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

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Taxes : Business & Finance

Some IRS Tax Information You Need To Know

When you need some IRS tax information on certain matters, the internet can help you with it as it contains most if not all of the IRS tax information that you need. The IRS has its own website for you to access where you will see everything about the IRS from its history to all its functions and se

How to Make Out an Income Tax Return

Tax time rolls around every year in January. People who must file taxes have until April 15 to file them or ask for an extension. You need to know how to make out an income tax return in order to receive a refund or find out how much you owe in taxes to the IRS. Some people will have easy tax return

How to Deduct Lawn Business Equipment From Taxes

The Internal Revenue Service is responsible for the collection of taxes in the U.S. While gross profit is considered sales minus the cost of sales, there are other costs associated with running a lawn business, such as the cost to purchase the equipment used to perform your job well. The IRS allows

How to Fill Out and File IRS Form 1041

IRS Form 1041 is used to report the income (accumulated, distributed or held for future distribution), deductions, gains and losses of an estate, trust or bankruptcy estate. Trust and estate income is figured in almost the same way as individual income and the same deductions and credits are allowed

How to Claim State Income Tax When Divorced

Many states require you file yearly income tax on top of your federal income tax obligation. When you are going through a divorce, how you file can be very confusing. While how you file is fairly straightforward once your divorce is final, when you are in the midst of a divorce you must work with yo

Tax Tips to Get More of a Refund

How you feel about filing your taxes probably has a great deal to do with whether you will be writing a check or getting a refund check. Those who can claim a big refund often can't wait to file their taxes, while those who owe money to the government often put off the unpleasant task until the last

What Is an Input Tax Credit and How Is It Calculated?

Input tax credits arise in certain circumstances where registered entities recipient of a taxable supply. Such a registered entity is then able to use its input tax credits by deducting from the total amount of GST raised by the enterprise its total input tax credits. Ignoring other adjustments, the

Cash Flow

Cash Flow. US Business Law / Taxes.

Tax Benefits of Your Own Business

The United States encourages small business ownership in as many ways as it can. The tax code is one of many facets of the United States that makes it a haven of business activity. Entrepreneurs can take advantage of numerous tax benefits of owning your own business in the U.S., which provides advan

Real Estate Tax Gain Information

Profit from a real estate sale is a tax gain. Real estate sales gains are subject to capital gains tax, according to the IRS. Although the federal government encourages home ownership, the federal government also wants a percentage of the profit once a home sells. The difference between the purchase

How to Calculate Income Tax Expense

Income tax expense is based on a percentage of gross yearly income. Several exemptions and deductions reduce the gross earned income to a net earned income on the Federal 1040 form. The Federal income tax rate has four brackets. The brackets include "single," "married filing jointly," "married filin

How to Write Off Mileage on Massachusetts Income Taxes

For many employees, mileage can be an annoying expense, especially if it remains unreimbursed by your employer. Fortunately, under federal tax laws, unreimbursed mileage is deductible, and the state of Massachusetts, under certain conditions, will also allow its residents and even nonresidents to d

How to Incorporate in Kansss

How to incorporate in Kansas, including information necessary to file Articles of Incorporation with the state of Kansas.

What You Need to Know About Income Taxes New York

Income Taxes New York Facts That You Have to Know New York City is one of the few cities inside the United States of America whereby every money-earning resident is obligated to pay for their ...

Who Can I Claim As Dependents on Taxes?

Dependents are important with regard to how they relate to the overall tax return because they reduce tax liability. For tax year 2009, the personal exemption amount was $3,650. This means the taxpayer's liability was reduced by the amount of dependents or exemptions added to the return.