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Taxes : Business & Finance
Student & Child Tax Credits
Credits and deductions lessen the tax burden of individuals by reducing the amount of income that taxes must be paid on. Multiple tax credits exist for parents or guardians of qualifying children, as defined by the Internal Revenue Service, or IRS. There are also a variety of credits available for s
Easy Fundraising Ideas for Small Groups
Fundraising with a small group can be taxing, as there are not as many people available to set up and run large fundraisers. Choose a fundraiser that does not require a large number of participants to raise money without wearing down the spirit of your group's members. Keep in mind...
Are Insurance Proceeds Taxable?
Insurance proceeds often contain large amounts of money, so you must know how to handle these settlements when you prepare your tax return. Different tax rules apply to different types of insurance settlements, so consult a tax professional to ensure you don't make a mistake and wind up with an audi
Campione D'Italia - The Italian Tax Haven in Switzerland
Many people overlook the fact that you can simply move to Switzerland and live virtually tax-free, legally, and without being subject to notoriously strict Swiss immigration controls. You can take full advantage of legendary Swiss bank accounts as if you were a resident of Switzerland. How? Through
Tax Consequences Of Home Foreclosures And Short Sales
With the economy in a recession and the Real Estate Market at its worst in decades, many taxpayers have either experienced or are facing the threat of a foreclosed home or other piece of Real Property
How to Donate Your Car in Tempe, Arizona
When you purchase a new vehicle, you may want to consider donating your old vehicle to charity. Many charities in Tempe accept vehicle donations and then sell them at low cost to raise funds for themselves and provide a needy person with a vehicle. You can deduct the amount the charity receives from
What Is the Difference Between Ordinary & Qualified Dividends?
Dividends refer to payments made to by companies to investors based on how many shares they own. Dividends can be issued on a regular basis or as one-time distributions.
Taxes on Lawsuits
The IRS treats most lawsuit awards as taxable income.tax forms image by Chad McDermott from Fotolia.comThe Internal Revenue Service taxes all income unless specifically excluded by the Internal Revenue Code. This includes income derived from lawsuit awards. The IRS taxes lawsuit awards as...
Taxing Londons Property Market
Offshoreresource.com on the potential impact of higher Capital Gains Tax on London’s property market.
Dodging The Audit(sort Of)
“You have been Audited!” A phrase that strikes fear into the hearts of any tax-paying American who has been either doing their own taxes or was just unlucky enough to win some kind of nega-verse lottery that scrutinizes all your earnings from last year. For those unlucky enough to find t
Could a Reduction in NI Contributions For Everyone Boost the UK Economy?
National Insurance (NI) Contributions have always been a difficult issue for small businesses that employ staff because they must be paid by the employer in addition to the salary: a bit like a tax on ...
Tax Deductible Items - How to Find & Use More
You probably already know that finding and using more tax deductible items can lower your tax bill. But how do you find and use these valuable tax deductions? Easy... You can go to Turbotax online and use their tax deduction maximizer to find more tax deductible items that are available to you.There
How to File a Federal Tax Extension Form with the IRS
As the tax filing deadline approaches each year, some taxpayers find themselves bleary-eyed and behind the eight ball hoping for time to stop in order to complete their taxes. Fortunately, the Internal Revenue Service understands that the need arises from time to time for taxpayers to extend the fil
Need Affordable Tax Help? Hire a Tax Resolution Company Without Delay
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What Is the Law for Donating IRA to a Charity?
Donating money from your traditional individual retirement account (IRA) is an excellent way to give during your lifetime. If you are at least 70 1/2 years of age as of 2011, you can donate up to $100,000 from your account to charitable organizations of your choice without owing taxes on the amount.
Wall Street Journal Misleading About Tuition Deduction Case
A Wall Street Journal article by Laura Saunders misleads taxpayers into thinking that a recent tax court case makes it easier to deduct the cost of an MBA. The article, Nurse Outduels IRS over MBA Tuition, appeared in the January 9, 2010 education section.
How Can the IRS Take a Tax Refund After Chapter 7 Discharge?
After going through the entire bankruptcy process and receiving official discharge of all of your debt, you may think that you are home free. However, your tax refund for the current year, as well as a portion of next year's refund could be at risk to pay non-dischargeable debts, or to be distribute
CPA Posting Medicare Open Enrollment News
There is important news for those who are enrolled in Medicare from your local CPA. Open Enrollment period begins on October 15. You will now have the opportunity to make new choices for your plan. Medicare updates its plans with new coverage and costs with any change of health-care needs.
Online Tax Return Services: A Boon for Everyone
Paying out the taxes at the end of a financial year is duty and responsibility of every law abiding citizen. It must be fulfilled at all costs if you want to enjoy the freedom and ...
Can I Write Off a Loss of Rental Income?
When you own residential real estate that you use to generate rental income, the Internal Revenue Service, or IRS, requires you to report the income and deductions for that property with your tax return. However, in years your rental expenses exceeds your income, you cannot always reduce your other