What are the tax implications of marriage? What are the tax implications of divorce?

Eligible taxpayers may claim the Net Deferred Tax Liability Deduction over a seven-year prior beginning with income year 2018. General Information: Effective ... When are my returns and payments due? Due dates for sales tax are based on the previous year's tax liability, as follows: Annual Tax Liability, Filing Status ... NCDOR may use such actions to collect unpaid taxes. These include attachments and garnishments, a certificate of tax liability (CTL), a jeopardy assessment, or ... The Pennsylvania personal income tax does not provide for a standard deduction or personal exemption. However, individuals may reduce tax liabilities through ... Aug 13, 2024 ... Joint and Several Liability – This arises when you file jointly with your new spouse. This means the IRS can collect a joint liability from ... If you change your organizational structure (for example, from a sole proprietorship to a corporation, a limited liability company, or a partnership), the new ... Abstract. This paper examines the role of businesses in the tax system. In addition to being taxed directly, businesses act as withholding agents and remitters ... Jan 31, 2025 ... The child tax credit allows taxpayers to reduce their federal income tax liability (the income taxes owed before tax credits are applied) by up ... This year you expect a refund of ALL federal income tax withheld because you expect to have no tax liability. Exemption from New York State and New York City ... Reductions Certain Taxpayers' Income Tax Liability. Concerning reductions to certain taxpayers' state income tax liability related to state tax law changes made ...