expenses or taxes are properly paid. Each state legislates its...

How to Adjust a W4

Tax Law
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If you end up owing the IRS a large amount when you file your taxes, or you end up with a large refund check, this usually means you need to adjust your W-4 Form. To account for changes in income, deductions or credits you plan to take, the number of allowances you claim needs to be either reduced o

Nonprofit Fundraising Laws

Tax Law
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Many nonprofits rely on donations to carry their missions.gift of money image by palms from Fotolia.comNonprofit organizations provide programs and services that fulfill a need, such as homeless shelters and health agencies, usually at little or no cost to the recipients. Since nonprofits...

Money in Tax Return If Legally Blind

Tax Law
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If you meet the requirements set forth by the Internal Revenue Service that qualifies you as blind, then you are eligible to claim an extra tax deduction. You are only eligible in the years that you qualify, however. A tax deduction reduces your tax liability, or what you owe to the IRS, but does no

Death Without a Will in Virginia

Tax Law
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If you're concerned about how your property or assets will be distributed upon your death, you should consider drafting a last will and testament. Each state has different laws concerning who may draft a will and how. In Virginia, wills and inheritance rules are covered under Title 64 of the state l