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Taxes : Business & Finance

Examples of Deductions

There are a variety of deductions you may be eligible for.tax forms image by Chad McDermott from Fotolia.comYou may be eligible to take a wide variety of deductions while filing your taxes. If you are itemizing deductions, be sure to add up all of your deductions and compare them to the...

List of Tax Brackets for Small Businesses

Businesses pay taxes according to thier organization type and income-tax bracket.tax forms image by Chad McDermott from Fotolia.comBusinesses are required to pay a number of different types of taxes to the Federal Government including income taxes, self-employment taxes, employer taxes...

Filing For Income Taxes For Newlyweds - Some Tips

Newly married couples who have been used to managing their own money will have to acquaint themselves with several new life changes. Questions such as where to live after the wedding and how much it will cost are among the top concerns to address. But one financial issue that many miss out on is wha

IRS Tax Trouble 101

Many Americans are finding themselves in debt with the IRS / State and don't know what to do. Your not alone, 10% of Americans have similar issues today. The goal here is to help you understand what to do now in order to resolve and deal with your tax issue.

Tips To Keep In Mind While Filing The Taxes Yourself

As soon as the tax filing season appears, a lot of people start contacting various tax professional agencies to ensure a smooth tax filing process. But, there are individuals who prefer to file the tax returns on their own, without any expert guidance and there is nothing wrong in that.

Tax Advice for Selling a Home

Do you want good tax advice? Are you selling your home? If you are, hold your horses. You may not need tax advice at all as people selling their main home don't have to pay tax on the house.

How to E-file Income Tax Returns

Preparing and filing income tax returns used to be a lengthy process, but new e-file services make filing quick and easy. It is no wonder that Americans are using e-file in large numbers -- according to the IRS, nearly 90 million Americans e-filed their taxes in 2008. Online e-file tax programs will

Go And Get Back Your Unclaimed Money In No Time

Nobody likes to be traumatized by the burdens of debt. It certainly feels terrible when you come to know that you have a huge loan to pay. But, how about discovering a huge amount all of a sudden? What if all of a sudden you come to know that you are the owner of a property that is worth a million d

Qualifying For a P60 Rebate

How can you qualify for PAYE (pay as you earn) rebate often referred to as a p60 or a p45 income tax refund? Many people do qualify and about one third of employees can be due a refund.

Waitress Tips & Taxes

Working as a waitress can be difficult, and so can figuring out the taxes you owe on your tips. Reporting tips accurately is important, and the IRS recently has been taking a harder look at tipped employees. This means that waiters, waitresses and all employees who rely on tips for part of their wa

How to Calculate Federal Allowance

Your federal withholding allowances determine the amount of taxes that are withheld from your paycheck each month. You estimate your allowances and record the estimate on your W-4 form. Your employer will use the W-4 input to compute the amount of taxes to be withheld from your monthly paycheck. Bec

401k Divorce Rules

When spouses divorce, their state's property distribution laws determine their legal rights to receive a portion of any marital property they jointly own. Generally, most states allow divorcing spouses to retain sole ownership of property they owned separately, prior to their marriage, as long as th

How to Find Business Information Through Tax ID Numbers

Every business must have a tax identification number registered with the state and federal governments. This tax number is called an EIN (employer identification number) or sometimes a FEIN (federal employee identification number). Unique to each business, this number is associated with the business

How Long Can You Draw Workman's Comp?

Workers' compensation insurance is a financial tool that employers use to avoid having to pay for job-related injuries sustained by their employees. Laws on workers' compensation vary by state; however, any employer that employs three or more people typically must either purchase a workers' compensa

How to Report Tax Tips to the IRS for a Waiter

The Internal Revenue Service requires that you report all of your taxable income on your tax return. Taxable income includes tips, as well as wages. Since tips are included as earned income, they are also subject to payroll taxes, such as the Social Security tax and the Medicare tax. To make sure th

Tax Credit Processing

Tax credit processing center actually helps a business in reducing its income tax. Tax credit is different from tax deduction, tax credits may reduces the tax to zero or may cause refund of tax alread

Tax Preparers Licensing Requirements

In July 2009, the Commissioner of the Internal Revenue Service began a six-month review of the paid tax return preparer industry. The review revealed that tax preparers or tax software prepared the majority of federal tax returns for 2007 and 2008--over 80 percent, including about 87 million individ

Federal Income Tax Write-Offs

When filing your tax returns, there are a number of deductions that you can take to reduce the amount of taxable income you have. All of the deductions listed below are above-the-line deductions, which means that you can take the deduction in addition to the standard deduction.