Taxes

Tax clearance is required if you retire, resign, or leave Malaysia for more than 3 months, and for the deceased. But how do you actually apply for a tax clearance letter (TCL) and get your last month's salary ASAP?

This information given here will help you to update your KRA PIN to iTax by logging into the iTax portal. All old PINs processed using ITMS are required to be updated to iTax.

Learn all the various advantages and disadvantages of direct taxes. This articles explains all the merits and demerits or advantages and disadvantages of direct taxes.

You can claim your girlfriend or fiancée on your taxes provided she meets certain qualifications. Here's how to do it and how much you can get back from the IRS.

There are advantages and disadvantages of car donation. Is it as easy as it sounds? How much of the car's value goes to the charitable cause? Find out the good, bad, and ugly sides of car donations.

Learn all about the differences between flat and progressive taxes. Both types have their pros and their cons and both can be successful if implemented correctly.

Certain red flags that the IRS looks for can put you at risk for a tax audit. Stay out of trouble by reporting all of your income and only taking credits and deductions that you are entitled to and can support with proper documentation or receipts for all expenses.

IRS Form 1099 is used to report income or earnings paid to you. Self-employed receive a 1099-MISC and must report it on a Schedule C. Other common Form 1099s that can be received include 1099-INT, 1099-DIV, 1099-R, 1099-B, and SSA-1099.

I used TurboTax for over 20 years for my business and personal accounts, and I'll show you what version you need to file your taxes correctly.

If you own a second home, then you want to be aware of some tax advantages that could save you money.

Taxes are confusing. Here's an overview of the earned income tax credit, including what it is, who qualifies, and the high rate of tax fraud surrounding it.

In this article, discover why you should not claim head of household on your tax return if you are not entitled to. We go over the requirements for claiming this status and the penalties for claiming it fraudulently.

A complete guide to submitting/e-filing income tax returns and wealth statements for tax years 2015, 2016, 2017, 2018, 2019 and 2020 via FBR's IRIS system. How to get NTN before submitting returns.

When you donate something that isn't straight cash, you are responsible for recording its value if you want to get a deduction for it when you file taxes for the year. This article helps you accurately determine your donation's value.

Don't let old furniture sit around and collect dust. Donate it! You will be surprised to find how easy it is to donate furniture. Many organizations pick it up for you, plus you can enjoy a nice tax deduction. Here's what you need to know.

If you are willing to pay extra for an easy, user-friendly tax experience, just follow TurboTax's advice on which version fits your needs: Basic, Deluxe, Premier, or Home & Business. But you may be able to pay less and still get your taxes done.

Did you know that your clothing donations can lead to a tax deduction? Here's how to get rid of unused clothing and save some money.

Does your dependent child collect unearned income from government benefits? Learn what you need to claim and how to do it.

If you are wondering whether your federal tax refund will be taken by the IRS as a result of debt, owed child support, or another reason, here is how you can find out.

Do you want to take advantage of financial benefits like lower taxes, business tax credits, and in-state college tuition by establishing residency in another U.S. state? Here's what to do.