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Taxes : Business & Finance
How to Determine a Fair Value for a Vehicle Donation
The Internal Revenue Service has a definition for fair market value as it relates to donations. It is the price a seller would be able to sell the vehicle for in a normal market. No strict rules are in place for determining the fair market value of a vehicle donation, though the person donating the
Tax Services India Has Two Dimensions Tax Consultants India & Tax Preparation Software
Taxes are obligatory for an individual to be a part of a civilized and organized society. "Income Tax" is the most common type of duty that is paid by the citizens of all nations. In India the definition of income tax is "the tax imposed by the Government of India on anybody who earns
What Is a Special Warranty Deed in West Virginia?
A piece of property can be bought, sold and used as a form of collateral many times over a span of years. A history of the transactions that have occurred on a property can be displayed on the title report. Before a property transfer occurs, like a sale, a title search should be completed to ensure
What Can the IRS Take From Your Refund for SSI Overpayment?
The Social Security Administration (SSA) overpaid taxpayers to the tune of $2.5 billion in 2009, according to the SSA website. If the SSA overpays, it is not free money, and the administration will pursue the debt in most cases. You may be able to get the SSA to waive the debt if you can prove that
IRS Assumes AMT Patch Even Before Congress Changes the Law
In unprecedented action, the IRS has jumped the gun and changed its Alternative Minimum Tax form - Form 6251 - to reflect the current estimate of what the AMT exemption amount would be if and when Congress enacts this year's AMT patch. Individual taxpayers should proceed with some caution at th
Do You Have to File Income Tax Forms?
Everyone in the United States does not have to file Income Tax forms. It's determined by how much money you make, how old you are and your filing status. You don't have to file if you meet the waiver rules.
All About IRS Form 2290 (Truck Taxes)
What Is IRS Form 2290?IRS Form 2290 exists as a way to pay Heavy Vehicle Use Taxes, or HVUT, which must be filed with the IRS for any highway motor vehicle that exceeds a gross weight of 55,000 pounds
The Rise in the Penalties for Late Tax Returns
Of the nine million people required to file self-assessment tax returns one million miss the 31st January deadline. The habitual offenders cause extra work and incur HM Revenue & Customs in additional cost. Inflation has rendered the penalties ineffective.
A Quick Guide to Preparing Your First Tax Return
Preparing your first tax return is empowering and rewarding. It just takes patience to make sure you've followed all the instructions.
Why File Taxes?
Filing taxes can be a nuisance: checking and double-checking your figures, writing the Internal Revenue Service a check. But for most Americans, non-filing isn't a real option: If you don't file, the IRS can charge interest and penalties on the unpaid taxes. It's also possible you'll lose money you'
Got Income Tax Blues? Get a Qualified Tax Professional on Your Side
Ever wondered why smart people seek the services of a qualified tax professional, while the majority of D-I-Y tax payers always receive unexpected tax audits which may result in huge fines, or even a prison term, for them? What's more, every tax season the majority of people who overpay taxes i
Step by Step Guide for Filing Business Income Tax Return
Are you a self employed Canadian? Or a proprietor? Or else into any sort of partnership? If yes, then you must be distressed regarding filing an income tax return. If this is the case, then ...
Can I Claim Volunteer Coaching for Tax Purposes?
Taxpayers who volunteer their time for charitable purposes cannot deduct the fair market value of their volunteer activities on their federal tax returns. Generally, the Internal Revenue Service allows taxpayers to deduct their real estate and personal property donations to charitable organizations,
Foreign Earned Income and IRS
United States citizens, who are living and earning outside the country, do not have to pay taxes on all or part of their income to the government. These citizens are entitled to an exclusion of up to $91,400 per annum, and are further entitled to exclude the amount that they spend for housing under
Online Income Tax Filing
Salaried Individuals and other non-audit tax payers are required to file tax returns compulsorily before 31st July for the year ended 31st March.
2011 Tax Extension Forms and Filing
How to file a tax extension for your 2011 business or personal taxes. Learn when to file, which form to use, how to pay the tax, when the tax extension is due, and more.
Australian Taxation - Help Employees to Save Tax With an Employee Share Scheme
Some people are not aware that if they receive shares in a company for work they are doing (either as an employee or otherwise) that the receipt of these shares can be income on which tax is payable. I have noticed that this incorrect notion is more prevalent in the small business community. This is
Tax Save 2007 - Helpful News About Taxes and Turbotax Premier
Tax Save 2007 - Helpful news about taxes and TurboTax Premier.
What If Someone Already Used a Dependent for Income Taxes?
If someone has already claimed a dependent whom you believe is rightfully yours and you have not filed yet, you should carefully consider whether to contest the other's claim. In 2010, a dependent represented a $3,650 exemption, or decrease, in taxable income. If that dependent is a child, you cou
Money Tips for New Parents & Tax Breaks for Parents
Babies present new financial challenges.baby image by Yvonne Bogdanski from Fotolia.comWhile new parents are flooded with pitches for everything from life insurance for the baby to educational software, financial advice is harder to come by. Common sense can guide new parents through many...