How Do I File Taxes If I Work As a Freelance Artist?

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Taxes : Business & Finance

What Is the Requirement for Filing Income Taxes?

Not everyone who has income needs to file an income tax return. The minimum income required to file a tax return varies according to your age and filing status; these minimums are updated by the Internal Revenue Service each year. Several circumstances, however, may require you to file an income tax

How to Claim Your Previous Rental Loss

If you've experienced losses on your rental properties during the previous year, you have the option of claiming those losses on your taxes. In addition to the regular 1040 tax form that you file, you'll need to fill out a Schedule C to claim these eligible rental losses. The Schedule C form has 27

Getting Ready for Tax Work - 2012

By now, your 2011 tax work should be 'in the can' and well on its way to your tax preparer. If it's not and you're dreading the idea of even getting started on it, perhaps it's time to rethink your approach to annual tax work. Here in our back offices where we oversee severa

Small Business Accounting Sydney - Reports And Statements.

Having financial and accounting knowledge can make a different in the success of your business as small business owners you need to be able to manage the financials of the business. Hiring good accountants to perform bookkeeping and accounting of your business can make the difference as it will make

What Do Property Taxes Pay For?

County property taxes help pay for essential community services. Let's change our attitude about property taxes levied by our local government and think of them as membership fees assessed by a large co-op. There are many people pay fees into co-ops and Homeowner associations to receive several

New York Sales Tax Information

Sales tax in New York state has three possible components. One is the sales tax charged by the state, which is 4 percent as of February 2011. Another is the sales tax charged by the county, which can be as low as 3 percent and as high as 4.5 percent. The third and least common is the sales tax charg

Comments On Florida Tax Reform Proposals

What would be the direct consequences if the tax reform is approved in January? Florida Property Tax Reform to go on ballot January 29. Voters will have to approve by a 60% majority votes the property tax reform approved by the House and Senate, Monday October 29.

Reasons to Sell Gas Royalties

There are certainly many reasons someone might choose to sell their gas royalties. Some do it for cash, some do it for the purpose of estate planning. Here are a few reasons to sell your gas royalties that you might not have thought of.

Getting The Biggest Benefit From Tax Help

Taxes are a way of American life. They are own duty to pay and file. Many people go in search of someone to help them when tax time rolls around. Tax help seems to be in abundance from January 1st to April 15th. Unfortunately, some tax help is best avoided. Other times the tax help is something that

African American Homeowner's Top 7 Tax Advantages

Homeowner tax advantages is one of the top reasons for purchasing a home in the U.S today. Besides profitable businesses the Government loves nothing more than homeowners, and they show it with liberal tax benefits and perks. You've earned them, so you should make sure you're taking advant

How Should I File Taxes If I Am Getting Divorced?

Going through a divorce has legal and financial consequences as well as emotional consequences. As of 2010, a couple is considered married for tax purposes if their divorce is not yet finalized. You may choose to file at the lower tax rate for jointly filing married couples or at a higher tax rate f

How to Lower Your Property Taxes in Los Angeles

The more your Los Angeles property is worth, the bigger your property tax bill. If you don't like the size of your bill, you have the right to appeal; a successful appeal requires proving the assessor has overvalued your property. Los Angeles County has rules for filing an appeal; if you follow them

Can I Take Money Out of My 401K to Buy a House?

The Internal Revenue Service (IRS) allows first time home buyers to take money out of their 401(k) accounts to use as a down payment for a home. However, while these withdrawals are legal, company plans are not required to allow employees to make such withdrawals. Additionally, depending on how plan

Tax Planning and Stock Investment Strategies - II

In my previous articles related to Tax planning, I looked at how Tax planning can have an effect in your tax preparation. We saw the difference between Tax Planning and Tax preparation.