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Many people wonder, is there an inheritance tax in Florida? In other words, do you owe taxes on the money you inherit when a loved one passes?
The good news is Florida is a great state to live in for the wealthy (or anyone for that matter) as there are no inheritance taxes or income taxes, but there are still factors anyone living in Florida should know when setting up their estate.
Did you get that infamous statement: Federal Tax due now?
When April 15th comes around, you can feel a tinge of anxiety in the air. That’s because there are tens of millions of people who will owe money to the IRS. Now, this is the funny thing about the Internal Revenue Service – they tend to be pretty persistent about wanting their money.
So, you really need to know what the term “Federal Tax Due” means. Knowing this term can keep you in the good graces of the IRS for at least the next 12 months.
Knowing if your Lasik surgery is tax deductible is just the first question to ask yourself.
There’s quite a bit of complexity when it comes to elective medical procedures, especially with insurance. These operations can often cost a lot out of pocket, so taking advantage of potential savings and recuperation is important.
Lasik surgery is an extremely useful procedure that can eliminate the need for glasses or contacts. This in itself can save quite a bit of money over time, but it may be able to reduce your tax burden as well.
So is Lasik tax deductible?
Trying to figure out how to file quarterly taxes can be tough. I get it!
Being your own boss has amazing perks. You set your own hours, create your own rules, and the sky is the limit in how much you earn. But, there’s a downside – you’re also responsible for paying your own taxes.
Since you don’t work for an employer who would take your taxes out of each paycheck, you must send your tax payments to the IRS yourself, quarterly.
It’s a big responsibility, but once you get the hang of paying quarterly taxes, it becomes just another business chore you must handle.
Here’s what you must know.
While you’re out enjoying yourself around town, you may have noticed a “PIF Tax Fee” on your receipt.
PIF stands for Public Improvement Fee and believe it or not, it’s not a tax. PIF is a fee that is paid directly to the owner of the land or developer of a property and it’s not collected by the government like most people assume it is.
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