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Taxes : Business & Finance
What Is Real & Tangible Personal Property?
Legally, tangible property is any property, real or personal, that can be touched. Real property consists of land or real estate that cannot be moved or is attached to the property, such as buildings, oil, gas and minerals, and trees. Personal property is property that can be moved, such as machiner
Las Vegas Tax Planning - Nevada Cpa
Las Vegas tax planning involves talking with a CPA. The importance of finding your fit with a CPA. How your CPA can help you reach your goals.
Can Tax Cuts Help Improve The American Economy?
Obama's Tax Plan - Which is to Increase Taxes for the Rich, and Keep Them the Same for the Rest - is the Most Viable Solution for our Battered Economy Right Now. With a Significant Increase in Taxatio
Cost Segregation Study – Considering Cost Benefits
The ultimate aim of the cost segregation study is to increase the current cash flow by reducing the overall tax burden for the tax payers to the IRS and local taxation authorities. Although this field ...
Can I File Taxes on a Vet Bill?
Although you may consider your pet to be a member of your family, the Internal Revenue Service does not, at least when it comes to tax deductions. You cannot deduct the veterinary bills for family pets, regardless of how extensive the treatment might be. However, under certain limited circumstances,
Explanation of Tax Rebate
Governments have a history of using their tax codes to encourage certain types of behavior. Reducing taxes in exchange for some type of behavior is the formal definition of both a "tax credit" or a "tax rebate." These two terms mean the same thing, differing only in how the benefit is delivered to t
The Tax Lesson From Nortel's Bankruptcy Filing
Filing bankruptcy is obviously not something most people want to do. Given the current economic times, however, it goes without saying that many people simply do not have much of a choice. If you are ...
Self-Employed Insurance Plans
Being a business owner is attractive to many people, as you become your own boss and even have employees under you, you set and manage your own ambitions and goals, and you reap much of the benefits and profits of your efforts. Nonetheless, many people also dread having to manage through the complex
The Advantages of Bankruptcy Vs. Hardship Withdrawal
If you owe a lot of money to creditors, you might be tempted to request a hardship withdrawal from your retirement account so you can get out of debt more quickly. However, if you’re in a serious financial hole, you may be better served filing some type of bankruptcy, according to the book &#
2009 Most Overlooked Tax Deductions That Will Save You Money
Tax deductions you don't want to overlook when preparing your federal tax filings.
How to Confirm Your Homestead in Texas
The state of Texas has a law that prevents most creditors from forcing the sale of a home to pay off the homeowner's debts. The Texas Homestead Law was enacted in 1839 to protect families during periods of economic depression. It became part of the state constitution when Texas joined the United Sta
Bankruptcy & IRS Audits
It may seem logical that, if you file for bankruptcy, the IRS would want to look more closely into your finances but simply declaring bankruptcy does not mean you are more likely to receive an IRS audit.
Sales Tax Training
All businesses and individuals working and living in the United States must pay sales tax. This is applied during transactions made in a retail store, over the phone or on the Internet. To ensure that companies have accurately accounted for all taxable items in their business and reported taxable pu
How Does the Marriage Tax Benefit Couples?
Taxpayers often refer to the tax savings that comes with marriage as the marriage tax benefit. This tax benefit is not a specific tax law but encompasses all of the tax benefits that come with filing a joint return. When you and your spouse qualify to file a joint return, you save money as a result
How to Donate a Car to Public Radio
Public radio depends on listener contributions to keep operating. One of the best ways to donate your resources is to turn an old car over to a public radio station. You get a break on your taxes and the station will get a resource that it can turn into cash. Most public radio stations nationwide ha
What Do I Need to Do My Own Taxes?
Depending on each individual situation, doing taxes can be a time-consuming process. When the tax filer sits down to do his taxes, he should make certain that he has everything he needs right in front of him. The more prepared the tax filer, the more likely he'll finish up quickly.
Casuality Loss
Hurricane Ike inflicted a steep penalty on the Texas Gulf coast. However, there is an inconspicuous benefit – casualty loss tax deductions. Taxpayers may be able to take a 2008 deduction if either personal or business property was damaged by Hurricane Ike.
Fundraising Ideas for Sports Teams
Recreational and scholastic sports teams require funds for the purchase of equipment and uniforms as well as other expenses such as travel costs to compete in tournaments. With budget tightening in schools, teams sometimes have to do their own fund raising in order to continue playing their sport. C
How to Complete Federal Estate Tax Form 706
Any decedent with a gross estate of at least $3.5 million who passed away during the year must have Form 706 filed with the IRS by his executor on his behalf. Learn how to find out whether you must file this form if you are the executor of an estate and how to do so.
Dependency Exemptions - Have You Been Alive Long Enough to Claim?
Many Americans have a hard time applying tax exemption rules for their dead relatives. A mother that has lost her child can claim dependency exemption as long as she is able to prove that no other person qualifies for an exemption in the family. A person, therefore, needs to make sure that he/she qu