How to Calculate Net Income Tax Liability

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Tip 1 - Tax Policy Calculator

Published: 9 years, 7 month(s) ago | Submitted by Funk Lord | permalink

For further reading: http://interactive.taxfoundation.org/taxcalc/ ^[1]

Tip 2 - How to Compute Net Tax Liability for Form 8854

Published: 9 years, 7 month(s) ago | Submitted by Chad Lawler | permalink

When you give up your U.S. citizenship (or green card), there are tax consequences. The tax consequences are benign (paperwork only) or malignant (paperwork and actual taxes to pay) dependent on wh...

For further reading: http://hodgen.com/how-to-compute-net-tax-liability-for-form-8854/ ^[2]

Tip 3 - How to Calculate Taxable Income & Tax Liability

Published: 9 years, 7 month(s) ago | Submitted by Joao Bernini | permalink

Calculating your taxable income and tax liability as a small business can be a bit challenging. Most small businesses are set up as limited liability companies (LLCs) or partnerships, or another type ...

For further reading: http://smallbusiness.chron.com/calculate-taxable-income-tax-liability-14420.html ^[3]

Tip 4 - Tax Liability Definition | Investopedia

Published: 9 years, 7 month(s) ago | Submitted by Lucifur Fox | permalink

The total amount of tax that an entity is legally obligated to pay to an authority as the result of the occurrence of a taxable event. Tax liability can be calculated by applying the appropriate tax rate to the taxable event's tax base. Taxable events include, but are not limited to, annual income, the sale of an asset, a fiscal year-end or an inheritance.
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For further reading: http://www.investopedia.com/terms/t/taxliability.asp ^[4]