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Taxes : Business & Finance
How to Release a Federal Tax Lien
Understand different ways to release a federal tax lien issued by the IRS. The statute of limitations, a payment plan, paying in full, an Offer In Compromise, or the appeal process are possible avenue
Does Deducting PMI Premiums Lower Your Taxable Income?
Private mortgage insurance (PMI) premiums increase the monthly cost of your mortgage because you are paying for an insurance policy to protect your lender in case you default. However, you benefit because it makes banks more willing to lend to people who can afford only a small down payment. In addi
Estimate Your Tax Return With Online Software
Every year you need to file your taxes. Whether you are a business owner or you simply work as a corporate employee, you need to file your taxes at the end of the season for the income earned in the previous year. To estimate your tax return it might be a difficult task but with automated software t
When to Consider an Appeal For a Tax Levy
If you receive a Final Notice of Intent to Levy and Notice of Your Right to a Hearing from the IRS you will then have to decide if you are going to appeal it. Appealing a tax levy is something you may want to do - but only if there is a good reason for this. There are a few good reasons why you can
To Which Kind of Organizations Can I Make a Tax Deductible Donation?
Donations to public libraries are tax deductible.Lisa Stirling/Digital Vision/Getty ImagesUnited States Code Title 26,170 outlines and regulates what taxpayers may claim as contributions and gifts to charities. According to the Internal Revenue Service (IRS), a taxpayer can claim...
A Fair Share of Tax – A rant in four parts
1) The anarchists occupy Fortnum & Mason According to HMRC and HM Treasury we in the so called tax avoidance industry should be looked at and treated in the same way as the anarchists who ...
Land & Property Taxation
Taxation on land and property is what some might consider a necessary evil. The money that is collected helps keep local communities safe and secure, helping to keep vital services funded. Land use determines the level of the tax rate on the property, with more productive use costing more in taxes t
How Long Do I Have Before the IRS Won't Audit Me?
The answer is three years. However, like most answers to IRS questions there are stipulations. Read more to find out the particulars.
How to Calculate a Bimonthly Paycheck
Calculating your bimonthly take-home pay is simply a matter of subtracting withholdings from your gross yearly salary and dividing that difference by six. Depending on how your pay rate is defined -- hourly, weekly or monthly -- you may first need to calculate your yearly gross salary. Your human re
Income Tax Return Checklist
Double check your Social Security number.tax forms image by Chad McDermott from Fotolia.comUsing tax preparation software helps taxpayers automatically catch errors on their returns. Even with the potential extra set of virtual eyes, though, you should be well-prepared at all stages of...
What Causes the IRS to Put Up a Red Flag & Audit?
Filing federal taxes is, often, stressful enough without the threat of an audit. Whether you owe taxes at filing or benefit from a pleasant overpayment, the last thing you may want is for your return to raise a red flag and land you an audit. While an IRS audit is not always a bad thing, knowing the
Why Did My Bonus Check Get Taxed 40%?
At the end of the year, many employees are often rewarded with bonuses -- extra payments designed to encourage and thank the employee for his hard work. These bonuses, although supplemental to a person's regular income, are taxed like regular income. For people in higher tax brackets, this can mean
Can Companies Deduct Car Allowances From Taxes?
The Internal Revenue Service allows companies to deduct ordinary and necessary business expenses from their taxable income. As transportation is often an ordinary and necessary part of doing business, the expenses a company incurs relating to transportation, including car allowances, are legitimate
Can You Charge Your Taxes?
Most working adults in the United States are required to pay a regular tax on the income that they receive. In addition, most consumers in the United States must generally pay some sales tax on the goods that they purchase. If a purchase can be charged, then the sales tax can be charged, too. When p
When You Haven't Filed Tax Returns in a Few Years
The IRS typically comes up with a guesstimate of your tax liability and sends you a letter. Here's what to do to protect yourself.
A Tax Lawyer To Your Rescue
The IRS induces fear in people because they are unable to understand the complexities of filing returns. Every year several thousands of people are unable to pay their taxes or file wrong amount of money because they are unable to calculate their taxes correctly. For all these reasons you must alway
Pennsylvania State Income Tax Requirements
Pennsylvania taxpayers are often required to file a state income tax return even if they don't have to file a federal return. Many of the state's tax guidelines for determining taxable income and allowable deductions differ from those of the federal government. Pennsylvania's tax rates are also much
Sales Tax Consulting For Online Business
Nowadays, with the evolvement of internet marketing, online businesses are growing rapidly as it provides great convenience and affordability to customers.
Accidental Business Owners: Should You Reexamine Being Self-Employed?
For those caught up in the surge of independent contractors in the last 3 years, it may be surprising to see just how costly being self-employed can be. With the improving economy, and brand new job opportunities, now could be the moment for certain people among the ranks of the self-employed to go
How to Escape From Your Debts
Many people get into such great debt that they do not know where to turn or how to get out of it. All they wish that they could do is run away from their debts and debt collectors. They find if they try to escape their debts, they will be pursued by debt collectors. Wages get garnished, liens ar