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Taxes : Business & Finance
Common Income Tax Questions
Common Income Tax QuestionsTAX TIME image by brelsbil from Fotolia.comThere are several questions that a tax preparer is asked each year. Many of these questions are the same questions--perhaps worded a little differently, but still the same general idea. The questions usually fall into...
Are Health Insurance Premiums and Medical Bills Tax-Deductible?
Medical expenses are the amounts incurred to diagnose, prevent, alleviate and/or treat disease(s) affecting any part of the body. They include the costs you paid for dental, supplies, equipment, diagnostic units and insurance premiums primarily intended for medical and dental care. If you take itemi
What Is Faulty Deduction?
In 2010, the Internal Revenue Service investigated 1,818 cases of suspected fraud, including faulty deductions, according to their website. Of those cases, 734 ended with a guilty conviction. Faulty deductions can happen intentionally or not.
E-file Your Tax Return – It’s Easy & Convenient!
Online tax filing is the most convenient and easy way to file tax return. If you visit the IRS official site at irs.gov, you will get to know that the electronic or e-filing users are ...
IRS Tax Debt - Learn the IRS's System and Rid Yourself of IRS Debt
Deep in Debt? You're not alone. Most everyone experiences a problem with the IRS. Even if you pay on time, the IRS can still come knocking. How can that be? Why do innocent Taxpayers have the IRS on their back? Because the IRS's system is flawed.
A Guide To The Most Favorable Individual Income Tax Locations
Everyone is required to pay the government based on earnings. But did you know that some states forego any income surcharge or fee? You can't avoid payments completely, but depending on where you choose to ...
What Is a business budget?
Creating a budget for your business works the same way as a personal budget.
What Is the Working Family Tax Credit?
Even those who consider themselves well-versed in the inner workings of their government often find themselves perplexed over the ins and outs of tax code, especially when the names of different tax terms originating from separate locales seem to overlap, as is the case with the Working Family Tax C
Want a Break on Your Taxes? Declare Your Boat a Second Home!
They say it takes love to make a house a home, but all it takes to make a boat a second home is a place to sleep, a place to cook, and a place to, well, you know.If you've borrowed money to buy a boat, put a mattress in the bow, installed a camp stove, a port-a-potty or head, and a sink, and as
Las Vegas Tax Planning - Tax Audit
Las Vegas tax planning involves talking with a CPA. How correct tax preparation can save you money. Business audit and finding your passion.
What Documents Do You Need When You Are Selling Your Car to Another Person?
Selling your car to a private party can help you maximize your profit because you eliminate the dealer. It is important to provide the buyer with the documents to facilitate the sale; if you have never sold a vehicle, you may not be aware of them. Although requirements vary from state to...
How to File IRS Back Taxes
You can still file back taxes with the IRS, even if you didn't file IRS taxes for a previous year. Although the IRS hasn't discovered your missing income yet, they can still do so, and if they realize you haven't filed, they can file a substitute tax return for you and begin collections if you don't
Deducting Credit Card Fees When Paying Taxes
The last year has seen one of the worst economic scenarios we've experienced in a very long time. Some would say it is been so bad that we are even in a second Great Depression of sorts. What is indisputable is that money has been tight for most Americans. It's particularly problematic now
So You Want To Start Your Own Business?
Running your own business is exciting; it gives you the freedom to work in a way that suits you best but it is also a challenge. If you have been employed for any length of ...
How to Resolve Back Taxes
Failing to pay a tax debt can result in the government using collection methods, such as garnishing your wages to recover the money you owe them. According to the IRS, most individuals have until April 15 to file their individual tax returns. Filing late and owing taxes can result in late-filing pen
Are IRS Tax Penalty Payments Deductible?
The Internal Revenue Service assesses penalties any time you underpay or fail to pay taxes by the April 15 deadline. In addition, you may receive penalties for withdrawing retirement funds too early or prepaying your mortgage. Unfortunately, only mortgage prepayment penalties are tax deductible as o
Self Employment Tax Filing Tips
If you are self-employed, or even if you also work for an employer, there are special tax-filing rules you must follow. For 2009, sole proprietors and independent contractors need to file Schedule C or Schedule C-EZ with the Internal Revenue Service by April 15, 2010. You may file for an extension i
The Social Security System in Spain
Spain provides an extensive social security system taking care of more than 90% of the population. The system delivers benefits for health care (illness as well as maternity); industrial injuries; redundancy, old age, invalidity along ...
The Complete Guide to Preparing Your Audit Yourself
People often are confused about the word audit. Audit means to check and review financial statements that you possess. This is especially truer when you have a company that is running for at least one year or longer.