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Taxes : Business & Finance
How Many Months Will the IRS Allow for Delinquent Taxes to Be Paid?
If you owe taxes and cannot pay them by the tax deadline, you may be able to work out a payment arrangement with the Internal Revenue Service. The IRS will review your application and may agree to an arrangement, depending on your circumstances and whether the IRS believes it can recover the amount
Tax Tip #15 - The Many Benefits of Donating
I thought I would take a few minutes to discuss the many benefits of donating, and how I firmly believe you should factor it into your life to some degree. Let's jump right in. I think that there are three main benefits to donating, and they go in no particular order.
Tips To Help You Go The Extra Mile In Finding The Best Tax Accountant Hawthorne
If you are seeking for a professional taxation in Hawthorne to handle your tax related matters efficiently, you certainly need to ensure that you make the right choice. The qualified accountants not only assist you ...
Tips for Avoiding an IRS Audit This Tax Season
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 ...
Registered Name? Trade Name? Fictitious Name? What is the Difference?
Discusses the difference between a registered name, trade name, and fictitious name for a business, and how a business name can have a trademark.
What are the Requirements to Claim the Child Care Credit?
If you pay someone to care for your children while you work, you may qualify for the federal tax credit for child care expenses. Depending on your income and the amount you spent on child care, this credit allows you to directly reduce your taxes by as much as 35 percent of your expenses. But there
Does a Tax Extension Increase Your Chances of an Audit?
When someone says the words "tax extension" to you, do you automatically think "audit?"Maybe it's time to think again. No one outside the IRS knows for sure how the audit system really works (our money is on trained hamsters), but many CPAs believe that tax extensions actual
IRS Tax Problem - These Are Three Words You Never Wish to Hear About Your Return
The words IRS, tax and problem are a fearful set of words that no American wishes to hear about when it is referring to their income tax return. There is more sympathy found from a financial institution when you cannot pay back a loan on time.
IRS Tax Accounting for Rental Property
Rental income is one of the more complex tax entries for many taxpayers. There are different aspects of rental income and rental related expenses that one needs to consider when filing tax returns. Below are some of the rules that apply to rental income
What Does It Take To Pay Zero Taxes?
How many times have you heard someone say, "I don't pay any taxes. My accountant takes real good care of me . . . I haven't paid a dime in taxes in years."Does that outrageous statement sound familiar?Maybe it's your brother-in-law, or a fellow Soccer Mom, or a co-worker at
Interesting Charity Programs Online
It seems like you can donate anything online. There has been a link with the virtual and the real world when it comes to charities. It is important that you give careful thought to donation: ...
2009 Tax Planning
There are changes in the economy (recession), changes in the White House (new President) and, of course, changes in the tax code (more confusing)! Let's take a look at some of the things you will need to know about for your 2009 taxes.
How to Pay Back Taxes for Sheriff Sale
When the economy creates a shortage of jobs, property owners can get behind on many bills, including the mortgage and property taxes. Since local governments depend on these taxes to function, they have a right to seize a property and sell it if the taxes are delinquent. Houses are sold at public au
Understanding Your State Income Tax Refund
Knowing and understanding, what your state income tax refund or what they owe you shouldn't be all that difficult. It can sometimes be as large as a federal income refund, or it could be the opposite, it all depends on what you earn. Like the federal income, the refund can also be given to you
Tobacco Tax Policy
The federal government levies a tax on tobacco products with the aim of raising revenue and promoting the social goal of discouraging smoking. Each individual state also charges a tax on tobacco products. The federal excise tax on tobacco products is based on the size of the tobacco product and whe
Dependent Day Care FSA vs. Child Care Tax Credits
The Internal Revenue Service offers working parents two ways to reap tax savings from the cost of paying for child care while the parent or parents are at work or in school. One is the Dependent Care Flexible Savings Account (FSA), and the other is the Child Care Tax Credit. The two options are comp
Chinas Tax Avoidance Crackdown Targets Mncs
The profitability of multinational corporations (MNCs) will be the main focus of Chinese tax authorities during the annual inspection of related-party transactions in 2012, according to a recent report by Shanghai Securities News.
Key Points To Know Regarding Canada-us Taxation
Canada has joined into tax agreements with a lot of nations, but none is regarded more essential than the Canada-US tax agreement. The significance of this agreement is mostly because both the nations are nearby and there are a lot of people, or tax payers you can call them precisely, of US are resi
Are Stock Dividends Taxable?
Stock dividends are any kind of asset distribution from a company to its shareholders and are usually taxable. While most dividends are taxable and should be reported as income, different kinds of stock can receive different kinds of dividends, and different assets distributed as dividends carry sli
Free Income Tax Preparation Programs
Free tax preparation programs ease the headache of traditional tax prep.TAX TIME image by brelsbil from Fotolia.comTaxpayers across America dread the month of April, often fearing stacks of confusing papers and collections of crisscrossing calculations. Since the late 1990s, many...