General Tax Information

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Is California Pension Income Taxable Outside California?

Failing to file a tax return or pay taxes when they're due can trigger stiff penalties. Unfortunately, variations in tax laws between the states can make it difficult to figure out where you have to file, especially if you receive income from a state you no longer live in. While ...

What Does SDI Stand for on W2 Tax Forms?

SDI stands for state disability insurance, which pays a portion of your salary if you experience a non-work-related illness, injury, pregnancy or childbirth. Only a few states require that employers carry the insurance, and either you, your employer or both parties may pay the ...

Can Someone Who Hasn't Worked Get a Tax Refund?

Typically, you get a tax refund because your income tax withholding from your paycheck exceeds your taxes due. But, even if you haven't worked, it's possible that you can get a tax refund, depending on your circumstances. For example, you might have paid estimated taxes on your ...

If My Job Did Not Take Out Federal Income Taxes, Does That Mean I Pay?

The first time you look at your pay stub and realize that your employer isn’t withholding federal and state income taxes from your paycheck, it might seem like a tiny windfall. While it may mean more pocket cash in the short term, the mistake in withholding may come around to ...

What If I Forgot to Include My Check With My Taxes?

Forgetting to send anything to the Internal Revenue Service -- especially money -- can cause just about anyone to panic. However, the IRS does allow you to send your check separate from your tax return. You’ll include a payment voucher with your check so the IRS can process your ...

Does Using a Good Accountant Lower the Odds of a Tax Audit?

Having an experienced tax accountant advise you and prepare your annual returns usually reduces your chances of facing an Internal Revenue Service audit. Be aware that there are many "good" accountants who have little tax experience. To lower your odds of an IRS audit, be sure ...

Which States Don't Have State Income Taxes?

Most taxpayers must pay a state income tax as well as federal income tax on their earnings. But people who live and work in nine particular states don’t have to worry about paying state income taxes on their earnings because these states don’t tax their pay. While that may seem ...

Is There a Gift Tax When Putting a Relative as a Co-Owner of a Mutual Fund?

When you put a relative's name on a mutual fund with yours, you're giving him a gift. To the Internal Revenue Service, you just gave that person half of your mutual fund account. This doesn't necessarily mean you have to pay gift tax, though. The laws concerning gift taxes are ...

Do I Declare a Dividend on a Tax Return if It Is a DRIP?

Dividend reinvestment plans offer the convenience of automatically reinvesting any cash dividends paid by the company in new shares without you having to touch the money. However, just because you don't receive the money in your bank account first doesn't mean you don't have to ...

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