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Taxes : Business & Finance

Babysitter Tax Deductions

If you need to pay someone to babysit your child while you work, you may be able to deduct a portion of the costs as a tax credit. This can mean big savings on your taxes because the deduction is a credit to your taxes not simply a deduction from your income. It also provides some relief to working

How to Check the Status of State Tax Returns

Once you have sent your state tax return by mail or e-filed it online, you can typically check the status of your return after four or five business days. This will help you determine when to expect your refund or tell you if your return is being processed yet. It will also inform you if another gov

How to Calculate Tax Revenue

Calculating tax revenue is not difficult provided you know which tax rate to charge against a tax base. The tax rate is the legally defined percentage to be charged against the legally defined tax base. The tax base is the legally defined measure upon which the assessment or determination of tax lia

Las Vegas Cpa Firm - Business Cpa

The process of choosing a Las Vegas CPA firm. The importance of finding your fit with a CPA. Business consulting for succession planning.

How to Become a Tax Preparer in the State of Indiana

Tax preparers answer questions about filling out tax forms and get forms ready to send to the Internal Revenue Service and the state department of revenue. In Indiana, tax preparers do not need to be licensed as of 2011. You can become a tax preparer in the state by graduating from high school and t

How to Lower Income Taxes

Following a few simple tax planning tips can reduce your income tax as well as save you big money when it comes to long-term wealth building. Maxing out your retirement accounts, revisiting some old tax forms and augmenting your investment plan are just a few of the ways you can save thousands each

Pros and Cons of Payroll Services

Every company understands the importance of timely and accurate payroll processing in each pay period. As payroll is an important administrative task, it requires knowledge and skills to make the righ

The Pros and Cons of Stimulus Packages to Revive a Slowing Economy

Every time a recession looms or the economy starts to slow down, the government seeks to restore the economy through different stimulus plans. The recession of 2008 was one such case. When the mortgage crunch hit the economy, causing widespread panic with the sudden financial plunge, the government

How to Record Work Done on Rental Property in Lieu of Rent

Maintenance work on a property in exchange for the right to live there is a barter exchange, which is still taxable by the IRS. Since cash is generally not exchanged in barter exchanges, you need to establish the fair market value (FMV) of the rent and services provided and report them on the appro

Tax Payment - A Liability on Every Earner

Tax is termed as that part of income which an earner has to pay as a part of his liability towards the government. The payable amount is decided by the govt. depending upon the income earned.

How Can I Get an Old Copy of My W2?

Your W-2 form contains information that you need to prepare your state and federal tax return. The information on this form, in conjunction with other personal information, will determine your state and federal refund or if you owe the IRS. If you failed to file for a previous year and want to file

IRS Payment Plans - How They Work

If you owe debt to the IRS and cannot pay in full a payment plan or IRS installment agreement may be negotiated. While this may be a good option for you to avoid wage garnishment, tax levies, etc., generally the faster you pay off the debt the less fees and penalties you will be subjected to.

Starting Salary of Nannies

Finding someone responsible, reliable and loving to watch your child can be difficult. The decision to hire a nanny over daycare includes factors such as accessibility, time and money. The starting salary for nannies varies among states and depends on the exact time commitment needed for the nanny.

Filing Your Income Tax Online

With so many advancements on the Internet, you are now able to do your tax online as well. This will ensure you that your tax return will be done in no time at all, provided ...

New Jersey Tax Questions

In addition to the federal taxes you must pay, which include income tax, Social Security tax and Medicare tax, many states also require you to pay state taxes. Some of these taxes are applied to your personal income and withheld from your paycheck, while others are applied in specific locations to

How to Calculate Federal Income Tax on Wages

The United States levies taxes on income from wages as well as income from capital gains and other sources. The government taxes this income at certain rates, depending on the source of the income or the amount. The tax on wages, much like other income sources, rise as the earnings increase.