A federal tax liability is an amount that’s owed to the government in taxes. It can include income taxes on earnings and capital gains taxes on assets. Both are based on brackets, a percentage ...

Getty Images, bymuratdeniz Business tax credits reduce a business’ tax liability and are offered to encourage businesses to engage in certain practices deemed positive by the government.

Your tax refund -- or lack of -- can tell you a lot about your finances. It may feel great to get a big tax refund, but it ...

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If you are currently employed, you probably have taxes withheld from your paycheck, meaning ... IRS requires estimated taxes to be paid quarterly, based on your expected tax liability for the ...

If you pay estimated taxes for non ... If it turns out that your tax withholding, payments, or any credits you qualify for did not cover your liability, you may need to pay the rest at tax time.

Partnerships are not subject to income tax ... liability protection while allowing them to be involved in management. Multi-member LLCs: These are taxed as partnerships by default, meaning profits ...

Capital gains are the profits you get when you sell an asset. They can be subject to either short-term or long-term tax rates, depending on how long you owned the asset. Many, or all, of the ...