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Taxes : Business & Finance
Tax Rebates Simplified - Get Money Back From New & Renewed Tax Deductions This Year
Keep cash in your pockets this year with these Standard, Itemized, Credit, & Renewed Deductions which have been reinstated to help re-stimulate the economy. Congress is helping "jump-start" the economy with these following tax breaks.
Tips for Medical Expense Tax Deductions
Use a Health Savings Account (HSA) to reduce your taxes and deduct medical expenses you might otherwise not be able to claim or which may be limited. If you deduct medical expenses directly as itemized deductions on Schedule A of your tax return, your medical deduction is limited to only the amount
Small Business Tax Questions - Can Your Business Account Be Used To Pay Personal Expenses?
Do you ever use your business bank account to pay personal expenses? Perhaps you've got some bills due tomorrow and to save time, you pay the mortgage or the electric bill right from the business account. Is that OK? This article will answer that question.
Delinquent Tax Preparation and Filing Help
With the right advisor, the process can be far less painful and more affordable than you might imagine.
How to Figure Roof Pitch on a New Building
The pitch of a new building's roof is a numerical measurement of its slant or steepness. The main reason for pitch for a roof is to help the redirection of rain, sleet and snow. Determining the pitch of a new roof is essential in the process of laying the shingles or slates for the roof. The pitch o
Disability Tax Credit Benefits For Mobility Issues-stand To Gain Today
Physical mobility is absolutely necessary to carry out our day to day activities and functions. These include walking, running, free movement of hands and limbs etc. Sometimes an injury or old age or some kind of illness may reduce our mobility and bring about partial or complete loss of function of
Real Estate and the AMT - Overview
The Alternative Minimum Tax is a very important consideration for taxpayers who own real estate, because many of the rules that apply to real estate are different for the AMT than they are for the Regular Tax. This article examines the three different situations taxpayers find themselves when they o
The Tax Guide for Traders
When you trade stocks or other securities, you want to find out how to keep as much of your profit as possible. If you have to pay too much in taxes, it can significantly cut into your profit. Understanding the tax rules regarding investing can help you make decisions that will keep more money in yo
Tax Handling - An Organizing Idea
Amongst the best ideas to make sure your taxes are paid is to keep a record, perhaps in a Word document, of ALL your income sources. While it may seem like an unrealistic idea initially, it actually is not that difficult.
Income Tax Preparation Software - 3 Tips For Choosing the Best One For You
Many people waste money every year by paying an accountant to do what they can easily do themselves. If you know how to choose a good income tax preparation software, you will be able to easily fire your accountant with no worries.
Medical Expenses Abroad and Tax Refunds
For residents in Ireland, you can claim your medical expenses incurred abroad as a tax deductable item. Find out what you can claim tax back for and how much you may receive as a Tax Refund.
How to Know If You Owe Back Payroll Taxes to the IRS
All employees are required to pay taxes to the government. Your payroll taxes include federal, state (if applicable) and FICA -- Social Security and Medicare. Generally, your employer is required to withhold federal taxes from your paycheck and pay to the Internal Revenue Service (IRS). A number of
What Deductions Can I Get for College?
Taxpayers who pay for college expenses for themselves, their spouses or their dependents may qualify for certain tax deductions that can reduce their tax liability by several thousand dollars. Typically, these deductions must be itemized and meet IRS rules for qualifying expenses. Taxpayers may also
Tax Treatement of Credit Card Rewards and Frequent Flyer Miles
Rewards and discounts issued by credit card companies and frequent flyer miles are not considered taxable income. However such rewards and discounts can reduce the cost of a tax-deductible expense.
Rapid and Reliable Tax Planning
You use income-tax application to accomplish your job. But because a lot of software can be obtained out there, you must find the right kind to suit all your needs. Currently there are five income-tax
Does a Quit Claim Deed Change a Mortgage?
Buying or selling a house changes the title, or deed, to reflect the new owners. This document contains the legal description of the property, the names and signatures of those transferring title (grantors) and the names of the new owners (grantees). Deeds are notarized and filed at the local county
How to File Business Tax Returns
Business owners are required to file federal tax returns each year to report the gains and/or losses from their business for the tax year. Business tax returns can be filed both online and by mail. Electronically filed business returns will be processed by the Internal Revenue Service faster than pa
What Financial Information Do You Need to Disclose in a Divorce?
In a contested divorce settlement, full financial disclosure is often necessary for the court to conduct a fair division of assets and determine eligibility for alimony and child support payments. Attempting to hide assets from your spouse, or the court, can backfire. A judge could easily rule again
How Do I Calculate Taxes on Prize Money?
Winning a prize is certainly exciting, but that windfall comes with a price. In most cases you will owe taxes on the money you won in the event of a cash prize or on the value of the merchandise in the event of a non-cash prize. As soon as the excitement of the big win wears off, it is a good idea t
How to Prepare for an IRS Audit With the Help of a Tax Resolution Professional
Have you received notice of an impending tax audit for you or your business? Take steps to prepare, to minimize the stress and anxiety of the audit process. If you find out that the IRS ...