Taxes : Business & Finance

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What Is The Earned Income Tax Credit?

What Is The Earned Income Tax Credit?

What is the earned income credit? How does it affect you? If you have kids or not you will want to read this.......[Read More]
What You Need to Get a Tax Debt Settlement - The IRS Forms You Need!

What You Need to Get a Tax Debt Settlement - The IRS Forms You Need!

You want to settle your IRS tax debt but you don't know where to start. That's OK, the IRS can seem overwhelming at times, and there are so many forms and publications. If you're trying to get your tax debt settled you've already experienced the bureaucracy and tons of paperwork ......[Read More]
The Annual Average Household Income

The Annual Average Household Income

The United States Census Bureau regularly compiles data from households across the nation to give government agencies, companies and individuals a picture of the country's current state of affairs. Its September 2010 consumer income population report, compiled from data collected in 2009, reports th......[Read More]
How Do I Get My W2 Tax Form Over the Internet?

How Do I Get My W2 Tax Form Over the Internet?

All employers are required by law to send their employees a W-2 on or before January 31. Although most W-2s come in the mail, many corporations also employ services which allow you to retrieve your W-2 online. Most employers advise their employees of these services but if you aren't sure and need ......[Read More]
What if You Filed Your Taxes & Forgot Interest Income?

What if You Filed Your Taxes & Forgot Interest Income?

Filing a tax return is sometimes stressful and intimidating; typically you'll have a persistent fear that you've left something off and that the Internal Revenue Service, or IRS, might come looking for it in the form of a costly audit. In reality, minor mistakes aren't as big a deal as some taxpayer......[Read More]
Strategies to Avoid Paying Capital Gains Taxes

Strategies to Avoid Paying Capital Gains Taxes

A successful self directed investor which has made gains during the year should strategically plan against paying capital gains taxes. Understanding the mechanics of the capital gains tax itself is very important. Following is the way capital gains tax is calculated and what my policy is to keep the......[Read More]
Surviving Family of a Soldier Who Died on Duty Benefits More With Tax Debt Relief

Surviving Family of a Soldier Who Died on Duty Benefits More With Tax Debt Relief

A son, father or a husband killed while on military duty is a painful reality. This pain will come deeper if such person has financial obligations to settle prior to this death. For the family ... ......[Read More]
Selling Shares from Employee Stock Purchase Plans: A Taxing Calculation

Selling Shares from Employee Stock Purchase Plans: A Taxing Calculation

Selling some of your employee stock? Find out whether you have to hold the stock for a certain period of time before you sell to get a better tax rate.......[Read More]
Social Security Voluntary Tax Withholding

Social Security Voluntary Tax Withholding

If you receive Social Security benefits did you know that you can have income tax voluntarily withheld from your check?By signing up for Voluntary Tax withholding it could make next year's tax liability easier to swallow. Here is how it works.......[Read More]
Does 'Mortgage Interest Deductions' Mean Higher Tax Refunds?

Does 'Mortgage Interest Deductions' Mean Higher Tax Refunds?

When a taxpayer files his federal income tax return each year, she is always looking for ways to minimize her tax bill to maximize the amount she will get back as a tax refund. One way is claiming itemized deductions, such as the mortgage interest deduction, which allows you to write off mortgage in......[Read More]
Cheap Property Valuation Services For Your Property

Cheap Property Valuation Services For Your Property

A depreciation schedule would include capital works depreciation which would be- considering the initial construction cost; depreciation on plant and equipment- the products and items used such as furniture, appliances, items depreciatable at high rates; renovations and improvements- allow further i......[Read More]
Is There Financial Help for a Single Parent Trying to Finance College for Her Child?

Is There Financial Help for a Single Parent Trying to Finance College for Her Child?

Paying for college can be a daunting prospect. If you are single and trying to pay for your child's college tuition, it can be difficult to find the extra money and to tell your child that you do not have the means to finance his education. There are, though, a variety of resources available to help......[Read More]
Section 197 Intangible

Section 197 Intangible

Section 197 Intangible Asset. US Business Law / Taxes.......[Read More]
What Is a FICA Limit?

What Is a FICA Limit?

The Federal Insurance Contributions Act (FICA) gives the government authority to collect taxes for Social Security and Medicare. The taxing provisions were originally included in the Social Security Act, but Congress moved these provisions to the Internal Revenue Code in 1939. FICA allows payroll ta......[Read More]
If All Debts Are Paid After Death, Do I Need Probate?

If All Debts Are Paid After Death, Do I Need Probate?

One part of the probate process is to pay off any debts a deceased individual might have had when he passed away. For this reason, people sometimes wonder if probate is necessary if the deceased had no debts at the time of death. In general, probate still is necessary even if debts aren't connected ......[Read More]
How to Become a Licensed Child Foster Care Provider in Minnesota

How to Become a Licensed Child Foster Care Provider in Minnesota

In Minnesota, children who have been abused or neglected or are at risk are eligible for child protection services. While the Minnesota Department of Human Services makes every attempt to keep children with their parents, in some cases it is necessary to remove children from their homes for their he......[Read More]
Does the IRS Write off Back Taxes After 10 Years?

Does the IRS Write off Back Taxes After 10 Years?

The Internal Revenue Service does not have forever to collect a tax debt. From the time the IRS assesses a tax liability, the collections clock is ticking. The IRS has three years from the date of a tax return to assess a tax liability from that return, and it has 10 years to collect it.......[Read More]
Collection Assignment Agreement

Collection Assignment Agreement

Large companies, such as credit card providers, often seek the aid of debt collection agencies when attempting to recover overdue consumer debts. The creditor and the collection firm negotiate a collection assignment agreement based on the policies and preferences of both companies.......[Read More]
How to Find the Right Accounting Firm or Tax Preparation Expert to File Your Tax Return

How to Find the Right Accounting Firm or Tax Preparation Expert to File Your Tax Return

Whether you've always prepared your own tax returns but now want to invest in a professional or you're simply looking to change accountants, you want to hire the right person for the job. Follow a few basic guidelines to find a tax preparer who meets your needs.......[Read More]
419 Insurance Welfare Benefit Plans Continue To Get Accountants Into Trouble

419 Insurance Welfare Benefit Plans Continue To Get Accountants Into Trouble

The National Conference of CPA Practitioners Volume 5, Issue 7 AUGUST 2008 419 Insurance Welfare Benefit Plans Continue To Get Accountants Into Trouble By Lance Wallach Popular so-called "419 Insurance Welfare Benefit Plans", sold by ... ......[Read More]