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Taxes : Business & Finance
Important Factors of a Good Federal Tax ID Database Provider
The federal government of the United States uses a unique number in order to identify various businesses. This number is called Federal Tax ID also known as Employer ID Number (EIN). People who tend to start a business apply for this unique tax ID. There are searchers who are always in need of looki
Should You Make A Kidney Car Donation?
Car donation is a popular charitable act because something of value that is no longer needed or wanted is being given to someone who will truly benefit from it. I can think of few other more worthy charities, among those that accept cars and other vehicles as donations, than the National Kidney Foun
7 Common Myths about State Income Taxes
State income taxes are complicated and there are many myths and misconceptions out there. Don't fall for these seven myths about state income taxes.
How to Calculate Federal Income Tax Withholdings and Costs for Businesses
Corporation income taxes must be estimated and paid quarterly to avoid penalties on unpaid federal taxes when the corporate tax return is filed at the end of the fiscal year. This requires calculating the company's tax-basis income and tax-deductible expenses at the end of each three-month period an
The Average Salary of an E5 in the Army
In the Army, an E-5 pay grade is a sergeant. The pay for a sergeant is based on the annual pay table for military members. This pay table offers the monthly salary for service members, as well as the amounts of other monetary compensation a member of the military can receive.
Getting the Most From Tax Preparation
Tax preparation can be a very harrowing experience for those who are inexperienced and/or clueless in tax matters. The fact that there is a deadline to meet for the filing of the returns exacerbates one's sense of inadequacy and panic. This could very well lead to errors that could turn out to
How to Prepare Schedule C, Part II
Do you need help reporting expenses on your Schedule C? Are you wondering whether you've accurately captured all deductible business expenses for your Sole Proprietorship? Then this article is for you.
The Different Uses for Form 2290 and the Schedule 1
The filing season for Form 2290, or the heavy vehicle use tax, is scheduled to begin July 1st. With the start of the filing period so close, truck owners and operators are preparing their paperwork ...
IRS Guidelines for Filing a Loss
Generally speaking, the Internal Revenue Service levies taxes on money you earn through your labor or investment, or money you gain from a favorable, profitable trade. The IRS generally does not levy a tax on money you lose. The IRS recognizes three broad categories of losses: income losses, losses
Sales Tax Items And Sales Tax Codes In QuickBooks – How They Work
Are you confused about Sales Tax and Sales Tax Codes Article in QuickBooks? I was too! It took forever to finally figure out what they were doing, how you actually look right, the tax liability and re
How to Figure Per Diem Taxes
The per diem rate is an allowance calculated by the federal government based on a survey of meals, lodging and incidental costs across the country. Basically, it is a daily allowance that you are allowed while traveling. While you don't have to use the government's per diem rate if you come up with
How Much Money Must I Earn Before Taking Tax Deductions for Charity?
Many people give to charities on a regular basis. Many charities accept donations of both goods and money. The donations can help fund the operations of the charity or may be used to directly help people. When giving to an organization, you should be sure that you agree with the philosophies and pra
Income Tax Help for Seniors
Income taxes can be confusing, for people of any age. Seniors who need help with their income taxes have many resources available to them, from government agencies as well as community organizations. This article provides a list of some of the resources available that will provide income tax help fo
Self Assessment Tax Returns
In this article the author explains all the ins and outs of Self Assessment Tax Returns, and brings to light all the issues that may affect you when filling out your form.
Should I Use An Income Tax Preparation Service Or Buy Tax Prep Software?
The IRS would like to welcome you to the income tax preparation season of the new year! That's the way the taxes work. While on one hand you are enjoying the beginning of the new year and on the other you are looking back at the previous year while coming to terms with the pending tax bill. Fin
Can Mileage Reimbursement Be Counted As Income?
Some people must use their cars or other personal vehicles in the course of performing their job duties. Employers often pay a mileage reimbursement to these employees. The Internal Revenue Service usually considers work-related driving costs a business expense and so mileage reimbursement is not in
Tax Relief - Strategies
A long time back, watching a Bill Gates interview changed my point of view on accumulating wealth. When asked what the key was to his financial success, he responded, 'A working knowledge of the tax code.' It is surprising that the answer was not hard work or ground-breaking technology. Th
Is An ‘S Corp’ Right For You?
Is an S Corp right for you or should you stay a sole proprietor? €An S Corp more than pays for itself in tax savings if your net profit is more than $25,000 per year,€ ...
New York State Income Tax Audit Q & A
If you're a salaried employee and perform any work in New York state you are subject to New York state income tax. Executives and other highly compensated individuals are common targets for audit. The following addresses common questions by salaried employees.