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Taxes : Business & Finance
Talking Tax - Is It A Good Time To Sell A Business
Following changes in the 2011 Budget, the tax environment surrounding the sale of a business is at its most favourable for a number of years.
Who Doesn't File an Income Tax Return?
As a general matter, the Internal Revenue Service requires most individuals who earn an income to file an income tax return at the end of each fiscal year. However, several situations exist where individuals may not be required to file. Those who are not required by law to file may still wish to fi
Does a Business Qualify for Deductions?
A business qualifies for income tax deductions only for expenses that meet Internal Revenue Service rules. To qualify as a deduction, the expense must be both necessary to conduct business and common for that particular type of business or industry. This definition excludes capital and business expe
Alternative Minimum Tax (AMT) Part 2 - What You Can Do to Reduce Its Impact on You and Your Taxes
Did your tax bill go up dramatically this year, courtesy of the alternative minimum tax (AMT)?You're not alone. Every year, this happens to more and more people.That's because the single exemption allowed in the AMT has not kept pace with inflation.Read on for some things you can do to red
What to Do When Receiving an IRS Notice
There you are minding your own business. You work all day, catch the kid's game and then come home. You innocently grab the mail and start looking through it as you walk up the driveway. Junk mail, magazines, a bill and...a letter from the IRS! So much for your relaxing day.
Dealing With Tax Problems
Whether we like it or not, paying taxes is a part of life. That being said, it can be easy to get behind when it comes to filing tax returns and making the necessary payments. If you have tax problems, it is important that you deal with them while you can instead of when the IRS decides to come afte
How to Get a Transcript of a Tax Return If Not Filed Yet
If you ever lose a tax return and need the information you reported on it, the Internal Revenue Service can provide you with a free transcript that includes all of the pertinent data. However, the IRS is only capable of generating transcripts for the tax returns you file. If you still need to file a
Hillel and the Tax Man
Hillel's three questions about ethical behaviour are directly applied to the subject of national taxation. 3 answers are provided, but in answering Hillel's third question, a less obvious solution to the ethics of the government taking our money presented.
Tax Deduction Checklist For 2009, 2010
If you had mortgage interest, real estate taxes, IRA contributions, and charitable contributions last year - you probably have them this year as well.The same is true of medical expenses, various taxes, that safe deposit box you keep, and if you are required to pay certain expenses, like alimony.Fin
The IRS Clears Confusion on Interest Deductions for High-Value Mortgages
For several years now, there has been some confusion as to the amount of deductions that a taxpayer can claim against interests on mortgages. The confusion was more for individuals who had mortgage balances of more than $1,000,000.00.
Harry CPA: Transforming the Business with Diverse Services
Since its inception as one of the most Prolific accountancy services in the New York City, Harry CPA has redefined the paradigm of business consultancy in modern times. With a host of prestigious clie
Tax Help on Home Mortgage Interest Deduction
Majority of the taxpayers do not take advantage of the home mortgage interest deduction because it requires the process of itemizing taxes, which many see as burdensome or just too complicated and requires too much effort. If itemized deductions, inclusive of mortgage interest, paid all through the
State of Georgia Sales Tax Information
The state of Georgia collects sales tax. There is a flat rate for the state itself, and each county may collect an additional percentage.
Ovdi The 4 Issues You Want To Know
If someone continues to be questioning what the proper plan of action is, it's critical that they only talk to a qualified offshore tax lawyer. The attorney-shopper privilege solely applies when speaking to an attorney. The Internal Revenue Service can subpoena a CPA or almost anybody else to g
Dental School Courses Required to Become an Orthodontist
Orthodontics is the practice of improving the alignment of teeth and the jaw. Most commonly, orthodontists fit and manage braces. This can improve the cosmetic appearance of the teeth, but it can also facilitate proper cleaning and cut down on dental decay and cavities. All candidates who want to sp
How to Deduct Compensation on Taxes
As a business owner, you want to take advantage of as many tax deductions as possible to reduce your tax burden. The compensation that you pay employees and independent contractors is often a significant deduction, so it's important to understand how to properly report it.
How to Calculate Tennessee Federal Income Taxes
The State of Tennessee does not have a tax on earned income. There is a tax in Tennessee on income from dividends and interest. Calculating the federal taxes owed for a Tennessee resident is a simple matter of finding the adjusted gross income, subtracting the total for exemptions and either the sta
What Are Personal Exemptions When Filing Joint Taxes?
Personal exemptions are items claimed on your tax return that decrease your taxable income. The value of the personal exemption adjusts each year for inflation.
IRS Budgeting Help
You may not think the Internal Revenue Service (IRS) would be interested in helping you and your family create a realistic budget, but in fact, the IRS and the tax code have created a number of opportunities that allow workers of all ages and income levels to budget their money wisely. From tax cred
Do I Need A Tax Attorney?
If you're seeking tax debt relief, having a lawyer isn't necessarily, but could prove beneficial. Here are just some of the reasons why.