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Taxes : Business & Finance
How to Track Down Your State Income Tax Return
It is not uncommon for taxpayers to experience a delay in the processing of their state income tax returns. These delays could be due to the complex nature of the return, an error on the return, or even the sheer volume of returns being received by your state's Department of Revenue. Fortunately, mo
When Are Delinquent Property Taxes Due in Florida?
The authority to tax property is a Florida State Constitutional right reserved for local governments rather than the state. Property taxes are the largest source of revenue for local governments, according to the Florida Department of Revenue. When those expected taxes are late, local governments ca
Tax Implications of Selling & Buying a Stock the Same Day
When it comes to buying and selling securities like stocks, bonds and mutual funds, the IRS is interested in your profit. That is, you are only taxed on the difference between the purchase price, or cost basis, and the sale price. This profit is capital gain. If you lose money, it's a capital loss.
How To File An Offer In Compromise
The Form 656-B, Offer in Compromise Booklet (PDF) contains information about filing an offer in compromise, worksheets, and all forms necessary to file an offer in compromise
Salary Comparison of an LPN in South Carolina
Licensed Practical Nurses, or LPNs, care for patients in a variety of settings including physician's offices, hospitals, clinics, nursing homes and hospices. LPNs in South Carolina are licensed by the South Carolina Board of Nursing. In 2010, there were nearly 10,000 active LPNs in the state.
What a Federal Tax Lien Means to You
A federal tax lien can be defined as €A federally authorized lien against any and all assets of a taxpayer who has unpaid back taxes. The lien allows the Internal Revenue Service (IRS) to secure ...
BANK INTEREST & SECURITY
Many businesses are facing difficult times and may be incurring substantial interest payments to their bank as well as having to provide significant amounts of security to keep their companies afloat. In these instances, the ...
When Are Employment Tax Quarterly Returns Due to Be Filed?
If you are an independent contractor or you run a business as a sole proprietorship or as a member of a partnership, you are considered a self-employed individual for tax purposes. Self-employed individuals are subject to the same federal taxes that employees must pay. As a self-employed person, you
Does Your Company Qualify for This 3% Tax Deduction?
Starting with tax year 2005, certain companies can take a 3% deduction for US-based business activities with the Domestic Production Activities Deduction.
Divorce & Real Property
One of the main tasks in divorce cases is classifying and distributing marital property, including a couple's real estate holdings. In community property and equitable distribution states, real estate can consist of marital and separate components at the same time, creating complications for even th
Where to Get IRS 1099 Forms
Obtaining 1099 forms can be a source of confusion for businesses. These forms are not available at places like libraries or post offices; in fact, IRS offices may not even have them on hand.
Tax Disclosure: What Can My Tax Preparer Disclose About My Return?
You may have wondered how private your information is when dealing with an attorney, certified public accountant, or enrolled agent. Each of these licensed professional is under ethical standards that are written by a state or federal governing agency. It is true that they cannot ethically disclose
How to Minimize Taxable Income From Casualty Loss Insurance Recoveries
The Internal Revenue Service treats excess recovery from a casualty claim as taxable income in most instances. If your claim payment covers the repair or replacement cost with nothing left over, there is no taxable gain. However, if you file a claim on an automobile valued at $20,000, and the insura
Avoiding Accidental Tax Fraud
Every year you can find people scrambling all over the United States in preparation of that dreaded tax day in April. Some people like to do their taxes themselves and some like to take matters ...
Can I Get an Extension on My Property Taxes?
Property taxes are due either annually, semiannually or in smaller installments three or four times a year. In some states, the due date is followed by a grace period. On or after the delinquency date, penalties and/or fees are assessed. After some amount of time, properties with delinquent taxes ar
Handling an IRS Audit
Every year, the IRS audits many taxpayers. In 2010, about 1.6 million were audited for the 2009 tax year. This represented 1.1% of all taxpayers. Many of those audited were high income earners.
Get Tax Reduction With Self Managed Super Funds
Taxation is a very important thing in everyone's life. You spend sleepless nights thinking about the taxes you have to pay. People often face difficulty in dealing with income taxes. The rate of taxes in ...
Office Supply Tax Deductions
Whether you are a freelance professional, sole proprietor or run a small business with employees, there are a number of business-specific costs that you as a business owner incur throughout the tax year. When those expenses are for business purposes, they can generally be deducted on your federal in
The Way to Choose a Tax Attorney
For anyone who is searching for a tax attorney there are actually a couple of things to think about before making a choice. A great strategy is to pick 2 or maybe three last candidates and then launch interviews with them to make your final choice.
Deferred Income May Not Be Preferred-Bush Tax cuts Expiring!
For executives who have been deferring parts of their compensation, 2010 may be the time to rake in their winnings. While it's rarely advantageous to pay taxes sooner rather than later, the likely exp