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Taxes : Business & Finance

Can I Refinance My First Mortgage Only?

Home titles list lenders in an order usually based upon when the mortgage loan closed. The first loan appearing on title receives payment first when a home sells, normally or through a foreclosure sale. Some lenders only offer first mortgage loans. They require all existing liens agree to subordinat

Conducting Of Financial Audit In Accordance With Isas Framework

The auditor must act in accordance with all ISAs pertinent to the audit. An ISA is applicable to the audit while the ISA is in force. The auditor needs to fully understand what is written in an ISA together with its application and other clarifying stuff, to be aware of its purposes and to bring int

How to Avoid Capital Gains on the Sale of a House

Real estate can be one of the best investments in the world, especially if you're able to find a good deal. The profit on the sale of real estate is referred to as a capital gain for tax purposes. A capital gain is any gain made on the sale of investment assets, which is considered taxable. Unlike s

When To Expand Your Tax Preparation Business

One of the unique aspects of a tax preparation business is how well it can scale over time. If you're successful in your neighborhood, you'll likely be able to select another location and replicate your ...

Mortgage Insurance Premium Tax Deduction

The Internal Revenue Code provides taxpayers with numerous benefits to minimize the cost of home ownership. A common expense eligible for a deduction is the amount you pay during the tax year for mortgage insurance premiums. However, the Internal Revenue Service (IRS) imposes additional requirements

Who Pays Corporate Taxes?

While a corporation is a separate legal entity that provides important legal protections to its owners, the corporation form also bears a significant tax disadvantage. In the tax world, corporate tax is referred to as double taxation because there are two layers of income taxed that apply to corpora

The New Car Tax Incentive For 2009 - What it is and How it Works

Every year changes are introduced in the tax codes. The sales tax deduction offered to people who buy a new car is offers significant benefits specifically against the gloomy economic backdrop. This will not only help to ease the financial burden of individuals but it would be a great boost for the

Types of IRS Fraud

Learn the types of tax fraud.tax forms image by Chad McDermott from Fotolia.comIRS fraud refers to engaging in deceptive practices in order to get out of paying all taxes owed to the IRS. The IRS, or Internal Revenue Service, is the department of the U.S. government vested with the...

How to Report a Person for Not Filing Taxes

Nothing is more frustrating than coughing up large amounts of your hard-earned money for federal taxes, and then finding out that others do not even bother to file tax returns. Failure to file taxes is particularly offensive if the person is self-employed, as that means they are paying no tax burden

How To Be the Executor of a Deceased's Estate

Being named as the executor of a person's will or estate is an important responsibility. In addition to making sure that the decedent's last wishes are complied with, you need to settle the decedent's debts and file the estate's paperwork with the federal government. Complying with all formal requir

Tax Debt Relief With an Offer in Compromise

An offer in compromise may not be something that you can take advantage of to relieve your tax debt. But at the same time, you need to consider all options and this is one of the best.

How to Report a Loss for Worthless Securities on Your Taxes

Securities are investment instruments usually traded in financial markets. They include stocks, bonds, notes and options. Widely traded investments change in value daily. These changes result in you incurring a capital gain or loss when you sell the security. The situation with worthless securities

Innovative Tax Relief - What You Should Know

Innovative tax relief programs are basically programs that help people and even business ventures in matters of their taxes. This can educate people to be more responsible in paying their taxes avoidi

About Federal Tax Returns

Every year many individuals file their federal tax returns to the IRS (Internal Revenue Service). The government's revenue comes mostly from federal tax returns. The government uses the proceeds to fund different needs that benefit the country and its people.

Automatic Income Tax Extension Requirements

File an extension for additional time to file your tax return.A young woman holding a pen, doing her taxes image by Christopher Meder from Fotolia.comAn automatic extension of time is available for taxpayers who cannot submit their tax return to the Internal Revenue Service by the...

How to File a 1040-EZ by Internet

If you count yourself among the millions of American taxpayers who use form 1040EZ to file your taxes, consider yourself fortunate. This streamlined filing approach can take hours less than the time needed to prepare more complicated tax forms. To further expedite filing, the Internal Revenue Servic

What If You Have a 500 Deductible But Your Damages Are Less?

When the cost of a potential insurance claim is less than the amount of the per-claim deductible, policyholders must decide whether it's worth filing a claim. This decision can be complicated by several factors, including how likely it is that the claim will result in increased premiums and how like