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Taxes : Business & Finance
Tax Questions - Where to Find Information
With each passing year, laws related to taxes become more complicated and thus progressively less easy to understand clearly.The nearly endless list of tax codes leads tax payers to ask many important questions about their own taxes.
Tax Tips From a CPA
This article will provide a few simple tax tips that most people overlook.They may seem simple, but do not forget about them.
I Traveled to Australia - Can I Get an Australian Tax Refund?
Australia is a hotbed of tourism and people all over the world come to enjoy the beaches, the outback, and the coral reefs that Australia has to offer. The other thing that Australia has to offer is taxes. Like many countries around the world, Australia has a Value Added Tax (VAT) and, like a lot of
Can an Employee Get a W-2 for Payroll & Also Get a 1099 for Paid Commissions?
Companies may pay employees both wages and commissions. It is unusual for a company to issue both a W-2 and a 1099. Some companies hire a person as an independent contractor for a few months before offering an employment contract. In other cases, the employee has two positions within the company. T
When to Pay Taxes When a Title Is Transferred in Georgia
Property titles in Georgia are transferred through a deed. Warranty deeds and quitclaim deeds are commonly used to transfer titles or change titles. Like many other states, Georgia assess transfer taxes when a property is sold for a valuable consideration. The tax rate is uniform throughout the stat
What Is Form 1099, Anyway?
Form 1099 is used to report a wide variety of taxable income, such as interest, dividends, stock sales, and self-employment income.
Independent Contractors Tax Information
As an independent contractor, you must keep track of every phase of your working life: generating a reliable income stream, keeping track of your expenses, and, oh yes, filing your annual income tax returns. Because you don't have a specific employer, you have more tax responsibilities than employee
E-File Tax Programs
OverviewThere are a variety of online programs available that will walk you through the process of filing your tax returns. Most now have the option to e-file your return, or submit it via the Internet so that it reaches the IRS as quickly as possible. If you also choose the option to...
In-Depth Facts on the CP 503 IRS Notice, and What You Should Do If You Get It
The Internal Revenue Service delivers CP503 as a second endeavor to tell you of your outstanding tax debt. They advise of what is owed, and the second allows you another ten days to fully pay off your Tax Debt.
Fair Market Value of Deductible Donations That the IRS Will Allow
In the United States, the Internal Revenue Code allows a deduction from taxable income for the value of cash and items donated to qualified charitable organizations approved by the Internal Revenue Service. Although there is no limit to the value of qualified charitable contributions, the IRS impos
Compulsory Acquisition of a Capital Asset by Government
Interest on enhanced compensation: Where the assesse is following mercantile system of accounting, interest on enhanced compensation should be spread over on accrual basis and be taxed accordingly [Ra
What Taxes Do Undocumented Immigrants Pay?
Contrary to popular belief, undocumented immigrants pay taxes, with some estimates putting the total figure north of $10 billion, according to "USA Today." Not only do most undocumented immigrants pay taxes, their tax money can be more important than taxes from a regular worker, because undocumented
How to Get a Tax Deduction on a 4-Ton AC Unit
A four-ton air conditioning unit is a large, central unit that may be eligible for a tax deduction. Under the United States Energy Protection Agency's Energy Star program, certain central air conditioning units qualify for a tax deduction. As of June 2011, the amount of this deduction is $300. To ob
How Does a Tax Audit Work?
What is a Tax Audit?A tax audit is a detailed investigation into the tax obligations of a party, be it an individual, business or other organization, in order to discover whether additional taxes are owed and whether the party may have intentionally evaded payment. Since certain taxes are...
Filing Your Taxes
Filing your taxes and paying them is two different things. You do not want to be late in either of them as even if you have filed for your taxes you may still need to pay penalty charges if you failed to pay on time.The computation of the amount you need to pay for your taxes can be found in the IRS
Does a 401(k) Qualify As a Deduction for Taxes?
Workplace 401k plans provide a variety of benefits to its participants. Not only are they tax-preferred vehicles for retirement savings, but they provide immediate tax savings for participants. There are several types of 401k plans and each plan may be customized by the sponsoring employer provide
Definitions for Different Types of Taxes
Taxes are financial charges imposed on individuals or businesses by a governing body. In the U.S., the Federal Government, state governments and local governments can impose taxes. Taxes allow governments to raise money to pay government workers and fund public programs. Governments can...
Truck Driver Tax Tips
Truckers are entitled to many tax deductions.camion image by silonos from Fotolia.comIf you drive a truck for a living, and especially if you are an independent contractor, the Internal Revenue Service (IRS) entitles you to certain expenses you may deduct from your taxes. However, it is...
Scholarships for Handicapped People
Scholarships for people with handicaps sometimes help students with a specific type of impairment or disease. Some general scholarships give special priority to people with disabilities, too, so always read their guidelines carefully and apply for any you may have a chance of getting. Remember that