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Taxes : Business & Finance
Is Equipment Property Tax Calculated at Depreciated Value?
Because the Internal Revenue Service doesn't assess real or personal property taxes, property tax codes vary significantly across the country. Determined by state and county laws, the methods used to establish the tax basis for equipment varies by region, although most assessments of its value aren'
Which States Have the Best Property Tax Relief for Seniors?
Comstock/Comstock/Getty ImagesTaxes are one of the ways seniors can save money, and property taxes are often higher than income taxes. All 50 states offer some kind of property tax relief for seniors. Counties and cities may also have property taxes and tax relief plans in place. The five...
What is the Child Tax Credit Rebate?
Working taxpayers in the United States are eligible for certain federal tax credits and deductions based on the number of qualifying dependents claimed on annual tax returns. One widely popular federal tax credit utilized by working parents is the child tax credit.
What is to Originate from the Internal Revenue Service for restaurant Entrepreneur
In the fast world of the restaurant industry, it can be step up or be stepped on. Competition amongst restaurant entrepreneurs is brutal and you cannot afford to be slowed down. But, what if the ...
How to Work Out an Arrangement to Pay My Delinquent Property Taxes
States and local governments collect on property taxes from homeowners. These property taxes are charged once a year. Failure to pay property tax can lead to your property being seized, but this usually occurs only after repeated failure to pay over a period of years. It's sensible to come to an arr
Why Operators of Big Trucks Must Pay a Heavy Vehicle Use Tax (Form 2290)
The Vehicle Heavy Use Tax (filed via form 2290) is an important tax because it is used to repair wear and damage to public roads caused by heavy trucks. The IRS has implemented electronic filing and payment procedures to make it as easy as possible.
What Is IRS Form 970?
IRS Form 970 explains deductions and credits available to individuals who are paying for higher education costs. Generally, only one credit or deduction can be claimed for an educational expense, so it is important to understand all of the credits and deductions to choose the one that will provide
Review of Cash Gifting and Overnight Cash Systems
In reviewing the phenomenon of cash gifting, the oldest I have found on the internet claims to have been around for 14 years. The other older programs appear to have been operating for five to ten years. The literature states that these methods have been used for many years by the wealthy to basical
Claiming earned income credit (EIC) for a child
You can claim earned income credit (EIC) for one or more qualifying children. There are three different tests to find out whether your child qualifies. If your child meets these three, then you can lo
Wall Street Seeks to ‘Gut’ Dodd Frank Act Through Trade Deals
U.S. Bankers and Insurers are trying to use trade deals, which can weaken the Dodd Frank legislation designed to prevent a repeat of the 2008 crisis. While companies say they are seeking agreements that preserve ...
Advantages of Paying Before the Due Date
Many people are experiencing financial hardship in a rough economy. With June 2011 unemployment across the nation at 9.2 percent, many people have a hard time paying their bills on time. However, paying your bills on time, if possible, is important as there can be a number of advantages gleaned fr
Common Scams Used to Reduce Your Tax Liability
Taxes are complicated enough without having to worry about all the tax scams that you need to avoid. Unfortunately, they are a reality that we all have to face. There is plenty of information about tax scams online. To help our readers avoid common tax scams, we have centralized this information and
Congress Passes Section 179 Deduction Increases
We've all heard about the impact of the Economic Stimulus Plan on individual taxpayers, but not as much information has been reported by the media regarding its effect on small business. To stimulate
How to Deduct Rent & Lease Expense on Schedule C, Line 20
There are literally dozens if not hundreds of deductible expenses available to the typical Sole Proprietor. Some of these are more obvious than others, such as rent and lease expense. Let's take a closer look to make sure you're not missing out on this deduction.
Top Business Leaders Call For An End To The 50p Tax Rate
Over 500 leading business leaders have significantly pressed for the “damaging” 50p top rate to be dropped in the upcoming budget.This follows accusations from the country’s leading entrepreneurs who suggest that the chancellor, George Osborne is placing more emphasis on “pop
Getting Through Irs Tax Debt
Tax trouble can come from mistakes, omissions or any other number of directions.How the tax problems arise is not as important as finding the tax help necessary to deal with any tax debt that comes from those problems.You can choose to work through tax debt on your own or you can find a tax professi
Taxes - Why Do We Pay Taxes
Did you ever think that why do we pay taxes, what the government does with tax amount that we shall out every year and how did this tax system evolve. Governments taxed their citizen for a variety of reasons like the Roman Emperors did not tax their citizen but instead taxed conquered peoples in lie
Types of Government Grants
You will find that there are many types of government grants available. The key is to find out which would apply to your situation, and which you qualify for. Individual grants are administered by several ...
The Mortgage Interest Deduction Probably Isn't Going Anywhere
Every so often, I happen across an article about eliminating the mortgage tax deduction. The frequency of these articles has increased rapidly as those with little understanding of economics or history who were elected to our legislature seem determined to impose austerity on the country (curiously
What Goods Qualify for the IC-DISC Export Tax Subsidy?
U.S. businesses can use IC-DISC to get a tax break for exports of goods made in the U.S. The benefit is 10% or more of export profits. To qualify, the goods must be at least partly made in the USA, and the cost of foreign components cannot exceed 50% of the sales price.