Taxes : Business & Finance
Describes a sales tax holiday and how you can prepare your business for a sales tax holiday in your state.
Each year, the Internal Revenue Service chooses to reexamine certain taxpayers' tax returns, in a process known as an audit. The reasons why the IRS might find your return to be suspicious can vary, but you can take certain measures to reduce your audit risk.
Federal tax rates on salary use a progressive scale that increases as the level of net income increases. The effective tax rate on a salary can be lowered by claiming as many deductions and credits as apply. In late 2010, the federal government postponed the expiration of tax cuts from the Bush pre
Tax refund status is important for tax payers. Want a quick way to learn about a preview of your tax refund for 2010? You can check the status of your federal return after you have completed it and send it to the IRS. If you E-filed then you should be able to check the status of your return within 7
The IRS provides free tax filing online with their Free Tax program. They have partnered with major income tax software companies to give many taxpayers free preparation and filing online. It's a good way for people to get no cost assistance in preparing their federal income tax returns.
When employers can deduct meals for employees as a business expense, with a discussion of employer-provided meals as taxable to employees.
Various government entities can file tax liens on your property. If you fail to pay property taxes, the city and/or county (depending on which one assessed the tax that is past due) will place a lien on the property for the amount of the unpaid property taxes. If you fail to pay income taxes, the lo
President Obama's latest plan to save the housing market includes an $8,000 tax credit to first time home buyers. How does this affect you if you bought a home in 2008? Does the $8,000 have to be repaid? This part of the plan does not affect current homeowners who are either current on their mo
You're a modern day Good Samaritan. You regularly donate clothes to the poor, stock up the food pantry, support local and foreign missions or give your used cell phones, computers or cars to the Salvation Army. Perhaps you've even traveled hundreds of miles to help the victims of a natural disaster.
The time during your divorce is always going to be a stressful and complex one. It is virtually impossible to be fully prepared and know what you're getting into ahead of time; often, the best ...
The Internal Revenue Service (IRS) offers the Earned Income Tax Credit (EITC) to working individuals who earn low wages. The purpose of the tax credit is to reduce the amount of taxes an individual owes. You may also qualify for a refund under the the Earned Income Tax Credit program.
The fiscal tax year of 2012 is over for a lot of us and soon it would be the time to file your tax returns. Very soon we would all be rushing frantically to our ...
When you donate used clothing to a Connecticut charity, the value of your generosity may allow you to save some money on your income tax bill. However, before you even start calculating your deduction, make sure that your clothes are in good condition. The IRS doesn't allow a charitable deduction un
There are three types of tax preparers: The competent, the incompetent and the unscrupulous. The reason? Except for California, New York and Oregon there are no standardized requirements for paid tax
The word IRS itself is scary for many of us since when we have to deal with them, fear will automatically creep into our hearts. It will be much higher when we have tax issues with the IRS FBAR reporting. So are you aware of the steps that need to be taken for FBAR problems?
Tax laws are extensive and ever-changing. Sometimes these laws make preparing your annual tax return frustrating and time consuming. Because of this, each year many people take the option to pay a tax professional to prepare it for them. Although taxpayers sometimes make the mistake of assuming the
Unless you're one of very few experts, the tax code is a big mystery and a confusing mess. It's hard to learn how to prepare tax, even if you have the tax code explained to ...
Keeping copies of tax returns allows preparers to minimize problems with the IRS.tax forms image by Chad McDermott from Fotolia.comMinimum Record KeepingThe Internal Revenue Service (IRS) stipulates that tax preparers must keep return records on file for a maximum of seven years. This...
Are you watching your property taxes go up while your property value goes down?Somehow it seems that even though property values are dropping, the taxes on property are still going up.If this is the case for you, then exercise your right to the appeals process; it's a fairly simple process.