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Taxes : Business & Finance
Tax Penalties And Interest
Tax penalties and interest are two things no one wants added on to the amount already due the IRS.If you don't pay your taxes on time, the IRS will attach penalties and interest,but in all fairness to the IRS, they will also pay you interest if they are late getting your refund to you.Failure t
A Detailed Explanation Of IR35
On 9th March 1999, HMRC issued a bulletin named IR35, detailing how they were going to close the loophole that allowed contractors to avoid paying tax and NICs by using intermediaries, such as personal service companies, composite companies or business partnerships. Essentially, IR35 affects all con
How Do I Pay Estimated Taxes? Can I Pay Electronically?
Ways to pay estimated taxes, including EFTPS and payment voucher.
If I Paid Real Estate Taxes on My Neighbor's Property, Can I Collect by a Lien?
When you stepped in and paid your neighbor's property taxes last year, you probably figured you would get the money back as soon as your neighbor was back on his feet. Unfortunately, your neighbor has refused to pay you back. Your ability to collect through a property lien is dependent on several fa
How to Remove a Tax Lien in Massachusetts
Tax liens are a serious problem. These are judgments against either your property or credit report for outstanding taxes. The federal and state governments are not private lenders and need not follow the standard collection policies. Instead, the IRS and state departments of revenue can garnish your
How to Get Old Tax Returns
You may need to retrieve past tax returns if you lose them through any number of reasons. Tax returns may be required for various business transactions such as obtaining or renewing credit, qualifying for financial assistance or receiving financial aid for education. If you do not have access to the
Can an Unmarried Mother Claim a Child on Taxes?
Owing money to the Internal Revenue Service at the end of the year can be challenging for a single mother with a child. Reduce your taxable income and federal tax obligation by claiming all the credits you can. Some useful credits come from claiming your child as a dependent. An unmarried mother can
How to Donate Cars in Zanesville, Ohio
People often think of donating their used clothes, home decorating accessories and older electronics to charities. You also donate a used car or truck (or other automotive equipment) to charity. Many charities in larger cities accept car donations directly; if you live in a smaller city--such Zanesv
How to Determine the Amount of Federal Taxes Withheld
The amount of money withheld from your paychecks for federal income taxes depends on the number of allowances you claim, your income level, your pay period and your filing status. When you start work, your employer requires you to fill out a Form W-4 to note how many allowance you claim. The income
LLC Vs Inc Businesses
When starting a business, there are many corporate practices available to owners, shareholders, or partners that allow for maximization of efficiency in operation and taxation. A limited liability company is one that allows multiple owners to claim individual portions of both profits and taxes, so t
How to Check on a Georgia State Tax Refund Check
When filing your federal taxes, most individuals also file their Georgia state taxes. In some cases, a refund check is lost or takes a long time to be processed. Checking on your Georgia refund status through the Internet or by phone is an easy way to track your check as well as keep yourself from u
Taxation Of Import Of Services In India And Levy Of Service Tax
This article deals with the taxation of import of services in India and evaluation of levy of service tax in the light of some relevant circulars and notifications. The author has also referred to a decision of the Bombay High Court in Indian National Shipowners Association v. Union of India [2009]
To Be Free From Tax Debt, You Need The Assistance Of An IRS Tax Relief
To be able to declare your tax debt into a non-collectible you need the help of a tax attorney to help you organize your necessary documents to be presented to the Internal Revenue Service.
Who Can Garnish an Income Tax Return?
Creditors can garnish a tax refund but a court order is required.money vortex image by Alexey Klementiev from Fotolia.comMany people receive tax refunds when they file federal income tax returns. These refunds are issued in two ways: paper check and direct deposit to your bank checking or...
How to File Taxes Being an Independent Contractor
Working as an independent contractor definitely has its advantages, but it also provides unique challenges, especially at tax time. Those who are accustomed to having an employer track their wages and deduct taxes from their pay may find it difficult to adjust to these new financial responsibilities
How to Become a Tax Preparer in Michigan
Learning to prepare taxes will enable you to prepare your own and others' taxes, as well as be employed by a tax preparation company. While you don't need any special training to prepare taxes, if you work for a company you will need to adhere to their requirements. Companies may have both education
Can a Person Cash Their Pay Check in a Different State?
You can cash your paycheck anywhere in the United States, but only if you can find a bank or check-cashing service willing to negotiate it. Small regional banks and check-cashing centers are often reluctant to cash out-of-state checks because bad check laws are set at the state rather than federal l
Different Ways to File Taxes
Filing your taxes each year is a chore all Americans must face. Different methods are available to help complete this task. Some are free and take a little time, while others can be expensive and leave you with free time to spare. The method you choose is up to you; the option not to file is simply
Tax Implications of Not Charging Depreciation on a Rental Property
As an owner of rental real estate property, you are entitled to take a depreciation expense deduction each year against rental income on Schedule E of your tax return. Failing to take this deduction means paying taxes on more income each year while preventing the reduction of capital gains taxes whe
The Donation of Stocks to Charity Organizations
Giving to a charity does not only have to involve taking out your checkbook or giving cash. You also have the ability to donate assets as well. Some people who wish to give to a charity decide to give shares of stock instead of cash. This strategy can help both the charity and your tax situation.