As of Oct 2010, the US unemployment rate was estimated at 9{60b248ae312512e526eead8442a0432014d54242185dbfbbd7fd7d7776b828fa}. Job loss creates tax issues and income tax returns for the unemployed are tricky. To shed light on this subject, CPA and CEO of Wealth Building CPA, Ebere Okoye, has written a new e-book, “Top 20 Tax Planning Tips for the Unemployed.”
This free eBook provides in-depth explanations of tax questions that arise for the unemployed. Questions include:
- Is Severance Pay taxable?
- If I sell other assets like stocks, bonds, and investment property, are they immediately taxable?
- What can I do if I owe taxes and cannot pay them?
- What if I withdraw money from my qualified retirement plan or IRA?
- Can I deduct any of the expenses that I have from looking for a new job?
- Is health insurance deductible?
