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Taxes : Business & Finance
How to Figure Illinois State Taxes Owed
If you are a resident of Illinois, you may owe state income tax in addition to federal income tax. As of 2011, Illinois had a flat tax rate of 5 percent for all income levels. Your federal tax Form 1040 should provide most of the income information you will need to file your Illinois state taxes usi
How to Reduce Taxes for a Small Business
If you are setting out to begin a small business, you will want to carefully calculate how you will survive the start-up period, when a majority of the expenses come hand in hand with the smallest amount of revenue that you will make during your company history. Knowing how to reduce your taxable in
Why You Need A Tax Attorney
While there are many tax issues that you might think you can handle on your own, here are a couple that should compel you to consider hiring a tax attorney. By hiring an experienced tax attorney, you will protect yourself from financial issues that you might face with the IRS.
What to Do About IRS Back Taxes
This agreement will let you pay your tax debt off gradually, in monthly installments. And if you qualify, a tax advisor may even be able to help you settle a tax debt.
The Eyes and Ears of the US Venture Capital Industry
The Venture Capital Industry in the United States has gone a long way since it was officially given the license to finance any entrepreneurial interest of any individual, or organization through the implementation of the Small Business Investment Act (SBI) in 1958 that granted the U.S. Small Busines
Make 2008 Less Taxing With These Year End Tips
As the clock winds down on 2008, there's still time to save on taxes.One way to know your tax situation is to track your income, taxable gains and deductible items during the year with a software tool
Can I Deduct Real Estate Taxes for Rental Property?
Rental real estate offers more than the potential for significant cash flow and appreciation. It is also an extremely tax-advantaged investment. It allows for tax-free incremental growth along with the ability to trade properties without incurring capital gains taxes. Furthermore, just about every e
How to Claim FICA When Doing Income Taxes
If you operate a food or beverage business and have employees who are tipped, you may be eligible for a tax credit to recoup some of the Social Security and Medicare (FICA) tax that you paid on your employees' tips. Despite the increase in the federal minimum wage to $7.25 per hour as of July 24, 20
Settle For Less Using An IRS Tax Settlement
Millions of U . S . Taxpayers owe the IRS taxes they can't pay. Thousands have had IRS levies put on their wages, bank accounts or are receiving threatening letters. They live in fear of the
IRS Form 9465 - Installment Agreement Tips
Resolving IRS tax problems by yourself can be a very challenging task. The IRS offers many programs designed to resolve IRS tax problems.But most of these programs take plenty of time to complete all the required forms and to complete the due diligence on the financial disclosures.The fact is, most
Tax Filing for Teachers
Teachers have the same IRS income tax filing requirements as any other taxpayer. However, to avail yourself of some of the deductions and credits that relate to your employment as a teacher, you must file your taxes on IRS Form 1040, as these tax benefits are unavailable to those who file using Form
Do I Need to File a State Tax Return in Wisconsin?
The complete range of Wisconsin tax forms are available online from the Wisconsin Department of Revenue for individuals to either file electronically or fill out with the help of a tax preparer. Wisconsin has five income tax brackets based on level of income, the highest of which paid state income t
How Do Income Tax Credits Work?
Income tax credits provide dollar-for-dollar reductions in the amount of taxes that you owe. The government offers income tax credits for a variety of different people, including college students, parents of children under age 18 and payers of foreign taxes. The amounts and types of credits change o
Tax Laws About Donating Clothing
Donating unused clothing to a charity is an effective way to clear out space in your home to store other items or use as livable space. It may also help reduce your tax liability at the end of the year, allowing you to keep more of your earnings. Internal Revenue Service charitable contribution laws
Tax Advice For When You Cant Pay Or File On Time
Read this article for important advice about paying and filing your federal tax return later than the mid-April deadline.
Deal With Your IRS Tax Debt
IRS debt can be quite overwhelming but no matter what, you can get some relief from what you owe to the IRS if your follow the rules properly. Find out how you may deal with the IRS when you owe money
How Make A Tax Rebate Claim When Leaving UK
There are a number of people who are able to make a tax rebate claim when they leave UK You can certainly make a tax rebate claim even after you have left UK and HMRC will calculate your tax refund ba