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Taxes : Business & Finance
IRS Tax Audits Attorney - How to Deal With An IRS Tax Audit
There is no need to panic upon receiving notice from the IRS that you are being audited. A few selected taxpayers, usually randomly are audited every year. It does not necessarily mean that you have not paid your taxes nor done something wrong. Statistical tools are sometimes used by the IRS to pick
Can I Deduct Parking Expenses on My Taxes?
Parking spots can cost tens of thousands of dollars in heavily populated metropolitan areas such as New York City, so claiming these on your taxes could save you a significant amount of money. However, you usually can't deduct your parking costs, even if they're part of your commute to work. In gene
IRS Issues - Stay Out of Trouble, Get the Facts on IRS Medical Deductions
Confusing: IRS procedures are confusing. IRS Publication 502 covers medical expenses. It has over 100 topics covered. So how can you easily find out who to claim medical deductions on? It's broken down in this article.
Accountants & Tax Return Preparation
The most frequently asked question of accountants is, "What do you do after April 15?" The truth is that accountants are kept busy year-round with many different types of tax returns. There are returns or payments due on a monthly or quarterly basis. Failure to keep up with these requirements can en
How to Withhold Federal Taxes on an Annual Payment
Receiving an additional income stream is always nice, but the tax ramifications for this can be complex. You cannot simply specify tax withholding on this income as if it were all you were getting. This additional income may push you into a higher tax bracket, which affects the taxation of all of yo
Best Guide on How to Buy Tax Liens Certificates and Tax Deeds
So you want to know how to buy tax lien certificates and tax deeds? Well the first question you should want to know is... is this type of real estate investing profitable? I will sum it up by saying you will either get the property or get the interest money. In most cases it's a no brainer you
How to Find My E-file PIN
Filing a tax return must be accomplished each year by April 15th. Previously, the forms had to be filled out by hand and mailed in. But with the advent of the Internet, the IRS now allows for electronic filing. Some companies -- such as TurboTax -- even offer free individual filing applications. Thi
IRS and Private Debt Collectors
The terror of most Americans is to be hunted by the IRS for overdue taxes. Well, the terror has evolved a bit as the IRS is now using private debt collectors to do much of the work.
AMT Case Study: Vice President Biden's 2009 Tax Return
As has become customary, the President and the Vice President have released their recently-filed tax returns. You can find these tax returns on the White House blog by doing a search for 'tax returns.
Introduction of Self-assessment of Goods under Customs
In the Budget 2011 the Finance Minister has introduced Self-assessment in Customs for export as well as for import of Goods. In this piece we have discussed the changes to be made for introducing Self
About Federal Income Tax Deducted From Your Paycheck
The federal government requires that you pay estimated taxes on your income as you earn it rather than in one large payment when you file your tax return. Most people satisfy this requirement through having their employers withhold money from their paychecks.
Things That Can Be Declared for a Tax Credit
If you're like most Americans, you're always on the lookout for ways to reduce the amount of income taxes you owe. Two of the most common tools for reducing taxes are deductions and credits. Deductions reduce your taxable income, while credits reduce what you owe in taxes. Depending on your situatio
How to File Late Tax Returns in California
California imposes a progressive income tax with six rates, ranging from 1 percent to 9.3 percent. The state charges an additional 1 percent on taxable income of $1 million or more. Personal income tax has been the largest contributor to the state's general fund for years, comprising nearly 50 perce
Documentation Need to Claim the Residential Energy Tax Credit
U.S. homeowners can still receive federal tax credits when they make energy efficient home improvement purchases as of 2011, but they must keep detailed records of purchases and installation costs in case the Internal Revenue Service, or IRS, decides to audit their tax return, according to Energy St
Do You Have to Pay Inheritance Tax on 401K?
A 401(k) is a retirement account set up by a business for its employees. The employee doesn't pay income tax on money deposited in a 401(k). She pays only when she makes withdrawals, and some firms will contribute money to the account, making it an even better deal. If you're named as the beneficia
Tax Relief Services - Get the Help you need to Fight the IRS
Learn more about finding the best Tax Relief Services for you. Learn more about finding the best Tax Relief Services for you.
Is It Worth Having a Small Business to Save Taxes?
It is probably not worth having a small business strictly to save money on your taxes. In fact, you might even find yourself paying additional taxes if your small business earns a profit. In addition, small businesses can involve a substantial amount of work. You might be better off simply taking an
Get Us Tax Recovery On Casino Tax Through The Experts
Do you get into risk based entertainment and love gambling? No harm in that. We wish you huge winnings every time you step into a casino. However, you must keep in mind that you get to take home 30 pe
The Importance Of Using A Tax Accounting Service
Tax accounting is an important aspect of finance for any business. Business tax accounting largely influences the success of a business organization. A properly maintained tax record helps to evaluate the financial standing of a ...
Alpaca Business, Tax Benefits? You Bet!
There are plenty of tax advantages for Alpaca Landowners, but what about Alpaca owners that board their animals? That is a good question is it not? In this article we will talk about some of the tax advantages and the advantages are worth looking at.