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Minnesota State Income Tax Information

Minnesota State Income Tax Information

We know that taxes are important to a state government when they're implemented even before there's an actual state and government. Minnesota's tax system, which officially began in 1849 with a tax levy for schools, was in place nine years before the Minnesota Territory became a state in 1858. Min......[Read More]
How to Calculate Council Tax Bands

How to Calculate Council Tax Bands

The United Kingdom (excluding Northern Ireland) operates a system of council taxation which came into effect in April 1993. Council tax is based upon your domestic property value, as set by the United Kingdom Valuation Office Agency. You are liable to pay council tax if you are over 18 and are cla......[Read More]
Does Pre-K Registration Count Towards Tax Deductions?

Does Pre-K Registration Count Towards Tax Deductions?

Raising kids is expensive, and part of the cost is to educate them. While public school systems can reduce education expense, pre-kindergarten (pre-K) is generally privately paid. Whether you can deduct the registration or tuition fees on your income tax return depends on what state you live in and ......[Read More]
What Should You Do if You Get a Missouri Sales Use & Withholding Tax Audit Letter?

What Should You Do if You Get a Missouri Sales Use & Withholding Tax Audit Letter?

The state of Missouri requires businesses to collect sales tax on the sale of taxable goods and remit the money collected to the Missouri Department of Revenue. If you purchase goods for use in your business and do not pay sales tax, you're required to remit use tax on these purchases to the Departm......[Read More]
How to Calculate Taxes on a Semimonthly Payroll

How to Calculate Taxes on a Semimonthly Payroll

If you pay employees on a semimonthly basis, you withhold taxes from their paychecks according to that frequency. Procedures vary by company, but in many cases semimonthly paydays fall on the 15th and last day of the month. If the taxes are withheld at a flat percentage, all you need is the employee......[Read More]
How to Calculate Taxes From Credit Spreads

How to Calculate Taxes From Credit Spreads

A credit spread is created when you sell options at one strike price and buy identical options at a different strike price. If your proceeds from the sale of the first leg exceed the amount spent to purchase the second leg, you receive a net credit. To calculate taxes on the credit spread, each leg ......[Read More]
How do I Calculate the Tax for Restaurant Meals Ordered in Arkansas?

How do I Calculate the Tax for Restaurant Meals Ordered in Arkansas?

Arkansas has a sales tax on food. For most food, the sales tax is a reduced 3 percent. However, when food is prepared, such as at a restaurant, then the sales tax on the food is 6 percent. To calculate how much you will owe in tax, you will need to use the total amount of the bill and the tax rate o......[Read More]
Ohio Sales Tax Regulations

Ohio Sales Tax Regulations

Like the majority of states Ohio has a sales tax, which it calls a sales and use tax. Ohio law requires that any person expecting to make taxable sales first obtain a vendor's license. Prospective vendors can apply for the license through their county auditor or at an Ohio Department of.........[Read More]
How to Report the Lack of Upkeep on a Vacant Property in Florida

How to Report the Lack of Upkeep on a Vacant Property in Florida

Vacant property that is lacking in upkeep can be an eyesore for your neighborhood and can even bring down the value of your home. It also can be a dangerous temptation for children or vagrants. You can report these vacant properties to the city commission office and the county offices where you live......[Read More]
Tax Write-Offs for a Single Person

Tax Write-Offs for a Single Person

No matter what you do for a living or how much money you make, taxes can take a big bite out of your wallet. You can reduce that tax burden and keep more money in your pocket by taking advantage of every tax break you are entitled to. As a single filer, you have access to a number of tax breaks for ......[Read More]
Tax Write-Offs for Newlyweds

Tax Write-Offs for Newlyweds

When you marry, you and your spouse begin a new financial life together. You have new filing options and tax breaks that aren't available to singles, though you may have to confront the tax drawbacks of married life as well. Even if you and your spouse are living much the same life as you did before......[Read More]
Value of Donated Cell Phones for Taxes

Value of Donated Cell Phones for Taxes

A taxpayer can donate a cell phone to a qualified organization and deduct the fair-market value of the cell phone. Donation are deductible if the taxpayer itemizes his deductions on Form 1040 Schedule A Line 17. A taxpayer can use one of four techniques to value their cell phone: cost or selling pri......[Read More]
Singapore Tax Filing Requirements

Singapore Tax Filing Requirements

Tax law in Singapore applies to foreigners and locals alike.Singapore image by Roy L. from Fotolia.comSingapore has rules governing who must file an income tax return. Generally speaking, the same rules apply to foreign residents in Singapore as to citizens of Singapore. Taxes must be.........[Read More]
Alabama Income Tax Rules

Alabama Income Tax Rules

Performing exact calculations ensures the return of the correct amount of taxes.A young woman holding a pen, doing her taxes image by Christopher Meder from Fotolia.comMost states collect tax on income earned within state borders to help fund state systems of government and public.........[Read More]
General Information About Personal Property Assessment

General Information About Personal Property Assessment

Personal property assessment is the determined value of personal property for taxation purposes. By law, all personal property is valued at its real market value unless it is exempt from being taxed. The United States Department of Revenue has determined general guidelines regarding personal propert......[Read More]
IRS Tax Bracket Information

IRS Tax Bracket Information

In the U.S. tax system, the Internal Revenue Service (IRS) utilizes tax brackets when determining how much to levy. These tax brackets change annually depending on factors such as inflation and cost of living.......[Read More]
Tax Write-Offs for Newspaper Delivery

Tax Write-Offs for Newspaper Delivery

Adults who deliver newspapers with a personal automobile can take certain tax write-offs. The Internal Revenue Service (IRS) requires newspaper carriers and distributors to report their earnings on Schedule C of their tax returns, and allows them to deduct certain business expenditures when filing.......[Read More]
Types of Compensation For Partners in LLC Companies

Types of Compensation For Partners in LLC Companies

Allowable compensation depends on the LLC's tax treatment.business colleagues preparing for business meeting image by Vladimir Melnik from Fotolia.comA Limited Liability Company (LLC) is a type of business structure. LLCs offer the liability protection of a corporation but the.........[Read More]
Property Tax Tips

Property Tax Tips

Property taxes are due annually.TAX TIME image by brelsbil from Fotolia.comThere are basically two kinds of property taxes: real property taxes, which are paid on homes, commercial buildings and real estate; and personal property taxes, typically levied on such large, tangible items such.........[Read More]
How to Pay Your Mississippi County Land Taxes

How to Pay Your Mississippi County Land Taxes

Tax assessors determine Mississippi county land tax by the value of the land belonging to the owner or the current possessor. The rate depends on the amount of money needed within the county at that time. Once paid, the taxes aid schools and city and county governments. This amount is subject to cha......[Read More]