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Taxes : Business & Finance
How to Calculate Sales Tax in Virginia
Virginia, like many other states, imposes a sales taxes on items sold in the state. When you budget for a purchase, you need to take into consideration the costs of sales tax. Virginia has two sales tax rates as of 2010: a 5 percent tax on most retail purchases and a 2.5 percent tax on food intended
Amended Tax Return Information
According to the Internal Revenue Service, tax returns should be completed accurately and honestly. Any mistakes found after the return has been completed should be corrected by the taxpayer using form 1040X.
Avoid Delinquent Property Taxes
You cannot afford to ignore property taxes. After all, you property is at risk. If you are running behind, here are some useful tips to get over this nightmare.
11 Year End Tax Savings Tips
It isn't too late to save on taxes for 2007, however be careful. Consider some of the following 11 tips to help you save on taxes before the year is through.
UK Business Unaware of Tax Penalties
A majority of UK businesses are unaware of the large penalties that can be accrued by filing late or incorrect tax returns, new research has found.Data from Tenon Forum has found that some two-thirds of British businesses are ignorant of the tax penalties they could be liable to pay. The report stat
Purchasing Tax Lien Certificates
It is never a pleasant experience when a property owner loses the ability to pay their annual property taxes.However, when a property owner does becomes a delinquent taxpayer, it is up to the municipal government to collect owed property taxes.As such, the local government initiates a tax sale where
Basics Of Tax Debt
In life tax debt is faced by most people sometime or the other. It is nothing other than the inability to pay the IRS or state taxes due for a financial year or 2-3 years. IRS debt causes tensions and stress.
How to File Taxes Separate From a Spouse
Married couples who are required to file income tax returns generally choose to file using the "married filing jointly" status. There are occasions, however, when spouses choose to file separately from one another. Reasons for filing separately might include separation or because it benefits the cou
How Do I Compute My Federal Tax Withholding?
There are times when you want to know how to compute federal tax withholding. For example, you may have two jobs and want to be sure enough tax is withheld so you don't owe Uncle Sam a big check next April 15. Maybe you instead want to see how much difference a change in your W-4 would make. Whateve
Can an HOA Increase the Deductible?
A homeowners' association is a group of property owners, usually located in the same immediate area, who sign a contract in which they agree to uphold certain physical standards in the community and to pool resources to help enforce these codes. In some cases, HOAs will carry insurance or require th
Am I Entitled to Jobseekers Allowance?
Jobseeker's Allowance is a financial benefit paid to the unemployed or those on a low income by the Department for Work and Pensions in the U.K. government. There are two types: contributions-based Jobseeker's Allowance is available if an individual has paid in enough National Insurance contribution
Finance and Taxes - Breaking Apart
A big variety of marriages end inside the divorce courts. But do not expect any sympathy from HMRC. There isn't a longer any taxes relief on upkeep obligations or Kid Support Agency obligations.
Can I Invest in Both an IRA and a 401(K)?
Both 401(k) plans and IRA accounts can provide significant tax savings, and a way to save for a comfortable retirement. If you meet the income and eligibility guidelines set by the IRS, you can combine the two plans and use them to beef up your retirement nest egg while slashing your tax bill. As of
Tax ID Number Regulations in New York State
A New York state tax ID number is vital for a business located within the state to file business tax records. Depending on the type of business, requirements vary for tax ID numbers.
How to Prepare a 2008 Tax Return
Tax returns for the 2008 tax year became late as of Oct. 15 of 2009 if they had not already been filed. Late tax returns still can be filed, but taxpayers filing after the 2009 due date will be penalized and interest will accrue on any tax due. Taxpayers due a refund on their 2008 taxes will not be
What Is a Maturation Agreement Term on an Auto Loan?
"Maturation" or "maturity date" on an auto loan refers to the agreed-upon day the loan will be due in full. At that point in time, your principal debt and your interest should be entirely paid off. With an auto loan, you will have paid off your debt by its maturation term as long as you have made al
How Long Does the IRS Have to Tell You How Much You Owe?
As required by the federal Internal Revenue Code, the Internal Revenue Service must comply with the congressional statutes of limitations filing rules. If the IRS assesses income taxes on taxpayers after the allowable federal time limits, taxpayers have a legal right to contest or appeal their tax a
California Enterprise Zones
The California local government, under the supervision of the California Department of Housing and Community Development created 4 programs called Geographically – Targeted Economic Development Areas (G-TEDAs) whose sole purpose is to open an avenue of economic development in the state’s